In the midst of growing populations and electricity demand, the persistence of the COVID-19 pandemic, and much political, investor and customer pressure to decarbonize, Asia’s electricity providers continue to grapple with implementing an affordable and reliable energy transition.
Backed by surveys of the electric industry and large electric users in Asia, the Black & Veatch 2022 Asia Electric Report reveals the single biggest challenge the industry is facing: integrating renewable energy to maintain a resilient and reliable grid. The report also highlights the growing role of new stakeholder influences on the industry, what technologies will receive more investment, and, for the first time, brings in the perspective of large intensive energy customers in Asia.
Explore the Report:
- 35% of the industry believe renewable integration is the biggest challenge they face
- Pressure from governments, shareholders and large customers are 3 of the top 4 drivers of investment in renewable energy
- Land acquisition remains top barrier for much-needed transmission development
- More than 80% of the industry believe funds are being directed to clean energy
- More than 50% of commercial and industrial respondents do not have effective decarbonization roadmaps in place