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Energy

Southeast Asia energy buyers grab chance to lock in green deals

Longer-term manufacturing shift from China expected to boost power demand

Solar and other renewable projects are becoming more competitive in Southeast Asia.   © Reuters

TOKYO -- Investment in renewable energy in Southeast Asia is holding up despite the economic pressure of the coronavirus pandemic, with many business buyers seizing chances to lock in low-cost power supplies for the long term, according to companies in the sector.

Several renewable energy providers told the Nikkei Asian Review that their corporate customers were speeding up decisions to sign up to "power purchase agreements" -- deals for several years' worth of energy -- for renewables such as solar power.

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