Category: Interviews

“Renewable power and hydrogen will be future engines of growth”: ISA’s Dr Ajay Mathur

Round-the-clock (RTC) renewable electricity will soon become competitive with fossil fuel-based power. This is expected to happen across all geographies between 2022 and 2030. However, going forward, this must become the default strategy or priority as far as energy supply is concerned – whether for political decision-making or, more importantly, financial decision-making.

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Hydrogen will play a key role in mobility & industry sectors: Commisioner McAllister

Hydrogen, and green hydrogen in particular, has become a topic for discussion and action across the United States, especially in the western state of California. It has also come up with initiatives to promote the uptake of hydrogen, which is a key piece of the puzzle for reaching net zero emissions. At the virtual conference on Green Hydrogen US hosted by Global Transmission Report with support from REGlobal, the Honorable J. Andrew McAllister, Commissioner, California Energy Commission, shared his insights on green hydrogen related developments in the state.

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We plan to quadruple solar energy production by 2025: Lee Hsien Loong, Prime Minister, Singapore

As a financial hub, Singapore can help the global push for sustainability through green finance, fintech and capability building. We have launched a USD2 billion Green Investments Programme. This will support the development of carbon trading and services, sustainability consultancies and environmental risk management. One promising area is emissions verification, including using new technology to measure the carbon footprints and monitor abatement commitments of businesses.

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Limited supply chain poses a key challenge for offshore wind in Asia: Swancor’s CEO Lucas Lin

With governments in Asia Pacific increasing their focus on developing low-carbon economies, offshore wind is being included as a key component of their energy transition strategies. Countries such as Taiwan have set ambitious targets. However, several challenges still need to be addressed – one of them relates to the development of the corresponding transmission infrastructure, both offshore and onshore.

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Taiwan has fast emerged as a key offshore wind market: SG CIB’s Daniel Mallo

In the APAC region, offshore wind will act as an accelerator of the energy transition. Taiwan has fast emerged as a key offshore wind market in the region. Japan is clearly the next upcoming market. South Korea could be a very big market for floating offshore wind owing to very conducive conditions for this type of offshore wind installations. Vietnam is another potential market owing to tremendous fundamentals.

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California represents almost half of the EV sales in the US: CPUC’s Clifford Rechtschaffen

Electrification of transport has gained significant momentum in the United States, especially in the state of California. The state, reputed for its commitment to clean and renewable energy has taken several initiatives over the past decade to move towards carbon neutrality. Clifford Rechtschaffen, Commissioner, California Public Utilities Commission talks about the key initiatives undertaken by California in this space and the way forward.

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There is a need for a strong offshore wind supply chain: Ocean Winds’ Daniel Finch

Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.

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Huge potential in the Baltic sea for offshore wind power: Estonia’s Timo Tatar

The Baltic sea is surrounded by countries with ambitious carbon neutrality targets and climate action goals. Estonia is not far behind, with a target of 70 per cent carbon dioxide reduction by the year 2030. The country also targets to achieve climate neutrality by 2050. To achieve climate neutrality and renewable energy targets, we have to focus on offshore development in addition to onshore projects.

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Offshore wind is expected to grow faster than onshore in Europe: EU’s Joachim Balke

Offshore energy is slated to play an instrumental role in building a power system largely based on renewables to reach the 2030 and 2050 energy and climate objectives. This net-zero objective is ambitious and will require an array of policy changes in sectors beyond energy as well. Offshore wind has the potential to contribute to a sustainable and inclusive post-Covid-19 recovery.

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Any disruption to the solar industry will be temporary: REC Group’s Steve O’Neil

Current projections suggest that by 2030-35, generation costs for utility solar will reduce even further to 1 to 2 USD cents per kWh in sunny locations. This means that building new solar power plants will not only be cheaper than operating already-built coal plants, but cheaper than fossil fuel plants in general. The uptake of solar power will certainly accelerate the phasing out of coal and other fossil fuels.

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