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Cebu’s recurring grid alerts expose a flaw in Philippine renewable procurement, as low-cost projects on outlying islands cannot always supply the Visayas’ biggest power market, leaving Cebu reliant on costly diesel, says Aurora Energy Research’s Patrick Tan.
Bangkok’s response to the LNG price shock highlights a regional problem in which sustainable finance instruments are proliferating, yet clean energy projects remain harder to fund than fossil fuel projects.
Integrating the solar target into Indonesia’s power plan would coordinate investment in generation, grids and storage, as renewable costs fall and utility-scale solar becomes up to 44 per cent cheaper than coal, according to Institute for Energy Economics and Financial Analysis.
More than half of surveyed companies also plan to tap blended finance as the region confronts an estimated US$400 billion annual investment need to reach net zero and expand solar and wind, which supply just 4 per cent of the region’s electricity, Standard Chartered says.
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