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Big policy moves turn spotlight on South-east Asia’s renewables in H2 2023

Anita Gabriel

Anita Gabriel

Published Mon, Jul 3, 2023 · 05:00 AM
    • The renewables penetration in Asean has been driven by supportive regulation and tariff policies.
    • Dale Hardcastle, expert partner and director of Global Sustainability Innovation Center at Bain & Company.
    • Jonathan Tse, Natixis Corporate and Investment Banking’s managing director who covers Asia-Pacific’s energy transition and natural resources.
    • EY’s Asean power and utilities leader Gilles Pascual.
    • The renewables penetration in Asean has been driven by supportive regulation and tariff policies. PHOTO: REUTERS
    • Dale Hardcastle, expert partner and director of Global Sustainability Innovation Center at Bain & Company. PHOTO: BAIN & CO
    • Jonathan Tse, Natixis Corporate and Investment Banking’s managing director who covers Asia-Pacific’s energy transition and natural resources. PHOTO: NATIXIS CORPORATE AND INVESTMENT BANKING
    • EY’s Asean power and utilities leader Gilles Pascual. PHOTO: EY

    SOME weighty policy moves across South-east Asia’s clean energy front, where mostly state-owned or led companies dominate the power sector’s renewables push, are set to dynamise the region’s energy transition efforts.

    Vietnam, which has by far the highest renewables installed capacity in the region with over 45 gigawatts, added more heft to its decarbonisation agenda when it approved a new power masterplan in May. The plan – two years in the making – aims to boost wind and gas energy while cutting coal reliance.

    A month ago, Malaysia said it would lift its ban on renewable energy exports to boost investments in this area. It is also set to release an energy transition roadmap to meet its net-zero ambition.

    Renewable energySolar energyWind energyDecarbonisation

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