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Innovative Approaches for Scaling-up Renewable Energy Deployment in APEC Region

Cover_222_EWG_Innovative Approaches for Scaling-Up Renewable Energy Deployment
Published Date July 2022
Type of Publication Reports
Publication Under SOM Steering Committee on Economic and Technical Cooperation (SCE), Energy Working Group (EWG)
Accessed 464
Pages 183
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The project assesses the status and current situation of renewable energy (RE) development in APEC region, focusing on renewable electricity supply, through a holistic approach, the project examines the RE related domestic policies, regulations and development targets, analyzes the conditions for RE deployment, namely resources endorsement and factors associated with the costs of RE technologies, their composition and recent trends. The role of innovation and technology advancement are evaluated, as well as the infrastructure support for RE development such as measures to raise the flexibility of power system and effective electricity market operation. The barriers and drives for RE development are analyzed from the perspectives of investment environment and business condition. With its increased importance, the potentials and issues related to the applications of distributed RE resources are addressed. The workable methods supporting to achieve universal electricity access are detailed through case studies. The report ends with the case studies on the solar PV sector development and solar PV project deployment. Suggestions and recommendations are put forward to effectively promote and accelerate RE development, and scaling-up RE applications in APEC region.