What’s happening in the Asia Pacific renewables market?

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Since the Australian election in May, expectations have been high for a substantial increase in green energy investment from the federal government — especially given other countries across the Asia Pacific region have been making significant commitments for some time....

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HDI Global SE, Australia | Singapore | Hong Kong

11 May 2026

4 mins read

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What’s happening in the Asia Pacific renewables market?

Since the Australian election in May, expectations have been high for a substantial increase in green energy investment from the federal government — especially given other countries across the Asia Pacific region have been making significant commitments for some time.

An expert team from HDI Global recently explored the topic in a Lunch and Learn webinar: Asia Pacific Renewables: Trends, innovations and learnings.

The demand for power

Investments in solar and wind in the Asia Pacific region could double over the next decade reaching US$1.3 trillion, according to a 2021 analysis by Wood Mackenzie. In contrast, fossil fuel investments are expected to decline by about 25 per cent to US$54 billion a year.

Meanwhile, many countries in Asia Pacific are still advancing their economies, resulting in higher energy demands.

While also experiencing population growth, the region has sometimes been described as an ‘engine room’ of global power demand that will account for nearly two-thirds of growth by 2050.