AI boom to triple APAC power demand: What does it mean for energy developers?

Surging AI data center demand is driving power needs across Asia Pacific, opening new opportunities for Taiwan’s energy developers in overseas markets. (Photo: iStock)

As AI infrastructure scales rapidly, demand for stable and clean power is beginning to reshape electricity markets. This shift is creating new opportunities for Taiwan’s energy developers to expand beyond domestic constraints and position themselves in overseas markets.

In Asia Pacific, data center capacity is growing at a pace few power systems were built to support, said Anujesh Dwivedi, Power, Utilities & Renewables Leader at Deloitte Asia Pacific. Regional capacity is projected to rise from around 36 GW in 2024 to 92 GW by 2030. Growth remains concentrated in established hubs including China, India, Australia, Japan and Singapore, while Malaysia and Indonesia are emerging as new investment destinations, he noted.

“This is the best moment Taiwan’s power industry has ever had to position itself for the future,” said Terry Tsao (曹世綸), Global Chief Marketing Officer and President of Taiwan at SEMI, at a webinar held on March 26.