Exploring the Investment Landscape for Renewable Energy in a Region Hungry for Power
In a focused analysis, The Straits Times delves into the potential of a green energy revolution in South-east Asia, a region recognized as a global economic growth engine. Published every first and third Sunday of the month, Green Pulse initiates 2024 by examining the investment opportunities in renewable energy.
The Region’s Thirst for Power and the Current Energy Dependency
South-east Asia’s economic aspirations drive a relentless demand for power to fuel growth, sustain factories, and uplift millions from poverty. However, the region grapples with a deep-rooted dependence on polluting coal, oil, and gas, posing environmental challenges.
Rising Competition from Cleaner Alternatives
The landscape is evolving as cleaner options like wind and solar energy, coupled with advanced battery storage, emerge as competitive and attractive investment choices. The shift towards sustainability becomes pivotal in redefining the energy portfolio of South-east Asia.
Outlook and Investor Perspectives
The question lingers – is the region on the verge of a green revolution? To explore this, ST’s climate editor, David Fogarty, engages in a discussion with Mr. Edward Northam, head of Core Renewables and head of Asia-Pacific for Macquarie Asset Management Green Investments. Based in Singapore, Mr. Northam, a veteran in the clean energy space, provides valuable insights from an investor’s standpoint on the vast opportunities within the region.
As South-east Asia contemplates a paradigm shift towards cleaner and sustainable energy sources, the discussion between experts sheds light on the potential for a transformative green energy revolution that aligns with economic growth and environmental responsibility.
Source：straitstimes.com
