[CDx Launch Session Summary] Fishbowl 4: Renewable Energy Installations

The session on renewable energy installations showcased their critical role in corporate decarbonization, focusing on solar PV growth, hybrid energy systems, and the importance of policy frameworks.  

Citing his experience, Jes Kaliebe Petersen, Smart Power Myanmar, illustrated the importance of innovative financing mechanisms and stakeholder collaboration to drive energy adoption in underserved regions. He also emphasized that the current availability of development bank financing offers a unique opportunity for governments in Asia to scale renewable energy adoption. Jeeranut Suthawaree of Chow Energy highlighted the challenges SMEs face in accessing renewable solutions, noting their commitment to taking on higher risks to support SMEs, even with modest returns.

Emphasizing the competitiveness of solar PVs, Nonthi Cherdsanguan of Mott MacDonald pointed out that costs were as low as 4–7 cents per kWh, leading to a surge in corporate power purchase agreements (PPAs). Hybrid systems, which combine renewable and traditional energy sources, were also discussed as a solution to address intermittency challenges.  

Pakawadee Korjaroenrattanakul of Altervim underlined the importance of cross-country learning, citing Vietnam’s success in rapid solar deployment as a model for adaptation across the region. However, the discussion acknowledged that policy and regulatory frameworks must be tailored to each country’s unique context to overcome barriers effectively.

Key Takeaways

• Solar PV Competitiveness: Solar PV remains one of the most cost-effective renewable options, with hybrid systems addressing intermittency challenges.

• SME Support: Financing mechanisms like concessional loans and de-risking strategies are critical for SME participation in renewable energy projects.

• Policy Frameworks: Effective policies, like those in Vietnam, highlight the need for region-specific adaptation to scale renewable energy installations.

• Stakeholder Collaboration: Governments, corporates, and communities need to work together to achieve holistic energy transition goals.

• Cross-Country Learning: Sharing successful renewable energy policies fosters regional growth while addressing localized challenges.

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