Page 14 - AsiaElec Week 15 2021

AsiaElec NEWS IN BRIEF AsiaElec

SOL AR electricity sector, has today announced the Singapore the benefit of AECO’s direct
launch of its operations. AECO Energy will relationship with generators of International
India closing in on 7 GW of be the first-of-its kind energy technology Renewable Certificates (I-REC). This
enables Southeast Asian markets the benefit
and services company aimed at innovating
rooftop solar customer-centric offerings in electricity and of medium- to long-term low-cost and
structured REC solutions to meet renewable
renewable energy markets.
India’s cumulative installed capacity of rooftop With over 12 years of experience in energy targets and sustainability goals. This
solar stood at 6,792 MW as of December 31, delivering open market electricity services translates to more profits by providing more
2020, with 1,352 MW having been added in and solutions to businesses in Australia under predictable costs for businesses in meeting
the year 2020. The commercial and industrial the Power Choice brand, AECO Energy is their sustainability and renewable energy
(C&I) sector is the biggest adopter of rooftop bringing its second generation of services and goals.
solar, accounting for 71% (4,842 MW) of the technology to Singapore for the first time. “As a specialised company, unburdened
cumulative installed capacity. Residential AECO’s second generation delivers on two with corporate overheads and distractions
rooftops aggregated to 1,107 MW and public major offerings. from Singapore’s local market participants,
sector installations 843 MW—according to Firstly, AECO delivers the ‘last mile’ of we can offer companies who are based
the latest rooftop solar map produced by value in Singapore Open Electricity Market anywhere in Southeast Asia, sustainability
Bridge To India. (OEM) value chain by providing innovative and renewable energy solutions that span
The capital expenditure (Capex) model— services to assist businesses to manage, plan markets and countries at a lower and more
wherein consumers finance and own the and make better buying decisions. predictable price. We are honoured to play
system and hire an EPC company for the AECO is all about enabling increased our part to bring sustainability and increased
installation—amounted to 72% (4905 MW) profits for businesses. AECO has a customer- renewable energy throughout the world and
of cumulative installations. The balance centric mission to use its low-cost proven to do so while benefiting our customers’ cost
of installations (1887 MW) were in Opex technology and expert-led services to enable structures,” continued Mr. Jones.
(operating expenditure) mode, wherein a better business decisions within a complex AECO ENERGY
third-party company (developer/RESCO) electricity market with multiple providers
owns, installs and operates the system at and opaque medium- to long-term pricing
consumer premises. information. This comes against the backdrop COAL
Maharashtra is India’s rooftop solar capital, of Singapore’s maturing OEM, which gives
with 958 MW of generation capacity made businesses and consumers the autonomy to India, Indonesia benefit as
up of 872 MW of C&I systems and 86 MW of buy and choose their electricity providers - the
public sector arrays. With 556 MW of rooftop freedom to choose. China’s ban on Australian
capacity, Rajasthan ranks next, followed by AECO Energy’s technology platform,
Tamil Nadu, with 537 MW. MarketPro™ with its unique, electricity coal reshapes trade flows
In the year 2020, Maharashtra led with futures market simulator Rate Watch™,
new capacity addition of 147 MW out of delivers business and electricity efficiency India and Indonesia have emerged as key
the nationwide installation of 1352 MW. It and empowers businesses through relevant beneficiaries of a Chinese ban on Australia’s
was followed by Karnataka (81 MW), then and timely pricing information, while also coal exports which is expected to further
Rajasthan and Tamil Nadu (74 MW each). helping Singapore businesses make better shift global trade in the fuel used for power
Capex mode installations stood at 988 MW buying decisions via automated tenders and generation and steelmaking this year.
(73%) and Opex mode 364 MW (27%) reverse auctions. Moreover, for businesses Australia, the world’s biggest coal exporter,
In EPC installations, Mumbai’s Tata Power who do not have the capability and capacity will continue to benefit from growing Indian
led with 7.8% of the market, closely followed to manage and purchase its own electricity, demand for its coal, made cheaper after it was
by Hyderabad-based Fourth Partner Energy AECO Energy Portfolio™ delivers scalable shunned by China, analysts said. Coal traders
(7.4%). Mumbai’s Mahindra Susten (3.4%) buying power with a fully-managed contract and buyers expect India’s buying spree of
installed the third most capacity. management and purchasing aggregation Australian coal to last into next year due to its
In Opex (developer-mode) installations, service for small, medium and large price and quality.
Fourth Partner Energy claimed 19% of businesses. China has targeted various Australian
the market, followed by Singapore-based Alan Jones, CEO, Chairman & Founder, products with unofficial import restrictions
Cleantech Solar (14%) and Gurgaon’s Amplus AECO Energy, said: “We are incredibly since March 2020 as relations between the two
Solar (10%). excited and humbled to be joining Singapore’s countries soured.
Chinese manufacturers continued to dynamic energy scene with our low- The ban has also benefited coal exporters
dominate the inverter market, with Growatt cost, high-value products and services. in Indonesia, Mongolia and Russia as China’s
supplying around 17.8% of the year’s 1352 Our mission is clear: just like Amazon is buyers switched suppliers, according to the
MW market, followed by Solis (17.4%) and revolutionising the ‘last mile’ of product latest Chinese customs data. Indonesia’s coal
GoodWe (17.2%). supply chains with its same day delivery, we miners signed a $1.5bn supply deal with
are also delivering the ‘last mile’ of the value China in November.
chain in Singapore’s OEM that enables more “Global trade flows will be self-adjusting
businesses better purchasing decisions, more with Australian coal flowing to Indian and
L AST MILE business profitability and growing all of European markets and South African and
Singapore’s economy.” Colombian sources coming into China,” said
AECO Energy enters enterprises and multinational corporations Winston Han, chief analyst from China Coal
Secondly, with SGX-listed entities,
Transportation and Distribution Association
Singapore electricity sector (MNCs)’ increasing emphasis on at a Coaltrans seminar this week.
As the largest consumer of most
sustainability, AECO (through its SustainPro™
AECO Energy, a new entrant to Singapore’s offering) will bring for the first-time in commodities apart from oil, China has

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