Indonesian solar power giant, SUN Energy (Surya Utama Nuansa), is set to increase the company’s portfolio in Southeast Asia.
This move comes as the demand for solar power continues rising in Southeast Asia while costs begin falling.
The company has set a goal to increase its portfolio by 11-fold from 180 MWp (megawatts peak) to 2 GWp (gigawatts peak) by 2025.
SUN currently operates in Indonesia, Vietnam, Thailand, and Taiwan.
The company’s COO, Philip Lee, is optimistic with the global trend to shift towards renewable energy.
“The wave of renewable energy is here to stay. People are expecting [the wave] because it has happened in the US, Myanmar, Singapore, even Cambodia”Lee said.