Huge opportunities in Renewable Energy, EE technologies
newscatcher
2023-08-21 09:37
Huge opportunities in Renewable Energy, EE technologies
KUALA LUMPUR: Southeast Asia's demand for electricity has surpassed those of other regions globally, rising by an average of more than 6.0 per cent annually over the past two decades. According to the International Energy Agency, electricity consumption in Malaysia, Indonesia, Vietnam and Thailand cumulatively account for more than 80 per cent of total electricity demand in the region, amid growing ownership of household appliances and increasing consumption of goods and services. Although the region is one of a select few where coal-fired power generation has been expanding, the dynamics are expected to change in a few decades as governments in the region look towards increasing Renewable Energy (RE) share in the power mix.

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