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Southeast Asia is one of the most vulnerable regions to climate change. The region’s long coastlines and low-lying areas make the region vulnerable to weather extremes and rising sea levels impacting over 600 million people.  ASEAN countries collectively have one of the fastest-growing economies in the world and have seen very rapid recent electricity demand growth of 22% per year between 2015 and 2021. As the region countries have rolled out plans to achieve net zero targets, solar and wind energy capacity is going to increase significantly in the coming decade. 

According to Global Energy Monitor (GEM) report, Solar and wind capacity in the ASEAN region increased by 20% in 2023, bringing the total to more than 28 gigawatts (GW). An even larger 220GW pipeline of new utility-scale wind and solar capacity has been announced, or entered pre-construction or construction stages, according to GEM’s analysis, though only 6GW of this is currently being built.

The new challenge is how to tackle challenges posed by RE's intermittency and interuptions as a result of extreme whether? How to finance RE projects in the region and what are the business models of RE+BESS? How micro-grid technologies are going to scale up and being financed to support off-grid citizens? etc. 

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