The minimum LCOE in the region is $64 USD/MWh, and the median LCOE for the region is $111 USD/MWh. The ranges in this supply curve correspond to the colors mapped across Southeast Asia in Figure 6. Figure 7. Solar PV supply curve for Southeast Asia—Moderate Technical Potential Scenario.
Thanks to new data, this edition includes entries such as ICA Solar and United Renewable Energy (URE), reflecting the evolving landscape of PV manufacturing in the region. Despite strong ambitions, PV module manufacturing in Southeast Asian is currently under pressure.
Near-term LCOE results range from approximately $75 USD/MWh in regions close to the capital, Phnom Penh, to approximately $105 USD/MWh along the western coast. The average cost of generation within 20 km for solar PV in this scenario is $86.7 USD/MWh.
The existence of high-quality solar and wind energy resources plays a significant role in the estimated cost per unit of generation. For the Moderate Technical Potential Scenario, solar PV LCOEs range from $64 to $246 USD/MWh, with an estimated 42 TW of cumulative potential capacity available within this LCOE range for solar PV.
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