What is the potential for solar PV in ASEAN?

The potential for solar PV at sites with an LCOE of less than US$150/MWh has been estimated to exceed 30 TW (Lee et al., 2019). This is about 130 times ASEAN’s total installed generation capacity (234 GW) as of 2017 (ASEAN Centre for Energy, 2020).

Does ASEAN need energy storage?

The ASEAN energy storage landscape is undergoing a significant transformation driven by the region's ambitious renewable energy goals and growing energy demands. The ASEAN Centre for Energy (ACE) projects the region's total final energy consumption to increase by 146% by 2040, highlighting the urgent need for robust energy storage systems.

How is ASEAN transforming its energy landscape?

The ASEAN region is witnessing a significant transformation in its energy landscape, driven by ambitious renewable energy storage targets and the need for grid modernization.

Should ASEAN have a power grid?

The idea for an Asean power grid traces back to 1997, under the Asean Vision 2020 blueprint. The bloc’s members identified the interconnections of the national electricity networks as a way to strengthen energy security and economic integration. But it has been slow to take off.

Is ASEAN the future of energy?

Asean is expected to account for 25 per cent of global energy demand growth over the next decade, according to the International Energy Agency. By 2050, the region’s energy demand is set to overtake the European Union. For importers like Singapore, the APG offers not just energy security, but a pathway to net zero by 2050.

What does equator mean for the ASEAN Power Grid?

Equator is part of a growing number of private sector players jumping into projects related to the Asean Power Grid (APG) – the bloc’s effort to link up its 10 members’ power systems by 2045. An exclusive weekly report on the latest environmental, social and governance issues.