Southeast Asia’s energy demand isexpected to growby two-thirds by 2040, requiring massive investment in new energy generation and transmission,installed capacity will double from 240 gigawatts to 565 gigawatts. The share of renewables in TPES would increase to just under 17% by 2025. Myanmar, Cambodiaand Laos can expect their energy demand to grow every year by double digits; Indonesia, the Philippinesand Vietnam project 6-10% annual growth rates. While the Philippine utilities boost gas and renewables' share in energy mix, and its non-hydro renewable power capacity accounted for 16.9% of its total energy mix, led by geothermal.
With such favorable policies, Renewable Power Summit will share hot topic on thermal and fast-track power generation solar, biomass, wind, hydro and geothermal Distributed power generation, and provide a valuable platform to promote the multi communication and cooperation between the regional and international companies.