, APAC

Asia coalition launched to accelerate clean energy procurement

ACEC’s vision includes clean energy’s accessibility and affordability in the region by 2030.

The Asia Clean Energy Coalition was launched to speed up corporate clean energy procurement in the region.

In a statement, the Global Wind Energy Council (GWEC) said the coalition “seeks to align the world’s leading clean energy buyers, project developers and financiers, to help policymakers, utilities and energy regulators innovate and deploy cost-effective clean technologies across the Asia-Pacific region.”

The coalition also envisions that clean energy is accessible, affordable, and accountable at scale to Asia’s markets by 2030, with effective procurement frameworks, regulation and investments.

ACEC is founded by the Climate Group, GWED, and the World Resources Institute.

Other founder members include  Amazon (AWS), Apple, Cisco, Enel Green Power, Google, Iberdrola, Ingka Group (Largest IKEA franchisee), Mainstream Renewable Power, Meta, MUFG, Nike, Ørsted, Samsung Electronics and Sembcorp.

GWEC noted that clean energy investment in the Asia Pacific is expected to reach $1.3t by 2030, doubling from the previous decade.

It added that the region’s power system relies heavily on coal, gas, and other fossil fuels, with Southeast Asia’s solar and wind power share in the energy mix, only scaling up to 11% by 2030 under the current ASEAN policy settings. This is far below the region’s potential and insufficient to reach global and national decarbonisation goals.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.
What can fix renewable energy’s intermittency?
Solar and wind power are not reliable enough to meet Southeast Asia’s issue on power demand, Enlit Asia’s invitees said.