The Southeast Asian solar market is undergoing its most significant transformation since the initial renewable energy boom. Across Vietnam, Thailand, Philippines, and Malaysia, governments have systematically dismantled feed-in tariff (FIT) programs that once guaranteed premium prices for solar-generated electricity. This policy shift, largely completed by 2025-2026, has fundamentally altered the economics of solar installations and, by extension, the demand patterns for mounting systems.
In Vietnam, the era of generous FIT rates officially ended with the introduction of Decree No. 57/2025/ND-CP and Decree No. 58/2025/ND-CP in March 2025. These regulations replaced guaranteed pricing with a competitive auction mechanism and direct power purchase agreements (DPPAs). Despite this change, Vietnam's underlying energy fundamentals remain exceptionally strong—electricity demand is projected to grow between 10.5% and 14.3% annually through 2030, while supply capacity increases at only 7.8%. The Power Development Plan VIII (PDP8) targets 46,459-73,416 MW of total solar capacity by 2030, representing enormous latent demand [2].
Thailand has followed a similar trajectory, terminating FIT subsidies for large-scale solar projects and implementing the Alternative Energy Development Plan (AEDP) 2024-2037. This plan aims for renewables to constitute 51% of total installed capacity by 2037, but achieves this through competitive bidding rather than guaranteed returns. The Philippines has shifted from FIT to net metering and Green Energy Option Program (GEOP) frameworks under its Renewable Energy Act, while Malaysia's NEM 3.0 (Net Energy Metering 3.0) allows excess generation to be sold back to the grid at prevailing market rates [3].

