A recent report by Wood Mackenzie predicts that average renewable energy certificate (REC) prices in the Asia-Pacific region will drop by 76% between 2023 and 2050. The projected decline is due to an oversupply in the REC...more
The Asia-Pacific region has experienced some headwinds in the renewable energy sector (particularly offshore wind) in recent times. These headwinds take the form of, for example, higher devex and capex costs, inadequacy or...more
Asian countries have predominantly relied on coal and natural gas to meet their electricity demands, but the landscape is rapidly evolving. Many Asian countries have committed to ambitious net-zero and decarbonisation goals....more
While it might seem to a commercial negotiator to be a point of pedantic detail in drafting an arbitration clause, the recent decision of Anupam Mittal v. Westbridge Ventures emphasises the importance for commercial parties...more
Corporate power purchase agreements (cPPAs) have seen exponential growth in the Southeast Asia region over the last year. This has largely been on account of increased corporate and governmental decarbonisation targets,...more
The Singapore government has committed to enhance the island nation’s green transition ambition to achieve net zero by 2050, a boost from Singapore’s previous goal set in 2020. The energy regulator in Singapore has concluded...more