SOUTHEAST ASIA
REGION OF FOCUS
We are currently operating in Latin America and Asia, with concentrated emphasis in Mexico, Nicaragua and Argentina where the company has four large scale solar projects, a utility scale wind project, a biomass project, a hydro-electric project and an airport development project. Noble Generation also has projects in the pipeline in Asia, Africa, and other parts of the world.
SOUTHEAST ASIA
By 2025, the ten countries in the Association of Southeast Asian Nations (ASEAN) will face a surging electricity demand, which is expected to double, and a 50% increase in the overall energy demand. The combined population of the ASEAN region is forecast to increase from around 615 million in 2014 to 715 million by 2025. The economy will grow more than 5% per year on average, resulting in a rapid rise in energy demand. And in the future economic growth, urbanization, electrification and population growth will ensure the relentless increase of energy demand for decades to come.
In 2015, ASEAN ministers adopted an aspirational target of 23% renewable energy by 2025. This objective implies a two‑and‑a‑half‑fold increase in the region’s modern renewable energy share, compared to 2014. The total power generation would have to double by 2025 to match energy demand growth. Encouragingly, 62% of the world’s renewable energy jobs are in Asia, including the ASEAN countries. China is the dominant player, followed by India. “ASEAN Member States are endowed with some of the best renewable energy resources in the world and reaching the renewable goals in the region is not only feasible, but will be cost less to build while electricity prices remain high compared to other regions.
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