The remarkable growth of power demand in the Asia Pacific region is expected to drive a $1.8 trillion clean energy opportunity.
- Sep 26, 2022, 9:00 AM CDT
The full costs of renewables—including transmission, battery storage, and gas peaker reserve units—means that clean energy development is “There will be a lot of rewards for developers in Asia Pacific’s renewable energy sector, but risks to investment and expansion are now higher than before the COVID and Ukraine war crises.
However, “Renewable developers are increasingly exposed to risk as supply chain and financing costs rise and grid integration issues worsen,” the analysts said. Apart from rising costs and supply chain issues, there is another factor that could slow renewables growth in the region—the prioritization of energy security in clean energy targets in the wake of the Russian invasion of Ukraine and the subsequent spike in energy prices.
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