APAC

Consumption is set to rise by 140bcm between 2022 and 2025.

A total of 27 of the 31 reactors constructed since 2017 were Russian or Chinese design. 

This leads to an increase in the LCOE to $0.071 per kWh from $0.049.

The deadline for entries is on 05 August 2022.

Pinsent Masons Senior Advisor John Yeap noted that advancing technologies and the rollout of focused regulatory programmes will offer capacity for renewable energy (RE) to be tapped despite constraints.

Global recoverable oil is estimated at 1.57 trillion barrels, 9% down from last year.

It accounts for 10% of global electricity generation in 2020.

It is projected to reach nearly 55GW in 2031. 

Key markets in the region are Indonesia, the Philippines, and New Zealand.

China has an 80% share in the total installations last year.

The GWEC marked this as the industry's “best-ever” year.

Deadline for submission of entries is on 23 September 2022.

Around 91% of executives in power companies expect ESG investments to rise. 

The region is more cost attractive compared to North America and Western Europe.

The agencies raised the need for incentives and enhanced policies.

This is largely led by grid-scale deployment.