45% of future global renewables and clean energy investments will be made in Asia attracting US$1.5 trillion in clean energy investments for the next 10 years
Singapore, Singapore--(Newsfile Corp. - October 22, 2021) - With an expected 60% growth in Asia's energy demand by 2040, ASEAN Ministers have pledged (*1) that by 2025, 23% of energy in this region will come from renewables. At the "Asian Clean Energy Summit 2021 (ACES)" to be held at Marina Bay Sands Convention Centre in Singapore from 26 to 28 October 2021, Ministers from Indonesia, Philippines, Singapore and Cambodia will provide exclusive insights on their strategies to achieve this goal and investments to be made.
With the world recovering from the pandemic, the global economy has seen strong economic growth and deeper commitment for decarbonisation. 2020 saw a huge 280 gigawatts (GW) of renewable capacity, primarily wind and solar, installed globally, 45% higher than 2019, according to International Energy Agency (IEA) (*2). The trend is set to accelerate new technology innovation in renewables, hydrogen and carbon capture and storage (CCS) solutions, and escalate investments in clean energy.
To meet these needs and ensure sustainable development, the region will need to develop clear policies, leverage new technology innovation in renewables, hydrogen and carbon capture and storage (CCS) solutions, and accelerate investments in clean energy.
Organised by SEAS and dmg events, the ACES 2021 conference and exhibition is the first post-COVID and pre-COP 26 trade opportunity for more than 3,000 regional energy leaders to meet 'live' and in-person to collaborate on critical issues and programs for harnessing clean energy and drive decarbonisation and clean energy transition agenda forward in Southeast Asia. Supported by leading government agencies, research institutes and the industry, ACES 2021 will feature energy ministerial keynotes, global CEO dialogues, and fireside chats by a slate of over 70 luminaries, including government ministers, utility leaders, Asia's top developers and financiers and leaders, who will reveal exclusive projects and investment insights at ACES 2021.
Ministerial and Industry Leaders converge
ACES 2021 will be opened with a keynote from H.E. Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Singapore, followed by Energy Ministerial Keynotes from H.E. Arifin Tasrif, Minister of Energy and Mineral Resources, Indonesia, H.E. Jesus Posadas, Senior Undersecretary, Department of Energy, the Philippines, and H.E. Ith Praing, Permanent Secretary of State, Ministry of Mines and Energy, Cambodia.
ACES 2021 shall focus on clean energy technologies and policies, with deep dives into topics such as hydrogen, RE100, carbon capture, solar innovations, electric vehicles (EV), and wind energy. Some of the key topics to be addressed in ACES 2021 include:
- Energy Ministerial Keynotes - Accelerating ASEAN's Energy Transition
- Global CEO Dialogue: ASEAN Utilities & Age of Transformation
- Fireside Chat: What is Ahead for Energy Sector?
- Developer's Dialogue: Renewable Energy Projects in South East Asia
- Panel: Green Hydrogen's Role in Southeast Asia Energy Transformation Roadmap
- Panel: Is Southeast Asia Ready for Electromobility?
- Panel: Carbon Capture, Utilisation and Storage (CCUS) in Southeast Asia
- Panel: Making Southeast Asia a Clean Energy Centre with Corporate Renewable Energy
ACES energy leader speakers include:
- Frank Phuan, CEO & Executive Director, Sunseap Group
- Stanley Huang, Group Chief Executive Officer, SP Group
- Thibault Godefroy, Power System Vice President, Asia Pacific, Schneider Electric
- Alexander Lenz, CEO APAC, Aquila Capital
- Raghuram Natarajan, Chief Executive Officer, Blueleaf Energy
- Eduardo Karlin, Head of Commercial and Biz Devt - APAC, Mainstream Renewable Power
- Mark Tan, Head - National Electric Vehicle Centre, Land Transport Authority (LTA) Singapore
- Fraser Thompson, Co-Founder and Chief Strategy Officer, Sun Cable
- Mason Wallick, Managing Director, Clime Capital
- Jean-Philippe Buisson, CEO of Asia, EDF
- Andrew Toh, Vice President, Sembcorp Energy Vietnam
Prominent exhibitors include Sun Cable's Australia-Asia PowerLink (AAPowerLink), a high-capacity solar, storage and transmission system worth in excess of US$ 22 billion, that will transmit large volumes of renewable electricity from the Barkly Region of the Northern Territory to Darwin and the Singapore markets, and one of the world's largest renewable energy infrastructure projects.
"We are building a system that integrates solar, storage and High Voltage Direct Current (HVDC) transmission technologies, to meet the large-scale demand for renewable energy. We want this world-leading project to create a step-change in the region's capability to achieve net zero ambitions and economic growth sustained by renewable energy, in line with Singapore's Green Plan 2030. Sun Cable is proud to be engaging with many of Singapore's progressive companies, which have embraced sustainability, and we also look forward to continuing to work across Singapore, Indonesia and Australia to deliver this project," said David Griffin, CEO of Sun Cable.
Event highlights include:
Launch Of Singapore Standards (SS) 673 on the Code of Practice for RECs
With sustainability becoming mainstream and a priority amongst businesses, there is increasing number of companies looking into the purchase of Renewable Energy Certificates to realise their climate and sustainability commitments.
A renewable energy certificate (REC) is a market-based instrument representing the ownership of the environmental and other non-power attributes of electricity generated from a renewable energy source. One REC represents one megawatt-hour (MWh) of electricity generated from a renewable energy source delivered to the grid or load. The RECs represent can be procured by electricity users to substantiate their renewable electricity use.
In 2020, Sustainable Energy Association of Singapore (SEAS) and National Environment Agency (NEA) initiated the development of SS 673:2021 Code of Practice for Renewable Energy Certificates, which was managed by Standards Development Organisation at Singapore Chemical Industry Council (SDO@SCIC). SS 673 aims to standardise a common framework and set guidelines on the issuance and management of RECs for the REC eco-system. This facilitates a consistent, trustworthy and transparent marketplace for RECs and promotes the use of certified renewable electricity.
The Singapore Standards (SS) 673 on the Code of Practice for RECs will serve as a standardised guideline for the industry on the production, tracking, management, and usage of RECs for making renewable energy claims in Singapore - a first of its kind in Southeast Asia. Its development was overseen by Singapore Standards Council (SSC) and Enterprise Singapore (ESG), and is a joint effort by the National Environment Agency (NEA), the Sustainable Energy Association of Singapore (SEAS), the Energy Market Authority (EMA) as well as representatives from industry stakeholders and academia. This process took into account international practices and domestic considerations.
The new standard will help enhance the credibility and accountability of RECs issued from renewable energy projects, and of RECs that are used to make renewable energy claims in Singapore.
PowerACE Virtual Pitching Competition
12 selected global and local start-ups in the sustainable energy space will be participating in the PowerACE virtual pitching competition on 27 Oct 2021 at 2pm SGT. In its 4th staging the PowerAce competition is part of the Sustainable Energy Start up Network (SESUN) program managed by SEAS, that builds ecosystems for these promising young companies. Winners chosen by a stellar panel of judges will be announced at about 5.45pm SGT.
"We are proud to be hosting the 8th edition of 'Asia Clean Energy Summit (ACES)' in Singapore, heralding a new age of post-pandemic business and economic revival, while also showcasing the best intellects and practitioners converging at this Summit for bringing Clean Energy to this region and beyond," says Kavita Gandhi, Executive Director, SEAS spokesperson. "At the Summit, we bring clean energy technology, policy and finance, with support by leading government agencies, research institutions, and industries. Practitioners and leaders can meld best practices and exchange cutting-edge strategies to harness clean energy for the future, one which Asia is a key player in."
For more information on "Asia Clean Energy Summit 2021 (ACES)", please visit https://www.asiacleanenergysummit.com.
Linkedin: Asia Clean Energy Summit
About Sustainable Energy Association of Singapore (SEAS)
The Sustainable Energy Association of Singapore (SEAS) represents the interests and provides a common platform for companies in renewable energy, energy efficiency, carbon management, e-mobility, smart grids and financial Institutions to meet, discuss, collaborate and undertake viable projects together. The Association is a non-profit, non-government business association, and its mission is to assist its members in achieving sustainable growth locally and regionally through business and market development. SEAS plays a strategic role in supporting and promoting Singapore's vision to be a global centre for sustainable energy, where products and solutions are developed and exported. For more information about what the association does and its services, please visit www.seas.org.sg.
About dmg events
dmg events, a wholly-owned subsidiary of the London Stock Exchange listed Daily Mail and General Trust Inc (DMGT), is an international exhibitions and publishing company with a portfolio of 84 exhibitions each year attracting 425,000 visitors. Headquartered in Dubai, UAE since 1989, the company has operations in Saudi Arabia, Egypt, the UK, South Africa, Canada, and Singapore. The company is 300 strong, nurturing professional communities for diverse industries including construction, energy, coatings, transportation, hospitality and interiors. Visit https://dmgevents.com.
*1 - https://asean2019.go.th/en/news/joint-ministerial-statement-of-the-37th-asean-ministers-on-energy-meeting/*2 - https://www.weforum.org/agenda/2021/05/exceptional-new-normal-iea-raises-growth-forecast-for-wind-and-solar-by-another-25/
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