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1\Government support:
Many ASEAN countries have launched initiatives to promote the use of solar energy and reduce dependence on fossil fuels. For instance, the Philippines has set a target of installing 13 gigawatts (GW) of solar power by 2030, while Indonesia has a goal of generating 23% of its electricity from renewable sources by 2025.
2\High solar radiation:
ASEAN countries are located near the equator and receive abundant sunlight throughout the year. This makes them ideal for solar PV installations, which can generate significant amounts of electricity at a lower cost than fossil fuel-based power generation.
3\Increasing electricity demand:
As ASEAN economies continue to grow, so does their demand for electricity. Solar PV and energy storage systems can help meet this demand while reducing greenhouse gas emissions and air pollution.
4\Cost competitiveness:
The cost of solar PV panels and energy storage systems has decreased significantly in recent years, making them more affordable and attractive to consumers and businesses alike.
5\Diverse applications:
Solar PV and energy storage systems can be used in a wide range of applications, from residential and commercial buildings to off-grid and remote areas. This provides opportunities for companies to cater to different market segments and customer needs.
