Unisun Energy Group plans entry into SE Asia's PV and energy storage market

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Nov 20, 2018, 20:11 ET

MANILA, Philippines, Nov. 20, 2018 /PRNewswire/ -- The 3^rd Annual ASEAN Solar+ Energy Storage Congress & Expo 2018 was held in Manila, Philippines from November 14-15. With one of the main topics being an update on Thailand's solar and energy storage market after the launch of the New National Electricity Development Plan, the event attracted the participation of around 900 industry stakeholders around the world, including regulators, investors, developers, EPCs, manufacturers and third-party advisory service providers, to talk about the future green economy and sustainable development of the ASEAN market. He Yisha, Chairwoman of Unisun Energy Group, was invited to attend and shared her unique views in a round-table dialogue focusing on assessing the potential of light storage in Southeast Asia and taking a close look at future energy models, technologies, and also, financial environment.

Thailand has recently unveiled a new national electricity development plan, ending the single electricity purchase model that has been in place for 30 years. In addition to the Electricity Generating Authority of Thailand (EGAT), all private power producers can also sell surplus power to the country's two utilities, the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA). As a result of opening the energy markets and allowing private power transactions, solar power stations can access the grid and pay the transmission fees to public utilities based on the amount of electricity transmitted and the level of grid congestion. She said, "The new policy in Thailand will decentralize and digitize the electricity trading market as well as drive market standardization and development. Merging local markets into a greater Southeast Asia market through aggressively developing and utilizing solar power in combination with professional post-installation operations and maintenance services to provide a one-stop new energy solution is an inevitable trend of the future. Unisun Energy Group's distributed rooftop projects at Thailand's Phitsanulok and Toyota facilities are based on this model, which has the ability to not only generate electricity but also be a consumer of the generated power itself."

Looking ahead, many opportunities resulted by the differences between peak and off-peak power pricing that are available in Thailand, Vietnam, Malaysia and other countries, as well as the characteristics of deregulated power trade, highlighting the great potential of the ASEAN region. Hence it is of great importance for developers, investors and technical contractors to put in place a sustainable, profitable power storage model as soon as possible.

Speaking of Unisun Energy Group's plans for next year, the entrepreneurial leader said that affluent solar radiation resources and new favorable policies in many markets across Southeast Asia have opened up broad market prospects for photovoltaic development in the region. As one of the world's leading green energy enterprises, Unisun Energy Group has abundant project experience in investment, construction, operation and maintenance in international markets. They plan to deepen their penetration into the Southeast Asian market and are in the process of developing the corresponding strategy and roadmap in order to do so.

SOURCE Unisun Energy Group