Wired for profit꞉ Grid is the key to unlock ASEAN energy investment

Methodology

Solar and wind capacity

This study assesses the gap between ASEAN’s projected power demand and the required renewable energy capacity to align with net-zero targets. To quantify the additional capacity required, we analyse national energy statistics, literature and assess solar and wind economic potential in key interconnection countries. We use the assumption the geographic potential multiplied by a rule-of-thumb effective conversion efficiency, of 10% from the technical potential for solar energy in Sumatra.

Job creation

The metrics used assesses the job creation potential of the renewable energy technologies industry within the economy—specifically, jobs per megawatt (jobs/MW) for solar and wind—and is intended as an exercise for interpreting statistics related to the area of job creation potential from these technologies.

Acknowledgements

Our sincere gratitude to Professor Jeffrey Sachs for his quotes, and to Dr. Assaad Razzouk for his review and contributions. We would also like to thank the ASEAN Centre for Energy and the Southeast Asia Energy Transition Partnership (ETP) for their invaluable support in reviewing this report.

Special thanks to Rini Sucahyo, Shiyao and Ardhi Arsala Rahmani, for editing and communication support, Richard Black, Aditya Lolla, Duttatreya Das, Beatrice Petrovich, Katye Altieri, Gianluca Geneletti, Elisabeth Cremona and Muyi Yang for their valuable comments and insights. Thank you to Matt Ewen, Reynaldo Dizon, Jivan Zhen Thiru, for their support in data validation and visualisation.