Related Articles
Electric taxis in Shenzhen, China
Forward article link
Share PDF with colleagues

Cleantech to play limited role in determining Asian demand

Oil and gas requirements in the region are unlikely to hinge on wind and solar build-out or a move to electric vehicles, at least in the near-term

Asia-Pacific countries are setting ambitious targets for expanding their renewable energy capacities as part of pathways to lower-carbon and even net-zero futures, while electric vehicles (EVs) are growing their market share. But, for regional hydrocarbons demand, these may well remain largely sideshows for the next few years. The installed capacity of renewables projects in Asia is set to reach 815GW by 2025, according to consultancy Rystad Energy. This is an increase from a 2020 level of 517GW—with solar capacity rising from 215GW to 382GW and onshore wind from 266GW to 341GW. Gas is obviously more at risk than oil of being directly impacted by renewables as a competing provider of elect

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK High Court throws out upstream challenge
18 January 2022
Activists’ efforts to have the revised OGA Strategy ruled unlawful are rejected by judge
UKCS still attracting buyers
18 January 2022
Healthy appetite remains despite an evolving oil and gas landscape
IOC stalwarts deliver Omani gas boost
18 January 2022
Shell and TotalEnergies have agreed to execute a major integrated development and bought into the government’s gas-led strategy
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video