The LCOE for wind and solar PV varies significantly across the ASEAN member states. The existence of high-quality wind and solar energy resources plays a significant role in the estimated cost per unit of generation. Solar PV and wind LCOEs range from $64 to $246 USD/MWh and from $42 to $221 USD/MWh, respectively, across the region.
Figure 7 shows that the total potential cumulative installed capacity from solar PV available across all Southeast Asia for an LCOE equal to or less than $246 USD/MWh—corresponding to a minimum capacity factor of 10% in the region—is approximately 42 TW (Moderate Technical Potential Scenario).
The results of this analysis show there is abundant potential for utility-scale, land-based wind and solar PV development in the ASEAN member states at a range of generation costs.
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