APAC

APAC is the fastest-growing market.

APAC is leading adoption.

Geopolitical tensions and the price of fossil fuels are fuelling diversification.

VC funding also decreased in the first six months of the year.

VC funding was also down during the period.

Thanks to the wider adoption of decarbonisation technologies in key industries, amongst others.

Beijing leads with 1,350 million tonnes per annum of proposed capacity.

The new company has a net potential generating capacity of 13 GW.

Only 7 countries outside EU have updated RE targets since COP28 tripling pledge.

In China, coal demand is seen to slightly decline this year.

The addition of over 500 GW of RE prevented the use of fossil fuels worth $57b.

The technology helps improve the predictability of equipment.

Addressing the workforce skills gap is a major energy industry priority by 2030, but we only have a few months left to influence the size and shape of the talent pipeline. 

One city in South Korea also hopes to use this technology to generate electricity.

Interest is increasing in ASEAN.

Asia continued to lead in clean power capacity.