IEEFA Asia Newsletter

Welcome

It has been another busy month for our team with new research and engagements focused on Asia’s energy transition.

This month’s research highlights include:

• Three major bottlenecks contribute to South Korea’s lackluster renewables growth: an inadequate grid, inefficient power purchase agreements (PPAs), and ineffective renewable portfolio standard (RPS) systems. A successful reform would be pivotal for global competitiveness in emerging industrial sectors such as artificial intelligence and semiconductors.
• Battery storage adoption is accelerating in Pakistan’s residential, commercial, and industrial sectors, driven by high electricity costs and declining solar component prices. Timely investments in grid modernization, smart metering, and regulatory updates can enable decentralized solar plus Battery Energy Storage Systems (BESS) configurations.
• China's surge in liquefied natural gas (LNG)-fueled heavy-duty vehicles (HDVs) will likely prove difficult for other Asian countries to replicate. Directing funds toward electrification may be more beneficial than investing in an LNG-fueled HDV supply chain that could become stranded in the near future.
• Regionally, we also examined the importance of project preparation in scaling the energy transition, and how rapid renewables buildout in China, Japan, South Korea, and Indonesia will erode the share of coal generation in the power mix.

Please read the analyses in full for more details and reach out if you’d like to discuss any of our findings.

Warm regards,

Paige Nguyen

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Engagement Update

IEEFA Around the Globe

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• IEEFA Europe: Iberian blackout highlights need for European grid investment
• IEEFA South Asia: From incentives to adoption: A decadal review of India's EV subsidy effectiveness
• IEEFA U.S.: West Virginia ratepayers footing the bill for infrastructure build out

Media Highlights

• Reuters: Pakistan's solar revolution leaves its middle class behind
• The Straits Times: Indonesia’s 10-year power procurement plan: Green boon or climate doom?
• Eco-Business: Shared transmission network could unlock US$150 billion in renewable energy investments in Indonesia: report
• China Daily: ASEAN urged to speed up energy transition, boost domestic demand amid tariffs
• The Philippine STAR: ‘Renewable energy to shield Philippines from global trade shocks’