With massive energy demands threatening to slow Southeast Asia’s growth, alternative energy will play an increasing role in powering the region
Southeast Asia’s voracious appetite for energy has left many regional governments scrambling to secure energy supplies, with demand set to soar in the coming decade. While Southeast Asia has only 1% of the globe’s proven oil reserves, it remains rich in sunshine and wind.
Can alternative energy help to satiate the region’s energy needs? The energy sources with the most potential are geothermal, solar, wind and hydropower. Indonesia is Southeast Asia’s biggest market for renewable energy, followed by Thailand, Malaysia and Vietnam.