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While El Niño typically delivers warmer than average temperatures to Northern Asia, analysis from the Solcast API of conditions from December to February this year shows some winners and losers. In the north, a cloudy Lunar New Year impacted February irradiance and brought down the season average. . Figures are based on gross generation and do not account for cross-border electricity supply. Energy Institute - Statistical Review of World Energy (2025) – with major processing by Our World in Data This is the citation of the original data obtained from the source, prior to any processing or. . Plummeting Utility PV solar costs beat coal power to emerge as the cheapest power source in the region The cost of electricity generated from renewable sources, known as the levelised cost of electricity (LCOE), is declining significantly in the Asia Pacific (APAC) region and reached an all-time. . Although strides have been made in investing in and expanding capacity for renewable energy sources such as hydropower, wind, and solar, the proportion of renewables in the energy mix continues to lag behind growing demand. That's why UNDP is working with partners—including governments. . The Asia-Pacific (APAC) region is rapidly transforming its energy landscape, leveraging abundant natural resources and technological innovation to lead the global renewable energy market. In 2024, APAC accounted for more than half of global renewable energy capacity, led by China, India, and Japan.