cover image: A Race to the Top: Southeast Asia 2024

20.500.12592/7sqvgzt

A Race to the Top: Southeast Asia 2024

26 Jan 2024

■ In order for ASEAN countries to meet their goal of 35% installed renewable energy capacity by 2025, 17 GW of additional utility-scale solar and wind capacity needs to become operational among ASEAN members in the next two years, yet only 3% (6 GW) of its 220 GW of prospective utility-scale solar and wind is currently in construction. [...] The true impact of Vietnam’s JETP Laos’ prospective utility-scale solar and wind capacity and PDP8 on the development of utility-scale solar and rivals that of Thailand (both exceed 3 GW), despite wind power in Vietnam are yet to be determined, as Laos’ economy being only 2% of the size. [...] A RACE TO THE TOP: SOUTHEAST ASIA 2024 Malaysia The Philippines Malaysia has 1.5 GW of large-scale solar in operation The Philippines has 3 GW of utility-scale solar and and no wind power in operation. [...] Malaysia’s 1.5 GW of operating promote renewable energy in the country are through utility-scale solar contributes 4% of the country’s total its implementation of the Green Energy Auction electrical capacity.7 Malaysia has an additional 2.4 GW Program (GEAP), which started in 2022 and allows of utility-scale solar and wind power in prospective energy developers to bid for specified generation stag. [...] Coal and gas power continues to play a key role in energy Myanmar has 190 MW of utility-scale solar power cur- production in the Philippines, with nearly 60% of rently in operation, with 5 GW of prospective solar and electricity generation in 2022 coming from coal power, wind power in development; over 90% of this prospec- a 75% increase from 2015 to 2021.
Pages
19
Published in
United States of America