TRENDS
CURATION ⚡

Harnessing Renewable Energy: Southeast Asia's Path to Sustainability and Prosperity

Southeast Asia finds itself at the forefront of climate vulnerability due to its extensive coastlines and low-lying regions, which expose over 600 million people to the impacts of weather extremes and rising sea levels. As a result, the region must adapt its development strategies, particularly its heavy reliance on coal and oil for energy, which contribute significantly to global warming.

Unchecked climate change could have dire consequences, potentially shaving off 11 percent of Southeast Asia's GDP by the century's end, affecting vital sectors like agriculture, tourism, and healthcare.

However, amidst these challenges lies an opportunity for Southeast Asia to lead the charge in renewable energy manufacturing while achieving its economic growth targets. The region's strong manufacturing base positions it favorably to capitalize on the growing demand for renewable energy technologies. By transitioning to renewable energy sources, countries in Southeast Asia can mitigate climate risks while unlocking substantial economic opportunities.

Investment Opportunities in Renewable Manufacturing
● Solar PV Manufacturing: Southeast Asia has the potential to become a major player in solar photovoltaic (PV) manufacturing, with the capacity to produce 125-150 GW of module capacity by 2030. Countries like Vietnam, Malaysia, and Thailand already control a significant portion of the global PV module market. With an increasing focus on solar energy, Southeast Asia can leverage its manufacturing capabilities to meet both domestic and global demand.

● Battery Manufacturing: The region also holds immense potential in battery manufacturing, particularly for electric vehicle (EV) batteries and battery energy storage systems (BESS). With an annual growth rate of 40 percent expected until 2030, Southeast Asia could produce 140-180 GWh of battery cells by the end of the decade. Indonesia, in particular, stands out as a key player, given its abundant nickel reserves, which are essential for battery production. Global EV makers are eyeing investments in Indonesia, aiming to establish the country as a global EV hub by 2027.

Indonesia's Role in the Electric Battery Supply Chain
Indonesia's significant nickel reserves have positioned the country as a crucial player in the global EV industry. With ambitious plans to become one of the top three producers of EV batteries globally, Indonesia is attracting investments from major players like Tesla and BYD. The country's export of processed nickel has seen a substantial increase, reaching an estimated US$30 billion in 2022. By expanding its battery supply chain, Indonesia aims to capture a significant share of the global battery market by 2025.

Conclusion
In conclusion, Southeast Asia stands at a pivotal juncture where transitioning to renewable energy not only addresses climate vulnerabilities but also unlocks substantial economic opportunities. By investing in solar PV and battery manufacturing, countries in the region can spearhead global initiatives toward sustainable energy while bolstering their economic growth and resilience in the face of climate change. As the world shifts towards renewable energy solutions, Southeast Asia has the opportunity to lead the way, driving innovation, economic growth, and environmental sustainability.

2024.05.17

Asia Plat

뉴스 썸네일

Google Pursues Largest Ever $31 Trillion Acquisition in Cybersecurity

Google parent company Alphabet has embarked on the largest acquisition in the company's history to strengthen its position in the global cloud market. On the 14th (local time), the Wall Street Journal (WSJ), citing sources, reported that Alphabet is negotiating to acquire cybersecurity startup Wiz for $23 billion (approximately 31.67 trillion won).

2024.07.15

Byung Moo Kim

뉴스 썸네일

Top 5 Thailand government Accelerators &incubation programs

In ASEAN, Thailand stands as the second-largest economy and a crucial gateway to Southeast Asia. In recent years, startup activity in Thailand has surged dramatically, with the number of startups increasing tenfold by 2023. However, many startups, despite having excellent ideas and business feasibility, face challenges due to initial capital constraints and limited networks. As a result, there is significant interest among startups in government agency accelerator programs for vital support and resources.

2024.06.11

Byung Moo Kim

뉴스 썸네일

Investing in Indonesia’s Booming Cosmetics Industry

Indonesia's beauty industry is experiencing rapid growth, presenting lucrative opportunities for global investors. In 2023, the industry grew by 5% and is projected to surge by 9% by 2026. The cosmetics and personal care sector reported a 14% annual growth rate in 2022 and is expected to maintain an average annual growth of 4.5% from 2024 to 2027. This growth is driven primarily by the expanding middle class, projected to grow from 54 million to 135 million by 2030.

2024.05.21

Asia Plat

뉴스 썸네일

Unlocking Opportunities: Baltic Investors in Southeast Asia's Tech Boom

Southeast Asia's digital economy is on an exponential rise, with forecasts predicting a Gross Merchandise Value (GMV) of $330 billion by 2025, a significant jump from $194 billion in 2022. This burgeoning landscape, fueled by a tech-savvy and affluent consumer base of over 450 million internet users, presents a plethora of opportunities for investors from Baltic countries.

2024.05.18

Asia Plat

뉴스 썸네일

Harnessing Renewable Energy: Southeast Asia's Path to Sustainability and Prosperity

Southeast Asia finds itself at the forefront of climate vulnerability due to its extensive coastlines and low-lying regions, which expose over 600 million people to the impacts of weather extremes and rising sea levels. As a result, the region must adapt its development strategies, particularly its heavy reliance on coal and oil for energy, which contribute significantly to global warming.

Unchecked climate change could have dire consequences, potentially shaving off 11 percent of Southeast Asia's GDP by the century's end, affecting vital sectors like agriculture, tourism, and healthcare.

However, amidst these challenges lies an opportunity for Southeast Asia to lead the charge in renewable energy manufacturing while achieving its economic growth targets. The region's strong manufacturing base positions it favorably to capitalize on the growing demand for renewable energy technologies. By transitioning to renewable energy sources, countries in Southeast Asia can mitigate climate risks while unlocking substantial economic opportunities.

Investment Opportunities in Renewable Manufacturing
● Solar PV Manufacturing: Southeast Asia has the potential to become a major player in solar photovoltaic (PV) manufacturing, with the capacity to produce 125-150 GW of module capacity by 2030. Countries like Vietnam, Malaysia, and Thailand already control a significant portion of the global PV module market. With an increasing focus on solar energy, Southeast Asia can leverage its manufacturing capabilities to meet both domestic and global demand.

● Battery Manufacturing: The region also holds immense potential in battery manufacturing, particularly for electric vehicle (EV) batteries and battery energy storage systems (BESS). With an annual growth rate of 40 percent expected until 2030, Southeast Asia could produce 140-180 GWh of battery cells by the end of the decade. Indonesia, in particular, stands out as a key player, given its abundant nickel reserves, which are essential for battery production. Global EV makers are eyeing investments in Indonesia, aiming to establish the country as a global EV hub by 2027.

Indonesia's Role in the Electric Battery Supply Chain
Indonesia's significant nickel reserves have positioned the country as a crucial player in the global EV industry. With ambitious plans to become one of the top three producers of EV batteries globally, Indonesia is attracting investments from major players like Tesla and BYD. The country's export of processed nickel has seen a substantial increase, reaching an estimated US$30 billion in 2022. By expanding its battery supply chain, Indonesia aims to capture a significant share of the global battery market by 2025.

Conclusion
In conclusion, Southeast Asia stands at a pivotal juncture where transitioning to renewable energy not only addresses climate vulnerabilities but also unlocks substantial economic opportunities. By investing in solar PV and battery manufacturing, countries in the region can spearhead global initiatives toward sustainable energy while bolstering their economic growth and resilience in the face of climate change. As the world shifts towards renewable energy solutions, Southeast Asia has the opportunity to lead the way, driving innovation, economic growth, and environmental sustainability.

2024.05.17

Asia Plat

뉴스 썸네일

Google Pursues Largest Ever $31 Trillion Acquisition in Cybersecurity

Google parent company Alphabet has embarked on the largest acquisition in the company's history to strengthen its position in the global cloud market. On the 14th (local time), the Wall Street Journal (WSJ), citing sources, reported that Alphabet is negotiating to acquire cybersecurity startup Wiz for $23 billion (approximately 31.67 trillion won).

2024.07.15

Byung Moo Kim

뉴스 썸네일
TOTAL POSTS 12

  • ASIA PLAT SUBSCRIBE

    Subscribe to our newsletter and
    receive the latest news by E-mail.

    ASIA PLAT
  1. WE provide trends and information
    for the success of
    ASEAN startup companies
    ©2024 N15PARTNERS Inc. All Rights Reserved.