IEA: Southeast Asia Needs Grid Investment to Nearly Quadruple by 2050

AI Summary

The International Energy Agency reports that Southeast Asia must significantly increase investment in upgrading its power grids to meet growing demand and support renewable energy integration by 2050. Countries like Indonesia, India, and Vietnam face bottlenecks due to outdated transmission networks, hindering the shift from fossil fuels.

Southeast Asia needs to invest heavily in upgrading and modernising its transmission networks if countries across the region hope to deploy larger quantities of renewable energy over the next decade. With investment in green energy growing ever higher, the grid systems in countries such as Indonesia, India, and Vietnam simply cannot keep up with capacity growth, creating a bottleneck in power distribution. Upgrading and expanding transmission networks would respond to the growth in regional power demand while reducing dependence on fossil fuels. …