Fourth Partner Energy’s International Operations


Eye On South & Southeast Asia


Fourth Partner Energy commenced International operations in FY20. Our value proposition to the customer across these geographies remains the same: low-Cost, low-Carbon electricity solutions to help businesses accelerate their Sustainability goals.

As per the Climatescope report, India ranked 2nd among the emerging leaders for the transition to clean energy. Fourth Partner Energy is India’s #1 ranked Solar Energy Company for Commercial and Industrial businesses – we bring this execution expertise and operational excellence to key geographies that have set aggressive RE targets across South and Southeast Asia.

Our focus also is on global brands with a commitment to a Net-zero supply chain - many companies have their procurement and manufacturing facilities in these emerging markets: Fourth Partner Energy is keen to work with them in their Decarbonization mission.


INDONESIA




Generation Stats Value UOM
Total Power Generation Capacity 61,130 MW
Total RE Power Generation Capacity 7,947 MW
Total Installed Solar 207 MWp
Installed Rooftop 81 MWp
Installed Utility 126 MWp
Solar Target 6,500 MWp by 2025
Regulatory Framework Rooftop
Net metering Yes, with 100% offset
PPA with C&I allowed Not for PLN consumers
Operating lease model yes
PPA with Discom No, only roof owner

Potential


Indonesia has on average 3.5-4 peak sunlight hours a day, with solar irradiation of 4.5 kWh/m2. While irradiation is quite uniform around the country, the highest intensity is near the southern part.

Power prices see an annual increase of almost 4%, providing ample opportunity for Solar to compete with conventional sources.

Current electricity prices from diesel or furnace oil-based plants cost around US$ 17-21 cents/kWh.

Grid tariffs range from US$ 7.2 cents/kWh for Industries.

Market Opportunity


Rooftop Solar: Adoption of solar rooftops has been slow for the 2nd biggest exporter of coal due to insufficient policy support. But this has seen a positive change in net metering policy. The new net metering policy supports 100% banking for the power injected into the grid. This means consumers can enjoy savings of about 15-20% over the grid tariff.

Off grid solar with battery storage: Major industries include food processing, textiles, shoes, machine-building, mining, coal, steel; cement, chemical fertilizer, glass, tires and electronics manufacturing – all of which can benefit tremendously from this model.


SRI LANKA




Generation Stats Value UOM
Total Power Generation Capacity 4270 MW
Total RE Power Generation Capacity 2100 MW
Total Installed Solar 450 MWp
Installed Rooftop 300 MWp
Installed Utility 150 MWp
Solar Target 1000 MWp by 2037
Regulatory Framework Rooftop
FiT Yes Net Plus
PPA with C&I allowed No
Roof Lease Agreement Yes, for sale to CEB
PPA with Discom No

Potential


Sri Lanka has on average 4-4.5 peak sunlight hours a day, with solar irradiation of 5 kWh/m2. Irradiation is highest near the coastal areas.

Electricity prices see an increase of almost 4-6% every 2-3 years, providing ample opportunity for Solar to compete with conventional sources.

Grid tariffs range from 15.48-16.70 LKR/kWh for Industries. Solar feed-in tariff-22.41 LKR/kWh (for years 1 to 7) & 15.89 LKR/kWh (for years 8 to 20).

Market Opportunity


Rooftop Solar: The Sri Lankan government has been promoting solar rooftop projects for the industrial sector via a Net plus metering policy - wherein the entire solar power is sold to the grid. Fourth Partner Energy has executed multiple OPEX projects, delivering 15-20% cost savings to the client. The company has a healthy pipeline of around 200 MW for Institutional development and is in the process of executing a 29 MW sale to DISCOM project.

Industrial Ecosystem: Major industrial sectors in Sri Lanka are food processing, petroleum refining, construction, telecommunications, insurance, banking, textiles and apparel, cement, agriculture and shipping.


VIETNAM




Generation Stats Value UOM
Total Power Generation Capacity 69,094 MW
Total RE Power Generation Capacity 26,256 MW
Total Installed Solar 16,600 MWp
Installed Rooftop 9,580 MWp
Installed Utility 5,500 MWp
Solar Target 12,000 MWp by 2030
Regulatory Framework Rooftop
FiT Yes
PPA with C&I allowed Yes
Operating lease model Not required
PPA with Discom Yes

Potential


Vietnam has on average 4-4.5 peak sunlight hours a day in South Vietnam and on average 3-3.5 peak sunlight hours in North Vietnam, with irradiation of 5 kWh/m2 per day.

Electricity prices see an increase of almost 7-10% every 2-3 years, providing ample opportunity for Solar to compete with conventional sources.

Current electricity prices from diesel or furnace oil-based plants cost around 3800-4750 Dong/kWh.

Grid tariffs range from 1850-2050 Dong/kWh for Industries.

Market Opportunity


Rooftop Solar: Vietnam solar market has registered rapid growth due to very generous government policies. Currently the market is going through a change from a Feed-in tariff to self-consumption. OPEX solar tariffs are about 10-20% lower than grid tariffs.

Industrial Ecosystem: Major industries include food processing, textiles, shoes, machine-building; mining, coal, steel; cement, chemical fertilizer, glass, tires and electronics manufacturing.


BANGLADESH




Generation Stats Value UOM/Remarks
Total Power Generation Capacity 24,000 MW
Total RE Power Generation Capacity 766 MW
Total Installed Solar 542.01 MWp
Installed Rooftop (On-grid) 28.23 MWp
Installed Rooftop (Off-grid) 15.48 MWp
SHS & Other Solar Applications 343.30 MW
Installed Utility 155.00 MW
Solar Target 6000 MWp by 2041
Regulatory Framework Rooftop
Net metering 70% of sanctioned load maximum upto 10 MW
PPA with C&I allowed Yes
Operating lease model Not required
PPA with Discom Yes

Potential


Bangladesh has on average 3.5-4.5 peak sunlight hours a day with an average irradiation of 5 kWh/m2. Southern Bangladesh receives irradiation of maximum intensity.

Increasing electricity prices in Bangladesh provides an opportunity for Solar to compete with conventional sources. Current electricity prices from diesel or furnace oil-based plants cost around Tk 14-18/kWh (US$ 17-21 cents/kWh). Grid tariffs range from 7.5-9 taka/kWh for Industries.

Market Opportunity


Mini-Grids:The IDCOL regulates mini-grids in Bangladesh through an implementation agreement. These mini-grids can be set up by private developers and are exempt from obtaining licensing for energy sale if the power produced does not exceed 5 MW.