Energy Insights 2021 Issue 5

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S H E A R M A N & S T E R L I N G L L P | 9 INSIGHTS Cross-border Renewable Power in Asia: A Sustainable Surge? The first of a three-part series on the challenges of cross-border Independent Power Projects ("IPPs") BY JEAN-LOUIS NEVES MANDELLI AND JOE FREEMAN Climate change concerns are rising alongside the surge in demand for power in Asia. Asian governments have made varying pledges, including net-zero pledges, to reduce greenhouse gas emissions over the coming years, and to significantly increase power generation from renewables. However, there is an increasing recognition that: (a) the best and most cost-effective renewable resources are not always located in the countries that are seeking to increase their renewable installed capacity; and (b) renewables can have a very large land footprint per megawatt ("MW"), which for densely populated and space constrained countries in the region can make developing them more challenging. Continued overleaf

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