Renewable energy around the world: opportunities in Asia Pacific

At the present time, US and China are the highest manufacturer of renewable energy. China has five-year aspect for supplementary wind and solar installation making them ahead than US. India and Brazil have also been increasing their global positions with having plenty of natural resources and concerned governments. Specifically, the government of India has been powerfully behind transformation to renewable energy production, with challenging goals and huge amount of money, people, or water that moves for foreign investment.

When it comes to renewable energy in Asia Pacific, China has the powerful market, moving from first to second position globally in the latest EY Renewable Industry quality index. Since 2010, China has had the largest installed onshore wind magnitude around the globe, with an overall 115.6GW installed. But he substandard grid planning and wind information control in earlier years have showed that many wind projects don’t produce at planned degrees, if at all, either due to the absence of grid connections or absence of appropriate wind.

Solar has become more and more well-known in Asia Pacific for more than the last five years. Solar will sustain its development throughout south East Asia on the condition PV prices continue to remain competitive. Taking into account their vicinity to the equator, wind will not be an important supporter to countries in South East Asia but will remain to play a vital role in North Asia. Hydro will continue to operate the installed magnitude of renewable energy specifically in Laos, Myanmar and China, in spite the fact that environmental challenges and associated funding restrictions will lead huge hydro projects to a big trouble.

J. Yeap