Asia Power Q4 2019
Asia will remain the fastest expanding regional power market in the world by far over the coming decade, aided bycontinued robust growth in China and India, as well as rapid growth from relatively low bases across Southeast and South Asianmarkets. We forecast nearly 4,800TWh of net power generation growth over the coming decade, of which the non-hydrorenewables sector will make up the biggest share with its net 1,440TWh. This strong renewables outlook can be attributed to Chinaand India looking to the sector to drive power generation mix diversification efforts, however we do stress that existing thermalgeneration will continue to dominate the overall power mix, with coal in particular making up 50% of total generation by 2028,compared to non-hydro renewables' equivalent 14.5% share.
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