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.
There is abundant potential for land-based wind and solar PV development in Southeast Asia at a range of generation costs. Under the Moderate Technical Potential Scenario: Potential wind capacity exceeds 1.8 TW (or 3,159 TWh annually) with an LCOE from $42 to $221 USD/MWh.
The average solar PV LCOE in Indonesia decreases from $165 USD/MWh in the Base Discount Rate Scenario to $159 and $113 USD/MWh in the 10% and 6% Discount Rate Scenarios, respectively. Starting from the base assumed discount rate in Indonesia (10.4%), these scenarios represent reduced discount rates.
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