We continue to be surprised by the momentum in the energy transition we are witnessing globally.

While for many years this has been dominated by Europe, where our renewables practice has its roots, we are very aware that investment in renewables has, for several years now, been greater outside of Europe. In Asia Pacific, the development of alternative energy sources continues to be cited as a core structural driver for growth. This is of course led by the huge investment in China and India, but is not confined to those countries.

The past 12 months has seen a step-change in the pace of development of renewable and other green energy transactions in the region. While traditional fuel sources, including gas and coal, will continue to be important for many years to come, three major transactions underline what we believe to be a fundamental shift in the outlook for the future energy mix in the region. These are:

  • the project financing of the Formosa 1 offshore wind farm project in Taiwan – Asia’s first offshore wind project financing and the pathfinder for the large pipeline of offshore wind projects to follow;
  • the US$5bn divestment of Equis Energy which holds more than 180 assets comprising 11,135MW of capacity across Australia, Japan, India, Indonesia, Philippines and Thailand – this is the largest renewable energy generation acquisition in history; and
  • the issuance by ICBC of US$1.58bn of green bonds on the London Stock Exchange – the largest ever green bond listing on the LSE.

Explore the report

We hope this country by country overview, which outlines some of the key regulatory and other challenges and opportunities in the key markets in Asia Pacific for renewables, provides an informative and interesting reference.

  • Download the full Asia Renewables PDF
  • Explore our renewables insights by country using the interactive map below.