Renewable Energy Projects in Asia Pacific in Risk of Delay or Cancellation

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Wood Mackenzie’s latest research shows that up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years (2020 – 2024), if the coronavirus-led recession extends beyond 2020.

This is equivalent to pushing back the Asia Pacific renewables construction pipeline by nearly two years.  Wood Mackenzie research director Alex Whitworth said: “The extent of the coronavirus impact on Asia Pacific markets is key to the future growth of the renewables sector. Over the last five years (2015 – 2019), the Asia Pacific region accounted for over three-quarters of global power demand growth, while leading the world in wind and solar capacity installations. The coming months will be crucial to... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, Asia Pacific, gigawatts, wind, solar, renewable energy, delay, cancellation