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.
The Pan‑Asia Power Grid Initiative (PAGI) is designed to stitch together existing blocs, like the Asean Power Grid and South Asian grid projects. But civil society groups warn that the bank’s grand regional vision sits uneasily with its continued backing for fossil fuels.