The IEA says Southeast Asia electricity demand grew by more than 7% in 2024, while the region has about 20 TW of untapped solar and wind technical potential.
According to the International Energy Agency (IEA), electricity demand in Southeast Asia grew by more than 7% in 2024, nearly twice the global average. The IEA attributes the trend to urbanisation, industrial growth and rising living standards, which increase demand for cooling and other electrical appliances.
The following brief is summarised from the cited source.
The IEA says Southeast Asia has around 20 terawatts of untapped technical potential for solar and wind, equivalent to roughly 55 times the region’s current total power capacity. The agency also notes that solar and wind are now among the most cost-competitive options for new electricity generation in Southeast Asia.
On system integration, the IEA says near-term challenges from higher shares of variable renewable energy can be managed through proven measures such as improved forecasting, updated grid codes, modern grid monitoring, greater flexibility from existing power plants, demand response and storage.
Source: IEA.
