Southeast Asia's Clean Energy Surge at Risk Amid Grid Capacity Constraints
South East Asia has been hit hard by the energy crisis stemming from the War in Iran, leaving many nations struggling to shore up localized energy supply chains.
The Strait of Hormuz closure in February cut off 20% of global oil and gas flows, with approximately 80% of oil and 90% of natural gas exported through the channel destined for Asian markets.
South East Asia's high dependence on energy imports and low economic capacity to absorb market shocks made it particularly vulnerable to price volatility.
The crisis has kickstarted a renewable revolution in the region, but its success is at risk if South East Asian nations don't expand and reinforce their energy grids as a priority.