China breaks more records with surge in solar and wind power
China''s installations of wind and solar in May are enough to generate as much electricity as Poland, as the world''s second-biggest economy breaks further records with its
Asia's growing energy demand has often been framed through the lens of its coal, gas or nuclear dependence, but solar power is growing rapidly across the region. Over the last decade China, India, South Korea, Viet Nam and Japan have significantly increased the share of solar power in their respective energy mixes.
Whether south-east Asia's surge in renewables will be as strong as forecast will depend on a number of factors. “We need [stable] policies, we need capital deployment,” says Tengku Taufik. “And we need people to act together across industries.”
This study explores the growth of solar power in seven key Asian countries, the potential for future growth and the avoided fossil fuel costs due to solar electricity generation between January and June 2022. The report was jointly developed by Ember, CREA and IEEFA.
Solar generation helped avoid at least US$34 billion in seven Asian countries in the first half of 2022. Estimated fossil fuel costs avoided by 7 key Asian countries in the first half of 2022 due to solar generation. Asian countries in top 10 for solar capacity globally in 2021.
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