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Renewable Energy
Developments in ASEAN
Roundtable Discussion on
Renewable Energy Investment
in Southeast Asia
16 January 2018
World Future Energy Summit
Abu Dhabi, UAE
Outline
1. ASEAN Energy Outlook
2. Renewable Energy Deployment in
Singapore
3. Singapore International Energy Week
(SIEW) 2018
• Energy demand in ASEAN is expected to increase 2.4 times
by 2040.
• Industry and transport sectors are expected to expand the most.
Source: 5th ASEAN Energy Outlook
38%
12%7%
21%
13%
9%
2015
427
MTOE
40%
10%7%
20%
15%
8%
2025
653
MTOE
40%
9%7%
20%
17%
7%
2040
1,046
MTOE
ASEAN Energy Demand by 2040
Share of ASEAN’s
Renewable Energy in 2040
Source: 5th ASEAN Energy Outlook
ASEAN Target Scenario (ATS) : assumes ASEAN Member States will achieve their national EE & RE targets
ASEAN Progressive Scenario (APS) : assumes ASEAN will achieve it regional EE & RE targets
Growing at a average rate of 4% by 2040, RE is projected to have
the largest increase in all three scenarios of the 5th ASEAN Energy
Outlook
ASEAN’s 23% RE Target by 2025
Source: 5th ASEAN Energy Outlook
ASEAN will need to double RE investments to narrow the 10% gap
to achieve the 23% RE target
Enabling regulatory policies will be needed to attract private
sector investment for RE deployment
Investments in the Power Sector
by 2025
Source: 5th ASEAN Energy Outlook
Power generation is an important sector if ASEAN is to meet its
23% RE target
Key challenges and opportunities
for ASEAN’s RE Landscape
• Investments amounting to about USD 17 billionannually is needed if ASEAN is to achieve itsRE 23% target by 2025
• ASEAN Member States will need to enhancetheir regulatory framework to enable bankableRE projects
• Falling costs and improving technologies areexpected to make ASEAN’s RE investmentscompetitive
Singapore’s Energy Landscape
• Natural gas is the dominant
fuel source for power
generation in Singapore
95%
• As Singapore is located in the
tropical sunbelt with good
irradiance. Hence, amongst the
renewable energy technologies,
solar PV offers greatest
deployment potential
• Beyond natural gas,
Singapore is also exploring
alternative energy optionsto diversify our energy mix
Steady Growth in Solar PV
deployment in Singapore
-
500
1,000
1,500
2,000
2,500
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017_Q3
Nu
mb
er o
f In
stal
lati
on
s
Inst
alle
d C
apac
ity
(in
MW
p)
Solar Installed Capacity and Number of Installations
Residential Non-Residential Number of Installations
Market interest in solar has been growing in Singapore
Take-up is expected to accelerate over the next few years, as prices fall
and technologies improve
Facilitating Solar Deployment
by Enhancing Regulatory
Framework
• Ensuring robust market rules to encourage new business
models by clean energy companies
• Streamlining of market rules and technical requirements to
facilitate deployment of RE for electricity consumers
• Reflect the true cost of solar to ensure equitability in the
system
• Maintain system-wide security and reliability ahead of
increasing intermittent generation sources
• SolarNova Initiative is to install 350MWp of solar PV by
2020 on government buildings
• Singapore takes on the Chairmanship of ASEAN
in 2018, including the ASEAN Energy Track
• We are hosting the 36th ASEAN Ministers on
Energy Meeting in October 2018
• ASEAN energy sector will continue to collaborate
with international organisations, including IRENA
ASEAN in 2018
SIEW brings together global energy leaders to discuss
key energy issues and solutions in one week one location.
Singapore International
Energy Week
SIEW 2017 Highlights:
Asia Clean Energy Summit
• Focuses on clean energy
technology, policy and finance
supported by leading government
agencies, research institutes, and
industry in Singapore.
• Provides a common platform forregional thought leaders in both thepublic and private sector tocollaborate on critical issues andopportunities in harnessing cleanenergy for the future.
• ACES 2017: >2,500 participants,>100 speakers and 61 exhibitors