Vietnam: Six Ways to Keep Up the Renewable Energy Investment Success

Vietnam is one of the most attractive destinations for renewable energy investment in ASEAN. In 2018, the country attracted USD 5.2 billion. In 2019, the share of renewable energy in the energy mix was 9%, thus already exceeding the 7% target set for 2020. If Vietnam is to continue its success and compete...

Thailand: Improving the Business Climate for Renewable Energy Investment

Thailand er ledende på fornybar energi blant ASEAN-landene. Fra 2006 til 2018 tiltrakk Thailand seg mer enn 10,7 milliarder USD i investeringer i fornybar energi. Landets kapasitet for fornybar energi utgjorde i 2019 over 60% av den totale kapasiteten i ASEAN-området. Fornybare energikilder utgjorde...

Singapore: How to Attract More Investment in Renewable Energy?

Singapore has limited renewable energy potential due to its small surface area and the limited space available. Solar power has the greatest potential. Given the country’s limited spare land, rooftops and vertical spaces on high-rise buildings are of particular importance. Singapore set a target of producing...

The Philippines: How to Leapfrog from a Complicated Renewable Energy Sector to an Attractive One

The Philippines set the target of increasing the share of renewable energy in its energy mix from 16.9% in 2019 to 26.9% by 2030. This ambitious target requires significant additional investment in renewable energy. It has been estimated that the Philippines could attract USD 20 billion in renewable...

Myanmar: How to Become an Attractive Destination for Renewable Energy Investment?

Myanmar is endowed with abundant renewable energy resources, and its solar potential is the greatest in the Greater Mekong Subregion – yet, this potential remains largely untapped. The country’s 50% electrification rate remains the lowest in ASEAN, and the government plans to electrify the entire country...

Malaysia: How to Scale Up Investment in Renewable Energy

Malaysia set a target of 20% renewables in the energy mix by 2025, an 18% increase from the 2% it had in 2018. One of the planned measures is the development of large-scale solar power. To reach the target, it will be necessary to attract a total of USD 8 billion of renewable energy investment during...

Lao PDR: How to Attract More Investment in Small-Scale Renewable Energy?

Lao PDR adopted the Renewable Energy Development Strategy in 2011 and set a target of 30% small-scale renewables in the energy mix by 2025. The country relies heavily on large hydropower in electricity production and is an attractive investment destination for hydropower. At the same time, Lao PDR has...

Indonesia: How to Boost Investment in Renewable Energy

Indonesia, the largest country in Southeast Asia, has considerable renewable energy potential. However, this potential remains largely underexploited. Fossil fuel subsidies are a major obstacle to the deployment of renewable energy on a large scale. Investment in renewable energy is limited compared...

Cambodia: Five Actions to Improve the Business Climate for Renewable Energy Investment

Cambodia has not attracted significant investment in renewable energy until mid-2020 and, unlike other ASEAN countries, has not set exact renewable energy targets. Despite this, the country is viewed as a model to learn from for other ASEAN countries implementing solar power auctions. In order to keep...

Brunei Darussalam: How to Build an Investment Climate for Renewable Energy?

Brunei Darussalam has yet to make major progress in renewable energy and become an attractive destination for investors. Only 0.05% of Brunei’s electricity came from renewable energy sources, while 99.95% was based on fossil fuels. In 2014, the country set a renewable energy target of 10% in the power...