Page 15 - AsiaElec Week 21 2021

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energy storage and microgrids. The investor partner for green hydrogen this cooperation with Orsted,” he said in a
has singled out Indonesia, Thailand, Vietnam statement on May 27.
and the Philippines as “first-priority markets”, and offshore wind power Orsted unveiled a green energy project in
followed by Malaysia, Cambodia and Laos. November 2020 to establish an offshore wind
Southeast Asia’s PV market has picked businesses. power complex with a potential capacity of
up pace in recent months. Indian solar up to 1.6GW near Kurop Island off the coast
company Fourth Partner Energy created a JV The Danish company has promised to of Incheon, a port city west of Seoul. The site
in March that will develop commercial and shape a competitive supply chain with local has relatively shallow water depths to allow
industrial solar projects in Indonesia, while companies for a major offshore wind power for cost-effective development. The project
Sunseap Group and utility Tenaga Nasional complex to be built off South Korea’s west requires about eight trillion won ($7.15bn).
Berhad recently announced a collaboration to coast. Orsted aims to commission the project
transport renewable electricity from Malaysia POSCO, a leading steel group in South from 2026 that could provide clean energy
to Singapore. Abu Dhabi-based developer Korea said that it signed a memorandum of to 1.4mn households and reduce carbon
Masdar has also revealed a “significant understanding with Orsted for comprehensive emissions by almost 4mn tonnes per year,
ambition” to expand its clean energy portfolio cooperation. making significant contributions to South
in the region by forming joint ventures with Orsted will develop offshore wind power Korea’s green energy campaign to achieve net-
other entities. projects and establish green hydrogen facilities zero emissions by 2050. LS Cable & Systems
This coming July will see more than in South Korea. POSCO will participate in the (C&S) secured a five-year deal to supply high
300 industry insiders connect online for production of green hydrogen and supply steel voltage export cables to Orsted.
the seventh Solar & Storage Finance Asia materials. Green hydrogen is produced from “POSCO selected hydrogen as a
Summit hosted by our publisher, Solar Media. water using renewable power. future growth engine and strives to find
Taking place from 6-8 July, the event will host POSCO said that its construction opportunities for green hydrogen business,”
upwards of 50 speakers from 25 countries subsidiary, POSCO E&C, would build Chun said. In February, the steel group
discussing the latest trends in Asia’s solar and offshore wind power structures, while POSCO forged a strategic alliance with South
storage investment markets. Energy will be in charge of green hydrogen Korea’s Hyundai auto group to develop
storage and hydrogen generation. The steel green hydrogen manufacturing technology
group would conduct research and feasibility using ammonia. POSCO would develop
studies. technologies to extract large amounts of
WIND POSCO’s strategic planning division hydrogen from ammonia and supply green
head Chun Joong-sun said the partnership hydrogen produced overseas to power stations
Orsted has selected POSCO would create “win-win synergy” through the and industrial facilities.
combination of POSCO’s business capabilities
POSCO
as a crucial business and Orsted’s operational know-how in the
green hydrogen sector. “Our green hydrogen
business will gain further momentum through

Week 21 26•May•2021 www. NEWSBASE .com P15