Building on Asia’s booming electricity demand over the past 12 months, growth is expected to exceed 8% in 2022. “Fears over both Omicron and a collapse in China’s real estate sector are overblown,” says WoodMac’s head of Asia Pacific Power & Renewables, Alex Whitworth. It’s rather that China’s resilient manufacturing sector and strong export growth will keep driving up demand, along with prices of coal and LNG.
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