ACE Renewable Energy Status

and Update 2020

Prepared by:
ASEAN Centre for Energy
 ASEAN Renewable Energy Statistic One Community
for Sustainable
Energy

23%

There is 9% gap of current RE share with ASEAN aspirational

target which needs to be accomplished in 5 years

14.3%

However, if we are looking into the entire TPES, despite that

RE is increasing, ASEAN is still much reliant to fossil fuels
 ASEAN Renewable Energy Statistic One Community
for Sustainable
Energy

ASEAN Variable Renewable Energy Installed Capacity

In power sector, dominant RE is still hydropower, 6000
however VRE is also growing significantly Solar and wind are rapidly growing in ASEAN as
global RE prices plummeted 4989
5000

4133

Installed Capacity (MW)

4000
3285

3000

1867 1914
2000
1519
1245
1078
890
1000 708
555
424
18669 159 265
35 37
0
2010 2011 2012 2013 2014 2015 2016 2017 2018

Solar Wind
 Global Situation: Strong business case for RE
Cost of Electricity
Global levelised cost of electricity from
utility-scale renewable power generation
technologies (2010-2018)

• Bioenergy 0.062 USD/kWh

• Geothermal 0.072 USD/kWh
• Hydro 0.047 USD/kWh
• Onshore wind 0.056 USD/kWh
• Concentrated 0.185 USD/kWh
solar power
• Solar PV 0.085 USD/kWh
(Solar PV projects cost has fallen 77%
between 2010-2018)

Source: ASEAN-IRENA Collaboration

IRENA Database
 Global Situation: Investment will need to shift
to renewable energy and energy efficiency

Source: ASEAN-IRENA Collaboration

IRENA Database
 ASEAN Situation: Job creation From Solar and Wind
Solar Wind
2040 2040

APS
2025
APS

2025

2020 2020

2040 2040

ATS
2025
ATS

2025
2020
2020
- 50,00 100,00 150,00 200,00
- 2,00 4,00 6,00 8,00 10,00 12,00
Source: ASEAN Energy Thousand Jobs Thousand Jobs
Database System (ACE)
 ASEAN Situation: Investment needed for RE
installed capacity
CUMULATIVE INVESTMENT
ASEAN PROGRESSIVE SCENARIO

Geothermal
37,4
19%
Solar
Biomass 101,5
194 52%
6,7
Million
4%
USD
Hydro
34,6
18% Wind
14,3
Source: ASEAN Energy 7%
Database System
(ACE)