Asia Energy Storage Power Supply Procurement

Does APAC need Clean Power Procurement?

While clean power procurement has grown across APAC in recent years, existing policies and market regulations continue to restrict access to affordable clean energy and constrain expansion of renewable energy supply. , said, “Demand for clean power procurement in APAC already far outstrips available supply.

Which renewable procurement options are most impactful in APAC?

Thus, while PPAs are impactful, they remain among the most complex renewable procurement options in APAC. Unbundled RECs (Renewable Energy Credits): RECs offer a flexible, straightforward way to meet clean energy goals in APAC, but face questions regarding real impact. A key issue is additionality.

Can the ASEAN Power Grid help decarbonize Southeast Asia?

In Northeast Asia, both geography and geopolitics makes such efforts more challenging. The realization of the long-awaited ASEAN Power Grid can both accelerate and lower the cost of decarbonization of Southeast Asia, as detailed in this report by Asia Clean Energy Coalition.

Will Asia Pacific become the largest region of clean electricity demand?

Asia Pacific is projected to become the largest region of future clean electricity demand, accounting for 43% of consumption between 2024 and 2030. 61% of new RE100 members since 2020 are from Asia Pacific.

How can Clean Power Procurement help reduce corporate emissions?

Enabling clean power procurement has already become a key source of funding to accelerate deployment of clean electricity and reducing corporations’ emissions. Currently, when a company considers clean power procurement, the most common strategy is to match its annual electricity consumption with purchases of renewable energy.

Why is APAC lagging behind on Clean Power procurement reforms?

APAC’s smaller clean power procurement market size relative to Europe and North America is a reflection of the region lagging behind on power market reforms necessary to enable clean power procurement options. This is set to change in the coming years due to rising demand for clean power procurement across APAC.