Powering Asia’s Energy Transition: Making the Leap to Renewable Energy Generation

Synopsis

As of January 2024, 85% of Asia-Pacific’s energy consumption needs are met by fossil fuels and 90% of young coal power plants globally are in Asia. Asia’s Energy Transition will require a monumental shift away from coal and gas generation.

• How will policymakers incentivise and facilitate renewable energy transition?
• What opportunities do retiring fossil power plants offer investors, financiers and developers of solar?
• What role will utility-scale ground-mount solar have in Asia’s Energy Transition? What role will floating solar, commercial, industrial solar and residential facilitate?
• What would a higher level of renewable energy penetration in the total energy mix mean for energy prices in the region? How do regional governments plan to balance fossil fuel subsidies, local industrial competitiveness and renewable deployment targets?