News

Power Utility

Staff Reporter

, APAC

Published:

11 months ago

Photo by Pok Rie: https://www.pexels.com/photo/three-black-metal-electricity-posts-during-golden-hour-171428/

Renewables lead APAC power project pipeline

Around 250 projects were added to the pipeline in the fourth quarter of 2023.

Renewable energy projects will lead the power project pipeline in the Asia Pacific as markets accelerate power projects due to the expected demand growth, according to a report by BMI.

BMI noted that 250 projects were in its Key Projects Database in the fourth quarter of 2023, of which 98 are in the construction phase and 86 have started operations in the last three months.

Solar power dominated the pipeline, comprising about 80% of the new projects. It also accounted for around 20% of all power generation projects in development.

ALSO READ: Renewables save $520b in fuel cost for the power sector

“We believe that in support of electrification plans and anticipation of growing power demands, markets have responded by increasing opportunities for power projects,” the report read.

“This mainly takes the form of government tenders and auctions to release or repurpose land areas for the development of power projects,” it added.

Follow the link for more news on

Fitch Solutions

Also Read

What is the future of gas in Australia's energy market?

Vietnam’s weak grid a barrier to direct power purchase policy

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!

I want to download the media kit