Trina Solar Sees Huge Market Potential For Solar Energy In Indonesia

Trina Solar Sees Huge Market Potential For Solar Energy In Indonesia

JAKARTA, Indonesia , March 2, 2023 /PRNewswire/ -- Trina Solar , one of the world's leading providers of comprehensive photovoltaic and smart energy solutions, believes that Indonesia has great potential for solar energy and sees the sun as the best source of renewable energy in the world. world. nation. Goals. .

The government has set a renewable energy target of 23% of energy consumption by 2025 and 31% by 2050.

Renewable energies currently represent 11 to 14% of the Indonesian energy mix. But the challenge for Indonesia is that the growth of renewable energy must not only match the growth of energy consumption, but also exceed it with the growth of the population and the economy, so that Indonesia must meet its renewable energy targets.

Indonesia's Energy Transition Prospects, a report released last October by the International Renewable Energy Agency (IRENA) and Indonesia's Ministry of Energy and Mineral Resources, predicted that Indonesia's population would reach 335 million in the next three decades. Electricity demand is expected to grow at least five times by 2050 to reach 1,700 TWh.

The report recommended developing major renewable energy sources such as solar power. Coal still accounts for over 40% of Indonesia's energy mix and over 60% of its electricity. On the other hand, solar energy represents a smaller share of hydroelectric and geothermal energy.

This goes against the global trend. IRENA World will add approximately 257 GW of renewable energy by 2021; 133 gigawatts of solar power. Indonesia's solar power capacity has increased by 14% from 185 MW to 211 MW in 2021, according to IRENA. Indonesia ranks seventh in Southeast Asia in solar energy.

Solar power potential in Southeast Asia by the end of 2021

nation

Solar (MW)

annual growth

1

Vietnam

16,600

0%

2

Thailand

3,049

2%

3

Malaysia

1,787

twenty%

4

Filipinos

1,370

29%

5

Singapore

433

Fifteen%

6

Cambodia

428

36%

7

Indonesia

211

14%

Source: International Renewable Energy Agency (IRENA) Statistical Report on Renewable Energy Potential

Indonesia needs to accelerate the deployment of solar energy to switch to clean energy and reach the target. Solar power is the right choice because it is readily available and can be quickly expanded,” said Elva Wang , Southeast Asia Manager at Trina Solar . It's a big energy market. Solar modules, trackers, etc. are in high demand in our market. And we can meet that by providing state-of-the-art integrated solutions.

Solar modules can be installed quickly on the roof and in the ground. Trina Solar serves all market segments: residential, commercial, industrial (C&I) and utility. Solar power gives homes and C&I businesses the freedom to meet their energy needs, reduce rising electricity prices, switch to renewable energy and fight climate change.

Solar modules are a cost effective solution as they provide a low level of energy cost (LCOE). The output power of the modules has been significantly increased. In 2009, new units averaged 290W, but today's most powerful units are 500W+.

On the one hand, the cost of modules has decreased due to improved manufacturing technology and "economy of scale". Solar has now reached grid parity in many markets; Offer electricity prices lower than those offered on the network.

Indonesia's goal of reaching 23% of Indonesia's energy mix with renewable energy by 2025 must be a solution that is available today and can be deployed quickly. The sun's rays on the surface can extend for several days. Meanwhile, solar farms can be developed faster than other renewable energy sources. High-power, high-efficiency Trina solar modules are already on the market, and Trina solar trackers provide an extra boost to power generation.

The Trina Solar Vertex DE19R, for C&I, uses 210mm long cells, has a maximum output power of 580W and a maximum efficiency of 21.5%.

Trina Solar works with its Indonesian partners, installers and distributors to help businesses get rooftop solar panels. Solar power is attractive to C&I companies because it uses unused rooftop space to generate electricity.

Trina Solar plans to commercialize the new Trina Solar Vertex N NEG19RC.20 in Indonesia for utility projects. This module can also be used for C&I projects.

The Vertex NEG19RC.20 features a low-voltage design that delivers high efficiency and low system cost (BOS). But the new unit has plenty of power thanks to 210 technology.

210mm solar cells are smaller and more powerful than previous solar cells. In addition to 210 technology, the unit also includes other advanced technologies, such as multiple light-absorbing rods. Cells are created using a non-destructive cutting technique. It uses high density packing to increase the surface area of ​​the unit.

The new Vertex N NEG19RC.20 has a maximum output power of 590W and a maximum efficiency of 21.8%. The double glazed unit is available on one or two sides.

As the only module manufacturer , Trina Solar is gaining momentum. Trina Solar manufactures “intelligent trackers”: Vanguard 1P and Vanguard 2P. Designed for convenience, these smart trackers can be deployed in multiple locations while providing maximum stability and ensuring high power output.

A study carried out this year by the University of Surabaya found that Jakarta units can save 21% more electricity than a fixed ramp.

Indonesia ranks seventh in Southeast Asia in terms of installed solar power capacity. The challenge is that Indonesia , to achieve the targets set for 2025 and 2050, must quickly install renewable energies . Trina Solar's high power and efficiency modules, combined with advanced tracking technology, make it one of the fastest and most affordable options. He pledged to help Indonesia achieve its goals.

About Trina Solar (688599.SH)

Founded in 1997, Trina Solar is a comprehensive provider of photovoltaic and smart energy solutions. The Company is engaged in the research and development, manufacture and sale of photovoltaic products; Development of photovoltaic projects, EPC, O&M; Development and sale of smart micro-grids and complementary multi-energy systems, as well as the operation of electricity platforms in the cloud. In 2018, Trina Solar launched its Energy IoT brand, established Trina Energy IoT industry development partnership with leading enterprises and research institutes in China and around the world, and established a new innovation for the energy industry. Through these actions, Trina Solar is committed to working with its partners to build an energy IoT ecosystem and develop an innovative platform to explore new IoT energies, while striving to be a leader in smart energy. world. In June 2020 , Trina Solar was listed on the STAR market of the Shanghai Stock Exchange.

For more information, visit www.trinasolar.com.

Source: Trina Solar Energy Development Pte. SL

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