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Southeast Asia is, in terms of electricity demand, one of the fastest-growing regions in the world. Driven by the growing ownership of household appliances and air conditioners, as well as increasing consumption of goods and services, demand has grown by more than 6% annually over the past 20 years on average. Of the region’s ten countries, the four largest by electricity consumption, Indonesia (26%), Viet Nam (22%), Thailand (19%) and Malaysia (15%), make up more than 80% of total demand in the region.

Southeast Asia is one of the few regions of the world where coal-fired generation has been expanding, with close to 20 GW of new coal-fired generating capacity under construction, mostly in Indonesia (a major coal producer), Viet Nam and the Philippines. Significantly more capacity is at the pre-construction stage, but some plans are being reconsidered and greater emphasis is being placed on natural gas as well as the expansion of renewables. One example of this is the Philippines, which at the IEA System Integration of Renewables Ministerial Conference, held on 27 October 2020, announced a moratorium on new coal-fired power generation.

The ASEAN community has put forward an ambitious project of regional development in order to support economic growth and the integration of higher shares of renewable energy. ASEAN as a region has a target of integrating 23% renewable energy by 2025.

By supporting and pledging funds to the ‘Power Asis’ fund we can accelerate the move to renewable energy and NetZero target by a significant number of years.  Make a pledge to the project today.