Rapid growth fuels "ambitious" renewable energy goals in Southeast Asia

Fortune

Head of Business Development (APAC), Masdar Eng. Fatima Al Suwaidi discusses shift in approach to renewable energy thanks to the rapid economic growth and energy demands across Southeast Asia.

Transcript

00:00Because of the rapid economic growth we're seeing in Southeast Asia,

00:05Southeast Asia, you know, accounts for more than half of the global population today.

00:09There's a rapid economic growth.

00:11There is also, and at the center of that, that's where energy demand comes in as well.

00:15We're seeing ambitious targets of renewable energy across ASEAN and Southeast Asia.

00:20For example, you have Indonesia, net zero gold by 2050.

00:25Malaysia, 70% by 2050.

00:27Countries like Philippines, 35% by 2030.

00:31All of that is towards the right direction.

00:34But what's more importantly is we're seeing trends in understanding the importance of all that.

00:40Needs to look at grid stability as well, looking at upgrading infrastructure,

00:44looking at investing in energy solutions and storage technologies.

00:49So we're seeing a huge shift in mentality and mindset as well

00:52that is coming with the rapid economic growth.

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