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Southeast Asia looks to renewable power for energy security
  + stars: | 2023-10-17 | by ( Audrey Wan | ) www.cnbc.com   time to read: +4 min
As energy demand grows, the region is turning to renewable energy to safeguard its energy security. Most, if not all, Southeast Asian markets have taken strides to announce renewable energy targets and formulate their low-carbon energy transition plans, said Thoo. Other planned developments include an integrated renewable energy zone, five centralized large-scale solar parks and three green hydrogen production plants. These projects will leverage Malaysia's estimated 290 gigawatts of technical renewable energy potential to create a more resilient, low-carbon power system, said the ministry. Renewable energy sources such as wind and solar are projected to account for at least 31% of national energy needs by 2030, the government said, according to Reuters.
Persons: EDPR, Bryan van der Beek, Zulfikar Yurnaidi, David Thoo, Zulfikar Organizations: EDPR Sunseap, Energias de Portugal SA, Bloomberg, Getty, Energy, International Energy Agency, ASEAN Center for Energy, BMI Fitch Solutions, Zulfikar Yurnaidi ASEAN Center for Energy, Indonesia Malaysia Malaysia, Ministry, Reuters Locations: Energias, Woodlands, Singapore, Asia, Southeast Asia, Ukraine, Israel, Europe, Malaysia, Indonesia, Vietnam
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