Renewable energy in South-east Asia, including Laos, to deliver US$100bil in revenues

VIENTIANE (Vientiane Times/Asia News Network): Renewable energy generation in South-east Asia, including Laos, can generate US$90 billion to US$100 billion in sustainable revenues by 2030, according to a new report.

The report, “Renewable Energy Manufacturing: Opportunities for Southeast Asia”, was published by the Asian Development Bank (ADB) and a collection of non-profit organisations – Bloomberg Philanthropies, ClimateWorks Foundation and Renewable Energy For All.

“Growing South-east Asia’s solar photovoltaic (PV) cells, battery, and electric two-wheeler industries presents an estimated US$90 billion to US$100 billion revenue opportunity by 2030, with a potential 6 million renewable energy jobs to be created by 2050,” the ADB said.

Laos is committed to promoting renewable energy and investments in low-carbon sectors to achieve carbon neutrality by 2050. For instance, the Monsoon Wind Power Project, with a capacity of 600 MW, is set to be built in Xekong and Attapeu provinces in southern Laos to export and sell electricity to neighbouring Vietnam.

Vientiane Times/Asia News Network