Renewable Energy

Developments in ASEAN

Roundtable Discussion on

Renewable Energy Investment

in Southeast Asia

16 January 2018

World Future Energy Summit

Abu Dhabi, UAE

Outline

1. ASEAN Energy Outlook

2. Renewable Energy Deployment in

Singapore

3. Singapore International Energy Week

(SIEW) 2018

• Energy demand in ASEAN is expected to increase 2.4 times

by 2040.

• Industry and transport sectors are expected to expand the most.

Source: 5th ASEAN Energy Outlook

38%

12%7%

21%

13%

9%

2015

427

MTOE

40%

10%7%

20%

15%

8%

2025

653

MTOE

40%

9%7%

20%

17%

7%

2040

1,046

MTOE

ASEAN Energy Demand by 2040

Share of ASEAN’s

Renewable Energy in 2040

Source: 5th ASEAN Energy Outlook

ASEAN Target Scenario (ATS) : assumes ASEAN Member States will achieve their national EE & RE targets

ASEAN Progressive Scenario (APS) : assumes ASEAN will achieve it regional EE & RE targets

Growing at a average rate of 4% by 2040, RE is projected to have

the largest increase in all three scenarios of the 5th ASEAN Energy

Outlook

ASEAN’s 23% RE Target by 2025

Source: 5th ASEAN Energy Outlook

ASEAN will need to double RE investments to narrow the 10% gap

to achieve the 23% RE target

Enabling regulatory policies will be needed to attract private

sector investment for RE deployment

Investments in the Power Sector

by 2025

Source: 5th ASEAN Energy Outlook

Power generation is an important sector if ASEAN is to meet its

23% RE target

Key challenges and opportunities

for ASEAN’s RE Landscape

• Investments amounting to about USD 17 billionannually is needed if ASEAN is to achieve itsRE 23% target by 2025

• ASEAN Member States will need to enhancetheir regulatory framework to enable bankableRE projects

• Falling costs and improving technologies areexpected to make ASEAN’s RE investmentscompetitive

Singapore’s Energy Landscape

• Natural gas is the dominant

fuel source for power

generation in Singapore

95%

• As Singapore is located in the

tropical sunbelt with good

irradiance. Hence, amongst the

renewable energy technologies,

solar PV offers greatest

deployment potential

• Beyond natural gas,

Singapore is also exploring

alternative energy optionsto diversify our energy mix

Steady Growth in Solar PV

deployment in Singapore

-

500

1,000

1,500

2,000

2,500

-

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017_Q3

Nu

mb

er o

f In

stal

lati

on

s

Inst

alle

d C

apac

ity

(in

MW

p)

Solar Installed Capacity and Number of Installations

Residential Non-Residential Number of Installations

Market interest in solar has been growing in Singapore

Take-up is expected to accelerate over the next few years, as prices fall

and technologies improve

Facilitating Solar Deployment

by Enhancing Regulatory

Framework

• Ensuring robust market rules to encourage new business

models by clean energy companies

• Streamlining of market rules and technical requirements to

facilitate deployment of RE for electricity consumers

• Reflect the true cost of solar to ensure equitability in the

system

• Maintain system-wide security and reliability ahead of

increasing intermittent generation sources

• SolarNova Initiative is to install 350MWp of solar PV by

2020 on government buildings

• Singapore takes on the Chairmanship of ASEAN

in 2018, including the ASEAN Energy Track

• We are hosting the 36th ASEAN Ministers on

Energy Meeting in October 2018

• ASEAN energy sector will continue to collaborate

with international organisations, including IRENA

ASEAN in 2018

SIEW brings together global energy leaders to discuss

key energy issues and solutions in one week one location.

Singapore International

Energy Week

SIEW 2017 Highlights:

Asia Clean Energy Summit

• Focuses on clean energy

technology, policy and finance

supported by leading government

agencies, research institutes, and

industry in Singapore.

• Provides a common platform forregional thought leaders in both thepublic and private sector tocollaborate on critical issues andopportunities in harnessing cleanenergy for the future.

• ACES 2017: >2,500 participants,>100 speakers and 61 exhibitors