ASEAN’s renewable energy challenges

Published onDecember 11, 2019

The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 as energy demand in the region is expected to grow by 50 percent. According to the International Renewable Energy Agency (IRENA), this objective entails a “two-and-a-half-fold increase in the modern renewable energy share compared to 2014.” With the rapidly declining cost of renewable energy generation via such methods as wind and solar photovoltaic (PV), the Southeast Asian region has been presented with a golden opportunity to meet its immense electricity demand in a cost-effective and sustainable manner.  A Southeast Asia Energy Outlook report states that through this, local manufacturing industries will also be able to grow.

Source: https://theaseanpost.com/article/aseans-renewable-energy-challenges