Analysis: Emerging Asia’s clean energy projects limp back to normalcy after COVID-stricken year

Published onMarch 5, 2021

Emerging Asia’s clean energy projects are gradually crawling back to normalcy after delays caused by COVID-19-related lockdowns and movement restrictions, and as governments diverted their attention and spending towards economic relief measures and battling the virus. The pace of recovery is slow and COVID-19 has impacted both economic and energy demand growth, while many countries missed their renewable energy targets for 2020 and energy companies reassessed capital expenditure amid the turmoil. Renewable energy project delays began in the first quarter of 2020 due to supply chain disruptions and travel restrictions affecting equipment manufacturers and the workforce, such as solar projects in the Philippines and biomass in Malaysia, Beni Suryadi, manager of power, fossil fuel, alternative energy and storage at ASEAN Centre for Energy, said.

Source: https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/022421-analysis-emerging-asias-clean-energy-projects-limp-back-to-normalcy-after-covid-stricken-year