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Rising oil prices could strengthen the appeal of electric vehicles (EVs) in Southeast Asia, particularly as expanding renewable energy capacity continues to push electricity costs lower, economists at the Asian Development Bank (ADB) said.

The closure of the Strait of Hormuz has reignited debate over accelerating bioenergy development as an alternative to fossil fuels. Indonesia, the world’s largest palm oil exporter, is considering reviving its B50 biodiesel program.

Careful due diligence, trusted local partners, and early coordination with grid operators are becoming critical to meeting project timelines.

The conflict between the U.S. and Iran has entered its second week, pushing up prices of oil, natural gas and other energy commodities. Volatility in global energy markets has raised concerns that the conflict could further disrupt energy supply chains.

The Middle East sits at the center of global oil and natural gas trade. Following a strike on Iran by the U.S. and Israel, fossil fuel prices have swung sharply, fueling concerns over inflation, raw material costs, and supply chain stability.

Indonesia’s plan to export solar power to Singapore has run into obstacles, with several projects showing little progress since companies signed memorandums of understanding (MOUs) in 2023.

Thailand is expected to form a new government this month, potentially clearing the way for delayed renewable energy policies and a new power development plan.

The Iran war has pushed global gas markets back into focus. Biomethane could be a renewable substitute for natural gas, particularly in regions seeking to strengthen energy security while accelerating decarbonization.

As Taiwan accelerates renewable energy deployment and continues to liberalize its electricity market, maintaining grid stability has become an increasingly pressing challenge.

Despite uncertainties, Chinese wind companies are making headway including a plan to build the UK's largest turbine plant.