ASEAN Renewable Energy Demand - First Market for TerraGreen Growth

• The ten countries of the Association of Southeast Asian Nations (ASEAN) represent one of the most dynamic parts of the global energy system and their energy demand has grown by 60% over the past 15 years. ASEAN countries are at various stages of economic development and have different energy resource endowments and consumption patterns.
• According to International Energy Agency, by 2040, Southeast Asia’s energy demand grows by almost two-thirds. This represents one-tenth of the rise in global demand, as the region’s economy triples in size, the total population grows by a fifth with the urban population alone growing by over 150 million people. This scenario reflects the impact of existing energy policies in Southeast Asia as well as an assessment of the results likely to stem from the implementation of announcing policy intentions, such as the country pledges made as part of the Paris Agreement.
• ASEAN as a group has identified a target of 23% share of renewable in the primary energy mix by 2025. 
• To achieve this target, the region will need to double or even triple the current share of clean energy. 
• Meeting increasing electricity demand requires a huge expansion in the region’s power system, with coal and renewables accounting for almost 70% of new capacity. Installed power generation capacity rises to more than 565 gigawatts (GW) in 2040 in our main scenario, from 240 GW today. 
• The mix of fuels and technologies varies country-by-country, but overall reflects an emerging preference for a combination of high efficiency coal plants and increased deployment of renewable.
• As shown in Figure 12, by 2040, renewables account for the largest share of installed capacity (nearly 40%), but coal takes the most prominent role in the generation mix (40%) and 70% of the new coal-fired capacity uses high efficiency super critical or ultra-super critical technologies. 
• Output from natural gas-fired plants rises by 60% in absolute terms, but the share of gas in the power mix falls back from the current 43% to 28% by 2040. The large penetration of renewable and wider deployment of more efficient coal-fired plants results in the carbon intensity of power sector declining by almost one-fifth, but it remains significantly higher than the world average.
• TerraGreen shall initially target ASEAN market before entering into other world markets. 
• TerraGreen will play critical role in terms of facilitation of investments into the renewable energy and trade of energy. 
• This is done by allowing a direct interaction between renewable energy producers and the end user and/or investors globally. In this way, TerraGreen network acts as a platform to help renewable energy producers to attract capital directly from energy end users and/or investors.

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