The Asia-Pacific region is undergoing a significant transformation in its energy landscape, with a growing focus on renewable energy sources such as solar, wind, and offshore technologies. The global renewable energy market size was valued at USD 1.1 trillion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2030. India, China, Vietnam, and South Korea are among the countries leading the charge in the region’s renewable energy transition.
India is actively expanding its renewable energy capacity through high-profile acquisitions and capital infusion into solar and wind projects. The country is fostering a favorable environment for both domestic and international stakeholders, with a clear emphasis on scaling up its clean energy platforms. China, on the other hand, continues to demonstrate strong leadership in the renewable energy market, with significant growth in installed renewable energy capacity. Wind and solar projects are now taking precedence over conventional power sources in the country’s energy strategy.
Vietnam and South Korea are also making notable progress in expanding their renewable energy capacity. Vietnam has implemented new regulations aimed at fostering growth in offshore wind power, while South Korea has introduced a transformative legislative framework to accelerate the deployment of offshore wind energy. However, Southeast Asia faces challenges such as infrastructure limitations and inconsistent policy execution, which hinder the pace of development.
Despite these challenges, the outlook for the renewable energy market in the Asia-Pacific region is optimistic. As nations continue to align their energy strategies with environmental priorities, the market is poised for continued expansion. Investments in grid modernization, regulatory reform, and technological innovation will be critical in enabling a more resilient and sustainable energy ecosystem. The region is positioned to be a global leader in renewable energy, playing a vital role in the broader transition to a low-carbon future.
Adani Green Energy, a leading player in the Indian renewable energy market, is scaling up its solar power leadership in India’s 2025 renewable surge. The company’s efforts are contributing to India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030. With the region’s renewable energy market expected to continue growing, companies like Adani Green Energy are well-positioned to capitalize on the opportunities presented by the transition to a low-carbon economy.Overall, the Asia-Pacific region’s renewable energy market is on the rise, driven by government policies, investments, and technological advancements. As the region continues to transition towards a low-carbon future, it is likely to play a significant role in shaping the global energy landscape.