Tag: southeast asia

SUSI Partners to construct renewable assets in South-East Asia

SUSI Partners, a Swiss investment firm, has launched a renewable energy platform to develop renewable energy assets in South-East Asia through its Asia Energy Transition Fund (SAETF). The platform will focus on constructing, developing, and operating utility-scale wind, hydro, and solar photovoltaic (PV) assets. In partnership with local developer Pacific Impact, SUSI’s platform will develop the projects in the South-East Asian markets of the Philippines, Vietnam, Indonesia, Cambodia, and others.

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Renewable Energy Auctions in Southeast Asia: Report

Renewable energy auctions have become a popular instrument for the deployment of renewables around the world, and Southeast Asia is no exception. Within the region, however, countries have different contexts and starting points, and auction design elements and outcomes have varied greatly. Experience in Southeast Asia shows that the success of auctions greatly depends on clear, transparent and accessible information regarding auction documentation and bidding procedures.

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ASEAN RE-Gender Roadmap: Report

ASEAN is developing this regional roadmap in order to incorporate a gender-responsive approach specifically relating to RE policymakers.  This roadmap aims to chart a pathway which weaves women’s potential contributions into ASEAN’s emerging renewables market, creating a positive snowball effect which promotes gender equity, accelerates climate mitigation efforts and bolsters RE investments.

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Greater Scope for Renewables in ASEAN

Solar and wind generated only 4% of the ASEAN 5’s electricity last year, lagging behind peers like China (11%) and India (8%). Among the ASEAN 5, only Viet Nam (11%) exceeds the world average in solar and wind, which generated 10% of global electricity for the first time in 2021. The rest is still below 5%. The vast potential of clean energy in the ASEAN 5 is unfortunately not reflected in its latest 2030 plans.

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Southeast Asia’s Green Economy 2022 Report

Southeast Asia (SEA) is at an inflection point for climate change in 2022 as the region works to translate climate commitments to tangible action. In recent years, parallel momentum across the public and private sectors has resulted in promising developments. COP26 raised the region’s climate ambitions (8 of 10 countries now have a net-zero target), and Singapore and Indonesia piloted carbon taxes.

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Mapping the Growth: Potential and Market Expansion of Electric Buses in ASEAN

The growing need to reduce reliance on conventional energy sources, mitigate GHG emissions and control pollution levels are the primary drivers of the Southeast Asian electric bus market. Growing public awareness of the nexus between climate change, pollution and personal consumption has resulted in a surge in demand for green transportation solutions, including electrified public transportation such as e-buses.

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Carbon Capture in the Southeast Asian Market

In recent years, Carbon Capture Utilization and Storage (CCUS) discussions have gained traction in Southeast Asia (SEA). With the technology-intensive nature of CCUS, several countries could provide reference points for the CCUS potential in Asia: China, Japan, and South Korea. All three countries have a long history of technology leadership and energy investments in the region. Their experiences with CCUS can provide a glimpse into the future path of CCUS in SEA.

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Concerted Efforts: Sustainable hydropower development in the Mekong river basin

The MRC Council recently approved the Sustainable Hydropower Development Strategy 2021 for the LMB, one of the key deliverables of the previous Basin Development Strategy and the MRC Strategic Plan 2016- 2020, to address the sustainability of hydropower developments. The strategy represents a significant step forward in moving the basin towards optimal, safe and responsible outcomes that address interdependencies between environmental protection and water, food and hydropower production.

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Increasing Uptake: Southeast Asia on the verge of an EV surge

The interest in electric vehicles (EVs) in the Association of Southeast Asian Nations (ASEAN) has increased over the years. According to the ASEAN Automotive Federation, the total number of vehicle sales in ASEAN member states stood at 2.45 million in 2020. This number is expected to increase with population growth and economic development. EV uptake is also expected to be fuelled by growing pollution concerns and the need to switch to cleaner and environment-friendly modes of transport.

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Risen Energy to develop $7 billion solar power factory in Mongolia

Risen Energy Co., a Chinese PV manufacturer, is set to develop a $7 billion integrated solar power factory in Inner Mongolia that will run on renewable energy. According to a filing with the Shenzhen stock exchange on December 27, 2021, the project will produce materials across the supply chain, from industrial silicon to finished solar modules.

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Driving the Energy Transition in ASEAN

The policy brief “Innovations to Drive the Energy Transition in the ASEAN Region” has been prepared by Suwanto, Monika Merdekawati, Gabriella Ienanto, and Beni Suryadi and published on ASEAN Centre for Energy. Several key actions relating to innovations to accelerate the energy transition in ASEAN are presented here, focusing on enhancing policy tools and processes, both technological and financial.

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Strong Upside Risks For Renewables Growth In Taiwan Following Referendum

Taiwan’s wind and solar power capacity will continue to grow in the coming decade, with favourable referendum results for a nuclear phase-out and a liquified natural gas (LNG) terminal relocation to pose a further upside risk. Taiwan has set in place a pipeline of solar and wind power projects, signifying the government’s commitment to their renewable power targets.

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Sunny days ahead: Southeast Asia’s solar market is poised for strong growth

Important solar markets in the region with large installed solar capacities after Vietnam are Thailand, Malaysia, and the Philippines with 2,988 MW, 1,493 MW and 1,048 MW of installed capacities respectively. In addition, Singapore (329 MW) and Indonesia (172 MW) are emerging as other attractive destinations for solar investments with many large and small projects under development.

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Greening Southeast Asia’s Economy

A new narrative has emerged around climate action and global actors are responding. SEA is gaining importance as a critical piece of the global Net Zero solution. There is renewed recognition of the untapped potential of SEA’s natural capital as carbon sinks, and MNCs who have committed to Net Zero recognize they cannot deliver their climate goals without supporting change in SEA across their local supply chains. Put simply, the world cannot achieve Net Zero without SEA coming along on the journey.

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RENdez-vous Southeast Asia: RE-Imagining Renewable Energy Futures for Southeast Asia

Southeast Asia has huge, untapped potential to be a leader in renewable energy. Currently, however, economies in the region are heavily dependent on fossil fuels to meet their energy demand. This was the second of a 3-part series of RENdez-vous for Southeast Asia by REN21. Participants and thematic experts discussed and re-imagined what futures may look like for renewable energy in Southeast Asia.

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Indian Energy Exchange announces cross-border electricity trade across South Asia

The Indian Energy Exchange (IEX) has introduced cross-border electricity trade (CBET) on its platform. The initiative is a step towards building an integrated South Asian regional power market. Nepal was the first country to avail the benefit of buying day ahead power from the power exchange through NVVN Limited. It was also reported that increased efforts will be made to improve power trade in Bhutan and Myanmar in the future

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PNE AG to develop 2 GW offshore wind farm in Vietnam

German renewable energy group, PNE AG announced its plans to develop a 2-GW offshore wind farm in the waters of the Phu Cat and Phu Dinh districts, in the Central Vietnamese province of Vietnam. The announcement was made at a working group meeting between the German company and the authorities of the province. An estimated investment of $4.8 billion will be required for the project as the company aims to install 154-166 wind turbines in the province.

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