There is a large and growing corporate renewable electricity demand in Asia.
The Asia Clean Energy Coalition (ACEC) convenes a coalition of world-leading renewable energy buyers, in collaboration with sellers and financiers, to strategically shift policy in key Asian national and regional markets.
We amplify global, regional and local voices, to help accelerate the demand and supply of renewable electricity across Asia.
There’s an urgent need to raise awareness of the large and growing corporate renewable electricity demand in Asia. The policy and regulatory environments in many parts of Asia are not set up for cost-effective, efficient corporate procurement of renewable electricity and this must be fixed if these countries are to reach their decarbonisation goals.
Asia is one of the world's battlegrounds for the transition from coal power to clean energy. Buyers, generators and investors of clean energy can play a critical role in driving the transition in the region. There is huge potential for wind and solar power to transform Asia's electricity mix, providing accessible, affordable and large-scale power that can turbocharge sustainable growth.
Working with our partners and companies in this coalition, we look forward to nurturing more conducive policy environments for cost-effective corporate renewable energy procurement on the ground.
WRI and our partners in the Clean Energy Investment Accelerator recognize the current barriers to corporate decarbonization in Asia require urgent policy and market action. As part of a growing corporate decarbonization movement, ACEC helps the largest energy buyers in Asia collaborate with government on policy options for renewable energy deployment, faster supply chain electrification, improved energy security, and economic growth.
Providing clean and renewable energy solutions that are more affordable and accessible remain a key element in shaping a sustainable future especially in Asia, a major regional hub of economic growth. Samsung Electronics, with its headquarters and numerous operational sites in Asia, is excited to work with ACEC and its partners to support the region in this transition to drive climate action.
To mitigate the worst impacts of climate change, we must decarbonize electricity grids as quickly as possible – that is why Google has a goal of operating on carbon-free energy everywhere, at all times by 2030. Coalitions like ACEC are critical to unify energy buyers and align our voices to bring about the system-level transformation required for a carbon-free electricity future in Asia.
Since 2020, Meta’s global operations have been supported by 100% renewable energy. As our operations and value chain grow, access to renewable energy becomes ever more important. We helped found the Asia Clean Energy Coalition to highlight the importance of access to clean energy to companies’ sustainability goals.
We look forward to continuing to work with a broad array of energy suppliers, policy makers and other partners to bring additional new wind and solar energy to APAC grids. Together, we will send a powerful signal that can help transform APAC energy markets towards a cleaner future.
Accelerating the renewable energy transition and decarbonizing the energy sector is key to limiting global warming to 1.5°C. Countries in Asia have a big potential to transition towards renewable energy, so it’s critical to create the enabling policy and regulatory framework that the Asia Clean Energy Coalition is working towards.
We are delighted that Ingka Group can contribute to this as a founding member. For us, partnerships and collaborations have always been a cornerstone of our work, and this is more important now than ever to drive the next level of action.
Besides accelerating the transition to renewable energy in Asia, the coalition will also support us to reach our renewable energy targets.
As the world's largest corporate purchaser of renewable energy, Amazon is on a path to 100% renewable energy globally. We have 11 utility-scale renewable energy projects in the Asia-Pacific region with more than 1,000 megawatts of renewable energy capacity, including three new projects that we announced in India recently as a result of unlocking corporate renewable procurement options in the country.
We believe that the Asia Clean Energy Coalition will send a strong demand signal to encourage greater availability of corporate renewable energy options across Asia.
Amazon, Apple, Cisco, Enel Green Power, Google, Iberdrola, Ingka Group (Largest IKEA franchisee), Mainstream Renewable Power, Meta, Nike, Ørsted, Samsung Electronics and Sembcorp.