APAC's renewable capacity

They will collaborate on technical and regulation areas, amongst others.

The projects under the S$6m grant which opened for proposals last year.

Electricity costs from wind and solar power declined in 2021.

China dominates the global supply chain of solar PV.

It accounts for over 80% of the manufacturing stages of solar panels.

This is expected to generate some 23.9GWh of clean energy annually.

Asia will be the key growth driver, accounting for 55% global generation growth.

Asia is expected to generate 831TWh of gas-fired power over the decade.

It is expected to reach 7,661TWh in 2031.

Mainland China, India, and Japan are amongst the five entities that account for 77% of the world’s renewables.

The country added 121GW to the region’s new capacity, IRENA data showed.

Of this, 64GW will come from China.

India would account for almost 40% of the capacity expansion.