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Renewable Energy Outlook For Asia Pacific 2012

Renewable Energy Outlook For Asia Pacific 2012

For Asia Pacific, the top six predictions for 2012 are:

1. Conventional Power Generation & T&D Infrastructure Development will be the strongest and largest source of revenue for power equipment industry.

2. There will be a 20 % growth in the renewable energy markets in 2012, in terms of total investments.

3. There will be a 10 percent increase in capital expenditure on Oil & Gas for refining capacity in 2012

4. Government support will assure 13.7 percent growth in the energy markets.

5. Large companies will continue to find mergers for smart grid solutions, but utilities will only slowly adopt smart grid technologies in Asia Pacific.

6. Some major policies emerging from the Durban Climate Change Talks

According to Frost & Sullivan report, in Asia Pacific the strongest driver for renewable energy will be; Energy Security & fuel Diversity; Emphasis on Smart Energy; Growth in Energy Demand and Investment in new Infrastructure. These 4 drivers are going to support a 20 percent growth in renewable energy in the Asia Pacific markets in 2012.

Yet, there are some key restraints such as; economic uncertainty; project cost & currency fluctuation and delayed market liberalization, which is going to act as challenges for a constant growth. Efficient government support will, however, help to tackle a high degree of the restraints.

Source: Frost & Sullivan (Slide 5)

For the field of solar energy, China will act as powerful global manufacture of solar-energy solutions. She will also be one of the fastest growing solar markets in Asia, particularly for on-grid Solar PV. Other markets such as Malaysia have had Panasonic and Bosch investing heavily in PV manufacturing plants. Yet, Thailand is expected to have a weak progress in the solar market due to floods.

In Japan feed-in tariff is will help solar PV to be sustained, and experience a favorable growth. In other countries such as Australia, government policies such as imposition of ‘Carbon Tax’ will support the solar market to grow.

Forecast for Solar PV Installed Capacity in 2012

- Total Capacity installed 5,330 MW
- Market growth of 38.6 percent
- Japan represent 2,600 MW
- China Representing 1,360 MW
- India Representing 450 MW
- Australia representing 450 MW
- Korea representing 150 MW

In 2012, Asia Pacific will remain the world’s fastest growing market, in relation to its new installed capacity followed by North America and thereafter Europe. Besides, in Asia Pacific, china will be the largest consumer of renewable energy due to its strong demand of power. In the China, there will be drive to go towards offshore wind power.

Forecast for Solar PV Installed Capacity in 2012

- Total World Capacity Installed 21, 257 MW
- A Capacity growth of 26.7 percent
- China representing 15,000 MW

Nevertheless, coal fired power plants will maintain the strongest capacity creation. But, the emphasis will be on ultra supercritical boilers and other systems where pollution can be controlled and minimized. In countries like India, China, Indonesia, Vietnam and Mongolia there will be an attractive demand for coal power in 2012. In overall, conventional power can expect an anticipated investment of $130 to $140 billion which represents a growth of 4 to 5 percent, but as mentioned the focus will be on clean coal fired generation plants.

In the expansion of smart grids, companies such as Schneider, CISCO and Toshiba will start to invest more attention. They will foster strategic international partnership to deploy new smart grid technology into countries. The expected investment is US$ 10 billion, which represent a growth of 60 to 70 percent, since 2011. The key markets for smart grid in Asia Pacific will be China, Australia, Korea and Thailand. There are currently smart grid projects which are reaching its completion stage in Korea and Australia.

Source: Frost & Sullivan (Slide 15)

Source: Frost & Sullivan

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RPN's contributed to this report.

Professional freelancer in Green Technology and Scientific Development. Educational background in the field of Human Resources Management.

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