APEC Regional Study: Renewable Energy Financing and Investment for Grid-Connected Wind and Solar

The Asia-Pacific region is growing rapidly, combining population and market expansion with consistent economic growth and greater purchasing power. This trend has resulted in increasing regional and domestic requirements for sustainable, affordable, and reliable energy access. APEC Ministers and Leaders agreed in 2014 to a goal of doubling the share of renewables in the APEC energy mix by 2030 as part of the approach to meeting this growing demand. Wind and solar, two dominant renewable technologies, are undergoing a global revolution with rapidly increasing installations driven by a range of technical, economic, regulatory, and institutional factors. This report first highlights several success stories from both within APEC and outside of APEC and then provides recommendations categorized by type of barrier and enabler: technical, economic, regulatory, and institutional.