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The 2025 surge is less a return to resource-buying than a shift towards construction-led industrial infrastructure and selective financing.
A new analysis by climate coalitions finds that 83 per cent of Indonesian executives want the government to step up investment in grid capacity and connectivity, while 89 per cent of Filipino executives say policy is lagging behind business electrification, despite Indonesia’s renewables push and the Philippines’ rapidly expanding clean energy pipeline.
The Philippines has lined up tens of gigawatts of offshore wind projects on in service contracts, is preparing to auction 3,300 megawatts more, and already has 178 megawatts in early development – strong signs of growing interest. How much of this will actually get built, however, is uncertain amid social implications, high costs, geopolitical tensions, and the unclear role of Chinese players.
The Iran war is driving a significant near-term surge in Asia-Pacific’s thermal coal demand, with an additional 150 million tonnes of cumulative consumption projected through 2030, roughly half of which is expected to land in 2026 alone.
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