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Asia Pacific Renewable Energy Insights

Insights into the key regulatory and commercial challenges, and opportunities, across eleven jurisdictions.

We publish our fifth edition of our Asia Pacific Renewable Energy Insights covering the key regulatory, policy and market developments in all key markets in the region at a time when global energy markets are facing unprecedented challenges. 

Geopolitical hostilities, supply constraints at a time of rebounding energy demands post covid-19 and other factors have led to extraordinary volatility in energy prices and a focus of market participants on inflationary pressures and energy security. All of this at a time where environmental, social and governance (ESG) issues remain front of mind and the transition to a lower carbon world continues to gain momentum. 

The above could apply to many (perhaps all) parts of the world but is especially pertinent in Asia Pacific. Here, the pace of development and investment in renewable energy continues to outstrip other parts of the world supported by rising populations, robust economic growth and the greenfield nature of the power market in the region underpinned by relatively attractive government support initiatives and political impetus for building new infrastructure.

Our experience over the past 12 months reflects what we are seeing in terms of major themes in the sector, including:

Rise of offshore wind in Asia

The continued rise of offshore wind in North Asia, including as Japan, Korea, Vietnam and other new markets (notably Australia and the Philippines) look to build on the success of the Taiwan story. We have acted on almost all closed project financings for offshore wind in these markets and continue to be busy working on a range of ongoing projects in these markets.

New investors entering the market

New investors entering the Asia Pacific, including strategic developers seeking new opportunities away from their existing markets and an upsurge in interests from financial sponsor clients, including specialist energy and infrastructure funds.  This has increasingly involved innovative investment platforms involving the transfer of existing assets and arrangements for the joint acquisition and funding of future opportunities.

 

Innovative financing approaches

The development of innovative financing approaches to support renewables projects, including portfolio structures, holdco financings, green bonds and other solutions which are tailored to the specific requirements of the sector.

New emerging technologies

Continued focus on new and emerging technologies such as green hydrogen (including in Japan as an export target for leaders in this space such as Australia) and utility-scale batteries (linked to renewables projects which being explored in Korea among others) in each case which are likely to accelerate the renewables story and attract further international investment.

As the longest-standing and most award-winning green energy practice in the region, we are passionate about the work we do and proud to support leading developers, contractors, financiers, governments and others in this space across all the key markets in the region as covered in our report. 

We hope you find this guide is informative and helpful and we always welcome new discussions about ways we can contribute to your ambitions in this dynamic and exciting sector.

Download your copy of
Asia Pacific Renewable Energy Insights 2022

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                               Photo of report

 

Explore our insights on renewable energy across Asia Pacific

This jurisdictional overview highlights key regulatory, and other challenges and opportunities in the key markets in Asia Pacific for renewables.

Select a jurisdiction on the map to explore in more detail.

ESG continues to dominate the agenda

We expect the pace of change on all matters environmental, social and governance (ESG) to continue accelerating in 2022. On the environmental front, climate change will remain high on the investor and regulatory agenda. 2021 saw a spate of high-profile climate pledges – from governments, banks, asset managers, pension schemes and corporates alike. The focus in 2022 will be on ensuring that net zero targets and pledges made by businesses are translated into concrete and robust plans. Following the global climate summit, COP26, in November 2021, global leaders have agreed to revisit their national targets before COP27 in Cairo this year with the aim of setting more ambitious climate strategies. 2022 will also provide a practical demonstration of the appetite for ESG-led change that governments, major corporates and financial institutions all have, and how far this will feed into smaller businesses and everyday life. Our ESG team has a robust understanding of the regulatory and policy drivers of the market and experience across a wide range of sectors and contexts. We take a holistic approach, covering a wide range of areas - from climate change and resource efficiency, human rights and community engagement, antibribery and corruption, transparency and disclosure, product governance, and risk management more generally.

Read more about ESG at Linklaters

ESG
Our renewable energy contacts across Asia Pacific
If you would like to find out more about how we can help you with your renewables projects across Asia, please get in touch with a member of the team. 

Environment, Social and Governance at Linklaters

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