Recent research by Wood Mackenzie, released this week in Singapore at the analyst’s Energy & Commodities Summit – Capitalising on Asia’s Energy Transition, not only indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040, but more interestingly, that green hydrogen will reach cost parity in Australia by 2030. Wood Mackenzie’s analysis shows that the Asia Pacific region is set to become the leading market for new solar and wind installations in the world by 2040. The region currently has 540 GW of installed capacity for solar and wind and is expected to add 1,528 GW over the next two decades.
PV Magazine 15th Nov 2019 read more »