goodwe september

BayWa r.e. Is A Leading Global Renewable Energy Developer, Service Provider, Distributor And Energy Solutions Provider: Moin Eusof, Engineering Team Lead, BayWa r.e. (Thailand) Co., Ltd.

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Moin Eusof - Engineering Team Lead, BayWa r.e. (Thailand) Co., Ltd.

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CONVERSATION HIGHLIGHTS:

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-To date, we have successfully brought over 4.6 GW of renewable energy projects online, while managing over 10 GW of assets.
-The share of generation from Solar is also expected to early triple by the end of this decade.
-We will also see the beginning of the widespread deployment of utility-scale Energy Storage Systems.

Let’s begin with a glimpse of your company’s presence and offerings? 

BayWa r.e. is a leading global renewable energy developer, service provider, distributor, and energy solutions provider. We are currently active in 29 countries, with a presence in several major cities across North America, Europe, Africa, and the Asia Pacific. We deliver end-to-end project solutions, and ongoing operations management and are an Independent Power Producer with an expanding energy trading business. To date, we have successfully brought over 4.6 GW of renewable energy projects online, while managing over 10 GW of assets. 

We are headquartered in Munich, and while we have been a major market leader in Europe, we started our Southeast Asian journey in 2016 with the opening of our first regional office in Bangkok. Since then, we have successfully completed several solar projects in both large-scale utility and C&I spaces in the region. We have built our Solar Distribution business in South East Asia and Australia during this time and have also established local offices and warehouses throughout the APAC Region.

What do you think about the solar sector in South East Asia Region? In your view what is needed to strengthen the growth of the solar sector in the same region?

Asia is a renewable energy powerhouse. While China and India will be dominant in the number of GW installed over the next few decades, Southeast Asia will be a key contributor to the energy transition process and the growth of the solar industry in Southeast Asia has been remarkable. The region is not only blessed with geographical advantage and abundant solar irradiation, but power demand in Southeast Asia is also expected to contribute to a significant portion of Asia Pacific’s overall power demand by 2040. Proportionally with the growth, the share of generation from Solar is also expected to nearly triple by the end of this decade. 

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While this all sounds great, this is also based on some level of optimism. To stimulate the growth of the solar sector in this region we will need to see a stronger commitment from the governments, and the introduction or adjustments of new/existing market policies and incentives. A stable regulatory framework is essential for the growth of the solar sector. A good example is Indonesia, where the massive potential for Solar has been largely untapped to date while having more than a quarter of the region’s energy demand. On the other hand, Malaysia has done fairly well with supportive government policies like net metering, and the Large Scale Solar (LSS) initiatives which has been successfully running for about 5 years now. In addition, lengthy and unclear development processes often hinder project implementation and still need to be streamlined in many ASEAN countries.

The solar sector is constantly evolving with time. Is there anything that you are looking forward to in the next few years? 

I believe innovation is the heart and soul of this sector and is what I look forward to the most. When I first started out in the industry, we were building projects with 75Wp thin film and 245Wp polycrystalline panels. Both these technologies have come a long way since then. In just over a decade, we have seen significant development in panel technologies, an increase in component design life, and the introduction of bi-facial modules which is a game changer, especially when combined with tracking systems and more efficient inverter technologies – pushing LCOE down to new levels. All this has been possible for demand and competition in the market. There are also AI-based design, tracking, forecasting, and control algorithms in development, some of which we are involved in. We will also see the beginning of widespread deployment of utility scale Energy Storage Systems, and I am excited to see what the next few years have in store for us from a technology standpoint.

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A word about your recent successful contributions to this industry? What has been your biggest challenge so far?

Since our establishment in the region, we have successfully won three projects in the LSS tenders in Malaysia, two of which are already completed and now operational, and another one under execution. Our Energy Solutions team has also been very successful in the C&I space in Malaysia, Vietnam, Singapore, and Indonesia and is currently developing projects in several other countries in Southeast Asia. Beyond that, we have been very successful and completed several projects in Japan, Korea, and Australia’s utility solar sector.

BayWa r.e. is also a pioneer and leader in the FPV sector, especially in Europe, where we have built more than 200MW of projects. Earlier this year we reached COD of our first FPV project in Thailand, which is a small but significant milestone for us. Apart from that, we are also a pioneer in the Agri-PV sector globally and looking at deploying pilot projects in the region here soon.

The biggest challenges vary by region and country, and they are always different. However, the recent supply chain crisis has been difficult for the whole industry, with delivery delays and component price increases hurting the sector severely. We do expect the situation to gradually improve now.

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Lastly, how do you see the solar sector progressing in the South East Asia market in the next 5 years?

I hope the growth and momentum of solar in this region will continue to accelerate, with immense potential from both utility-scale and C&I solar markets here. The commitments made by several countries in the Paris Agreement and COP26 are also creating a positive momentum, but much needs to be done by the governments to pave way for investors and developers to realize these targets. Additionally, we are likely to start seeing deployment of utility-scale Energy Storage Systems in many of these countries, along with several new policy introductions in the coming days as the sector develops further. The manufacturing industry alone will require tens of GW of power fueled by rising energy costs and GHG emissions commitments which are often handed down to local suppliers and manufacturers by overseas companies. It is clear that we will see recovery and increased demand in this region for Solar as the economies are opening up now, only time can confirm however how much the pace will be.

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