Southeast Asia’s solar and wind power operating capacity grew just 20% last year

Jakarta – The increase in utility-scale solar and wind power capacity in the Association of Southeast Asian Nations (ASEAN) reached a new high. Data from the Global Solar and Wind Power Trackers shows that ASEAN countries have increased their solar and wind generation capacity by 20 per cent in the last year, surpassing the 28 GW mark.

Vietnam, with 19 GW of capacity, is the leader in utility-scale solar and wind in the region. It is followed by Thailand and the Philippines, which each have 3 GW.

However, according to a recent report from the Global Energy Monitor, challenges in realising the clean energy transition still lurk. Despite promising projects, only a fraction of this capacity is currently under construction at 6 GW or just 3 per cent of the global average. This raises concerns about ASEAN’s ability to achieve its 2025 renewable energy target of 35 per cent.

An additional 10.7 GW of utility-scale projects beyond those already under construction will be required to achieve this target. Nonetheless, ASEAN will likely surpass the goal with 23 GW expected to be operational by 2025.

However, challenges still lie ahead. Lack of progress in breakthrough new projects, a complicated regulatory environment for renewable energy, and continued reliance on fossil fuels may hinder steps towards the desired clean energy transition. (Hartatik)

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