New IEA report examines opportunities for countries across the region to integrate more solar and wind into their power systems to help reach energy security and emissions goals
Southeast Asia’s electricity demand is rising at one of the fastest rates in the world, underscoring the need for countries to diversify energy supplies and reinforce grid infrastructure. A new IEA report released today highlights how countries in the region can leverage their abundant renewable resources, notably wind and solar PV, to meet soaring demand and achieve their energy priorities.
Electricity demand in the region grew by more than 7% in 2024 – nearly double the global average – and is set to double again by 2050, driven by rapid urbanisation, industrial growth and rising living standards. Today, many member states of the Association of Southeast Asian Nations (ASEAN) depend heavily on imported fuels, which exposes the region to risks of fuel price volatility and supply disruptions, as seen during the recent global energy crisis. Meeting demand growth securely and affordably will require coordinated action from policymakers, regulators and utilities across the region, according to the report. (....)