Clean Energy and Power Trade Development in Southeast Asia

About

World Bank is launching a multi-year regional technical assistance program, Clean Energy and Power trade development in Southeast Asia with ASEAN Centre for Energy (ACE) as its Implementing Agency. The proposed program is part of the Multi-Phased Approach (MPA) program, Accelerating Sustainable Energy Transition (ASET or “Initiative”), which aims to accelerate renewable energy (RE) development in ASEAN countries including analytical support and capacity building to develop RE investments and promote regional power trade. The proposed ASET initiative is designed to be in line with World Bank’s Global Challenge Program on Energy Transition (GCP-E).

Objectives & Goals

The program has three main activities: I. Regional RE policy support and climate finance – designed to provide analytical support on policy issues and capacity development required on regional level to facilitate development and financing of RE investments, II. Regional Power Trade – Building upon dialogue and experience that ACE has accumulated based on their ASEAN regional grid concept, this set of activities aim to provide additional technical support to start transboundary power trade within Southeast Asia, III. Knowledge Sharing, Consultations and Capacity Building

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