USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
Subscribe to our
NewsView all News
Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies, needs to raise up to $150 billion by 2030 to develop its energy sector. This opens up golden opportunities for the private sector to tap into the growing demand, but several bottlenecks must first be solved.
The Green New Deal has become an incredibly hot item on the political agenda, but to date, it has remained somewhat ill defined. It’s a broad enough concept that everyone can read their aspirations into it, which has been part of its strength, but it has also left discussion in something of a fog, since no one’s quite sure what they’re arguing about.
The 75-megawatt Sidrap Wind Farm in South Sulawesi is the first grid-connected wind farm of any meaningful scale in Indonesia. But does this mean Indonesia is on the cusp of a clean energy revolution? If history is any indication, there is reason to be sceptical.
Backing from institutional investors for renewable energy generation capacity is likely to rise $210 billion over the next five years, with utility-scale PV capturing a 43% slice, according to a new report from Octopus Investments. According to the report, market volatility across all sectors is working to renewables’ benefit, as institutional investors seek to diversify portfolios.