Title page
Contents
ACKNOWLEDGEMENT 3
EXECUTIVE SUMMARY 5
1. INTRODUCTION 9
2. REPOWERING SOUTHEAST ASIA: THE CRITICAL ROLE OF PRIVATE SECTOR INVESTMENT 10
2.1. Large investment requirements for achieving ambitious transition 10
2.2. Increased private participation is crucial 11
3. RENEWABLE ENERGY INVESTMENT IN SOUTHEAST ASIA 13
3.1. Key issues and challenges 13
3.2. Investment outcomes 16
4. HOW CAN CHINA HELP? 19
4.1. Existing Chinese initiatives and programs 19
4.2. Insights from the convenings: A summary 20
4.3. Further reflections 21
5. RECOMMENDATIONS: CLEAN PROSPERITY PLAN 23
5.1. Clean Prosperity Plan: Leverage for greater impact 23
5.2. Key levers and specific actions 24
REFERENCES 32
APPENDIX A: THE ROLE OF RENEWABLE GENERATION IN THE NATIONAL POWER DEVELOPMENT PLANS 34
APPENDIX B: CHINESE POWER GENERATION INVESTMENT IN SOUTHEAST ASIA, 2000-2022 37
APPENDIX C: GREENING BELT AND ROAD INITIATIVE: KEY INITIATIVES AND INVESTMENT GUIDELINES 39
TABLE 1. CHINESE OVERSEAS INVESTMENT IN POWER GENERATION PROJECTS, 2000 TO 2022 18
FIGURE 1. HISTORICAL AND REQUIRED LEVELS OF AVERAGE ANNUAL INVESTMENT IN CLEAN POWER 11
FIGURE 2. SOURCES OF FUNDING, 2024-2030 12
FIGURE 3. GLOBAL POWER INVESTMENT, 2019-2023 17
FIGURE 4. INCREASE IN RENEWABLE ENERGY INVESTMENT, 2019-2023 17
TABLE A. INDONESIA'S ENERGY CAPACITY AND GENERATION 2020 VS. 2030 34
TABLE B. MALAYSIA'S ENERGY CAPACITY AND GENERATION 2020 VS. 2030 35
TABLE C. THAILAND'S ENERGY CAPACITY AND GENERATION 2020 VS. 2030 (PDP 2018 REVISION 1) 35