Analysis

Without banking power, the business model of solar power becomes unviable.

India and Vietnam are projected to increase their wind capacity to 43GW and 13GW, respectively, by 2030. 

IEEFA worries that the growth is sluggish with only a 1.8GW annual additional capacity.

Vietnam should craft incentives to carry out cost-competitive renewables, argues IEEFA.

Thailand has installed a renewable energy capacity of more than 15 GW.

China’s largest carbon emitter, the steel industry, smokes 15% of total carbon emissions 

The rapid decline in renewable costs brings forward competition between renewables and fossil fuels.

The region procured 10.9GW of cumulative capacity in H1 2021.

This is due to increased prices of steel, copper, aluminium, fibre, and logistics. 

LNG imports fill the gap as domestic gas production stalled.