APAC

Asia continued to drive coal demand growth.

The country added nearly 24 GW of hydropower in 2022.

The region has a total installed hydropower capacity of 164 GW.

These challenges include supply shortages, monopolisation, and geopolitical concerns.

Fossil fuel exit is still a steep climb as Asian markets need to rely on coal power at least in the short run for energy security.

Renewables and nuclear account for 39% of global electricity generation.

As the demand for clean and sustainable energy rises, legacy systems no longer possess the agility and flexibility required to meet evolving customer needs and sustainability targets.

The G7’s push for faster decarbonisation includes ending subsidies for coal power, and supporting cleaner energy technologies.

Solar PV capacity growth dominated the non-hydropower renewables sector. 

Rystad Energy noted this is a ten-fold increase compared to current annual additions. 

This will fund the replacement of ‘inefficient” coal-fired combined heat and power plant. 

Industry leaders joined Asian Power’s webinar and analysed the implications of Corporate PPAs and pandemic disruptions on the energy sector.

The Asian Water Awards celebrates groundbreaking innovations in water management throughout Asia.

The total project cost US$29m. 

Join Asian Power Magazine's webinar to explore the benefits and challenges in Corporate Power Purchase Agreements and learn more about the shifting fuel market landscape.

This is equal to the total power output of China and the US.