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ISSUE #89

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© Independent Power Asia (ISSN 1468 7100)

With the Asia-Pacific (APAC) region expected to generate over half of the world’s energy by 2030, leading data and analytics company GlobalData reports that energy decisions made by the leaders of APAC countries in the next few years will have a significant impact on the battle against climate change.

As economies grow, so will consumption - such growth is often reliant on increasing the use of fossil fuels. GlobalData’s latest report: ‘Tech in 2030 –Thematic Intelligence’, reveals that the APAC region is expected to experience the highest growth in energy production with power generation rising 3.9% every year between 2022 and 2030, compared to the 1.8% in Europe and 1.4% in North America. There are concerns about whether renewable development will be able to keep pace.

Robert Penman, Thematic Analyst at GlobalData, tells IPA: “Traditionally, growth has been reliant on increasing fossil fuel use, which is at odds with the burning need to decarbonise and limit the effects of climate change.

“Climate change will increase energy demand and consumption even further. For example, air conditioning systems will be increasingly necessary around the world. The APAC region has some incredible potential for renewable development, but it is clear that the decisions made by leaders in this region between now and 2030 will be felt all around the world.”

Acorss the Asia-Pacific region China, Mongolia, and Australia hold the greatest largest potential for renewables in APAC. The APAC region is expected to generate 43% of its energy from renewable sources by 2030, driven by investment in China and Australia, as well as the high potential in Mongolia.

Penman concludes: “China is a clear winner when it comes to renewables in the APAC region. It has invested heavily in both solar and wind, and its highly productive companies will export these technologies and the necessary infrastructure worldwide. Meanwhile, Australia will benefit greatly from the energy transition as it has access to key raw materials and enormous solar power potential - useful for hydrogen production. Last, but not least, Mongolia has the potential for 2.6 terawatts of renewable energy production. Major advances in battery storage would allow significant energy exports from this country.”

APAC and the MEA are the only regions which are projected to not exceed 50% generation from renewables/low carbon sources by 2030.

[www.globaldata.com]

AIDAN TURNBULL Managing Editor

LEADER AND NEWS FROM THE ASIA-PACIFIC REGION

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DIESEL GENSET FOR THE HIRIWADUNNA WATER PLANT A TEKSAN 1000 kVA cgenset is helping Sri Lanka’s water system.

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DIESEL GENSETS (4 X 3250 KVA) INSTALLED IN S.KOREA

Four KD3250UE generators and customised a master control panel were provided to synchronize a power system for a data centre customer in South Korea.

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NEW GRID-CONNECTED BESS FOR NEW ZEALAND

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NEW GAS-FIRED COGENERATION POWER PLANT Iltekno successfully commissioned a power plant for the FT Textile Group LLC. It is Uzbekistan’s first cogeneration power plant based on gas engines and provides a secure power supply and low energy costs.

20

PROTOTYPE HYDROGEN ENGINE SUCCESSFUL IN RECENT CHINA TRIALS

China Yuchai International Limited has announced that the company’s YCK05 hydrogen-fuelled engine achieved stable ignition and operation in a recent demonstration at the Beijing Institute of Technology.

Saft, a subsidiary of TotalEnergies, has been awarded a major contract by Meridian Energy. It will build New Zealand’s first large-scale grid-connected BESS to be located at Ruakākā in the country’s North Island. 21

CLASSIFIED DIRECTORY OF EQUIPMENT & SERVICES

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ENGINE MANUFACTURERS GUIDE

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