1H 2023 Update & Highlights
DEVELOPMENT PIPELINE
39 GW of development pipeline comprising over 200 projects across business units
Breakdown
Breakdown by Business Units:
Development Stages
16%
33%
Early-stage
Identified
Most advanced
Assessed
Technically
Feasible
Commercially
Feasible
Ready-to-Contract/Bid
39GW
As of 1H 23
c. 23GW
c. 12GW
Stages determined by five key development milestones covering:
1) Site Control
2) Offtake/Revenue Streams
3) Permitting
4) Interconnection
Offshore
Storage1
5) Technical and engineering assessment
c. 4GW
✓ Land exclusivity secured /
awarded at tender
✓ Offtake negotiations advanced
✓ Pre-construction development
permits received
✓ Grid rights secured / awarded at
tender
Engineering design & technical
due diligence completed
51%
Onshore
Breakdown by Regions:
3%
20%
33%
39GW
As of 1H 23
Japan
Southeast Asia
44%
North Asia & Australia
■India
1H 2023 Development Updates
■ ~1GW additions to Ready-to-Contract/ Bid pipeline driven by the progression of onshore
development projects in South-East Asia
■ ~1GW additions to Technically and Commercially Feasible pipeline including onshore projects in
South-East Asia, Japan, and India and energy storage projects in Japan
■ ~1GW progressed from Assessed pipeline, predominantly across North Asia and Australia
VENA
ENERGY
Notes: (1) Storage includes battery energy storage system and green hydrogen
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