Asia-Pacific Energy & Environment Industry Outlook

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May 16, 2016, 05:49 ET

LONDON, May 16, 2016 /PRNewswire/ -- 2016 Asia-Pacific Energy & Environment Industry Outlook : Coal Power Dominates Power Generation and Grid Investments Surge in the Growing Economies of the Region

The outlook discusses the short-term impact of some of the major global trends affecting various sectors in the Energy and Environment industry and across the Asia-Pacific region. Prominent global trends, including the economic growth deceleration in China, in 2016, and its noticeable effect globally and on the rest of Asia, have been discussed. China's size and its close links with its neighbors, through regional and global value chains, as well as through its outbound foreign direct investment, are the main causes for the subdued economic outlook. In addition, the outlook discusses how the Asian economies stand to benefit from the current low global crude oil price, as subsidies have been removed.

Regional Predictions in 2016

-In China investment growth slowed compared to 2014 and imports contracted, but consumption growth remained steady. The 13th five-year plan will be a deciding factor for coal power and renewable power projects in the country, as it is likely to announce norms for GHG emissions. Grid investments are predicted to hit an all-time high at $ billion in 2016.

• Construction of a new gas pipeline project between China with Russia is set to begin in 2016.

• The Indian solar power market attracted huge investments from private players in 2015. This trend is likely to continue in 2016 too. Companies gaining entry in India include NRG Energy Inc., Canada's TransAlta, Russia's OAO Rosneft, and Statkraft Group from Norway.

• In 2015, the government issued revised emission standards for thermal power plants. 2016 will witness the shutting down of highly polluting coal-based power plants near the metro cities of Delhi, Mumbai, and Chennai.
• Seven nuclear plants are awaiting safety checks, of which three nuclear plants at Sendai, Takahama, and Ikata, will restart operation in 2016. As Japanese power utility companies temporarily scale back their involvement in purchasing solar power due to grid interconnection issues, solar power demand will shift from ground-mounted systems to rooftop systems.

Grid investments is expected to hit $ billion and annual coal power capacity addition will be GW in the region in 2016. Indonesia and Vietnam will attract maximum investment in generation and grids.

• Thailand, The Philippines, and Malaysia are set to become key markets for solar power, with an estimated total addition of GW in 2016.

• In addition, water industry CAPEX is predicted to increase by % in 2016, in contrast to the rest of Asia-Pacific which is likely to shrink by %.

• Australia is poised to become the biggest LNG exporter at a global scale, as its investments into offshore natural gas projects rise with projects set to begin construction in 2016.

• Australia possesses one of the highest behind-the-meter solar PV penetrations in the world. With % of all free-standing homes having solar PV and or solar hot water on their roofs. This, along with expensive electricity prices, is fueling the growth of energy storage across the country

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