In this live studio interview at Asian Utility Week, Mathias Steck, senior VP and regional manager of energy and renewables advisory, DNV GL, talks about how renewable power is changing the technology landscape in Asia.
Asia’s renewables revolution
Mr Steck points out that not only is renewable power environmentally friendly, it is also relatively cost-efficient, and flexible which enables utilities to deploy close to loads. “There is a big opportunity for countries in Asia with low electrification levels to build up generation very fast. I see a revolution ahead especially when the renewable generation is combined with energy storage.”
He also talks about the increasing interest in offshore wind in Asia. While the developmental costs are relatively high and it takes time to build, many emerging countries are looking towards developing offshore wind. Currently, DNV GL is putting together an offshore energy roadmap for India in conjunction with the Ministry for New and Renewable Energy in India and the European Union.
China is also turning its attention to offshore wind development and Mr Steck is optimistic that it will see tremendous growth if onshore wind is anything to go by.
Offshore wind creates opportunities for Asia
Offshore wind power creates many opportunities for South East Asia. It will help grow low electrification rates and help islands become energy independent. Renewables and smart grids are set to become the solution to many problems, says Mr Steck.
In recognition of these opportunities, DNV GL opened the Cleantech Energy Centre in Singapore which responds to the demands for clean energy, sustainability, renewable integration and research and development. The company contributes 5% of their earnings into research and development to help Asia further develop renewables.
Government support is growing in Asia
Every government seems to understand the importance of renewables development and adoption, explains Mr Steck. He says that often policies and regulation can “get in the way of development, but that is because some don’t understand the full picture.” He says it is important that renewables development is viewed in a holistic manner and then its full value will be better understood. “Our mission is to go into these countries and help renewables development.”
He concludes: “Our motto is ‘smarter, greener energy’ and the transformation into this. I want people to see the opportunities instead of the challenges. Renewables will help to achieve sustainable growth.”