Asia Is Driving the World’s Largest Expansion of Power Generation Capacity
Demand across Asia is driving simultaneous expansion in renewable generation, fossil fuel capacity and electricity grids
Demand across Asia is driving simultaneous expansion in renewable generation, fossil fuel capacity and electricity grids
Rapid growth in batteries, EVs and solar technologies is reinforcing China’s position at the centre of global clean energy supply chains.
Rising imports of semiconductors, energy and industrial inputs point to renewed industrial activity.
Diverging energy import dependence across Asia is enabling more targeted investment across the region.
Global gas trade is in a new phase in 2026 amid a structural shift from pipelines to shipborne LNG.
China and the U.S. account for 36% of the world’s oil refining capacity, and only five economies control half of the world’s capacity.
China is the world’s largest consumer of energy and runs large trade deficits for primary fuels, especially crude oil and petroleum gases.
The future of energy is clean and electric, with record investment of USD 2.2 trillion in clean energy in 2025, led by China.