Southeast Asia has captured the attention of global energy lawyers in recent times, allured by the potential for investments in renewable energy projects. Notable presence is observed from players and investors originating from the Middle East, North America and Europe showing their increasing interest in this region.
However, lawyers have raised concerns about the scarcity of large, scalable projects in the region. This is in spite of the presence of an increased level of interest and ‘dry powder’ – an industry jargon for cash reserves – earmarked for renewable projects, thereby creating a paradoxical situation in the industry.
Though Southeast Asian projects are seemingly lucrative, the question remains: How substantial is the actual slice of the renewable pie that the region can offer to global energy lawyers and investors? For an answer, the industry will need to navigate the current dearth of scalable projects while maintaining the escalating interest among global players.
For a comprehensive understanding of the scenario, refer to this detailed coverage.