What will ASEAN's Energy Future look like?

ASEAN’s power generation is expected to make a substantial shift towards renewable energy, particularly solar and wind, with the RAS and CNS leading this transition. Energy storage technologies, including Battery Energy Storage Systems, will play a critical role in stabilising the grid and supporting the ASEAN Power Grid.

Why is the ASEAN region investing in wind energy?

The ASEAN region is increasingly prioritizing wind energy investments, with countries like Vietnam leading the charge towards sustainable power generation and reduced carbon footprints. The wind energy market involves the generation of electricity from wind turbines, with onshore and offshore installations around the world.

Will solar and wind help ASEAN develop a charging infrastructure?

Solar and wind may lead to new opportunities to further equip ASEAN for the development of such charging infrastructure. In addition to being a cleaner option, solar and wind are getting cheaper worldwide.

What is the growth rate of wind energy in ASEAN?

An annual growth rate of 8.45% is anticipated during the period from 2025 to 2029 (CAGR 2025-2029). The ASEAN region is increasingly prioritizing wind energy investments, with countries like Vietnam leading the charge towards sustainable power generation and reduced carbon footprints.

Are solar and wind the future of ASEAN?

Solar and wind are among the most promising technologies capable of creating new markets, fostering job creations, enabling a just energy transition and ensuring a resilient, energy-secure ASEAN. Strong policy support and government commitments are critical to driving robust action and progress in renewable deployment.

Should ASEAN continue its energy transition?

If ASEAN continues its energy transition at the current pace, it risks missing out on the opportunities provided by the declining costs of wind and solar, now cheaper than fossil fuels. Between 2018 and 2022, 38 GW of renewable energy capacity was added, with about 44% coming from solar capacity growth in Viet Nam.