A total of 249 gigawatts pf major hydropower and non-hydropower renewables is expected to go online across Asia by the end of 2030, Fitch Solution reported.

Of this, some 31% will be contributed by China, whilst the other 68% will be from India, according to its Key Project Database.

“We expect Asia to be a strong performer in hydropower and non-hydropower renewables, with robust capacity growth in the coming decade, increasing the supply of Renewable Energy Certificates (RECs) in the region,” Fitch said in a report.

RECs serve as an instrument for companies to prove the decarbonisation of their electricity sources and support capacity. This also allows markets, particularly Asia, to attract investors who may be interested in renewable projects.

Guest post from Asian Power