Southeast Asian solar’s bright future
Ibrahim Ariffin and JP Grayda, from Afry Management Consulting, examine two promising Association of Southeast Asian Nations (ASEAN) markets, the Philippines and Malaysia, and the challenges they face as they strive to hit renewable energy targets. The long-term outlook is broadly positive, despite some uncertainties.
Achieving ASEAN’s aim of having 35% of its energy mix comprise renewable energy capacity by 2025 will require substantial effort. Renewables growth in Malaysia and the Philippines helped ASEAN to reach 32% at the end of 2023 and continued development in both countries will be crucial for the region to meet and exceed its goals.Malaysian …
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