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Headquartered in London, and with a global remit, JERA Nex has a portfolio of renewable assets that includes offshore wind in Europe, Taiwan and Japan, and onshore wind, solar, and battery
More energy storage investments are also needed across the rest of South-east Asia. The region is set to account for 25 per cent of global energy demand growth up to 2035, second only to India, according to the IEA. This will be more urgent as solar energy becomes increasingly economical.
But to seize this opportunity, the region will have to ramp up investments in energy storage systems. The US recently imposed tariffs of as high as 3,500 per cent on solar exports from four South-east Asian markets: Cambodia, Malaysia, Thailand and Vietnam. These countries accounted for nearly 80 per cent of US solar imports.
Southeast Asia's exponential growth in electricity demand, averaging over 6% annually over the past two decades, has created an urgent need for reliable and flexible energy storage solutions. This surge in demand is primarily driven by increasing ownership of household appliances and rising consumption of goods and services across the region.
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