The sunny side of Asia
The contribution of solar generation in seven key Asian countries – China, India, Japan, South Korea, Vietnam, the Philippines and Thailand – avoided potential fossil fuel costs of
Asia's growing energy demand has often been framed through the lens of its coal, gas or nuclear dependence, but solar power is growing rapidly across the region. Over the last decade China, India, South Korea, Viet Nam and Japan have significantly increased the share of solar power in their respective energy mixes.
This study explores the growth of solar power in seven key Asian countries, the potential for future growth and the avoided fossil fuel costs due to solar electricity generation between January and June 2022. The report was jointly developed by Ember, CREA and IEEFA.
Solar generation helped avoid at least US$34 billion in seven Asian countries in the first half of 2022. Estimated fossil fuel costs avoided by 7 key Asian countries in the first half of 2022 due to solar generation. Asian countries in top 10 for solar capacity globally in 2021.
Over the last decade China, India, South Korea, Viet Nam and Japan have significantly increased the share of solar power in their respective energy mixes. China began the decade with only 1 GW of solar power in 2010, and has increased this capacity to 307 GW by the end of 2021, including a record installation of 53 GW of new solar power that year.
The contribution of solar generation in seven key Asian countries – China, India, Japan, South Korea, Vietnam, the Philippines and Thailand – avoided potential fossil fuel costs of
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