Page 14 - AsiaElec Week 11 2023

AsiaElec NEWS IN BRIEF AsiaElec

Minesto makes its mark in diesel engine use to batteries not only 44GW in orders placed; also a new record
The fourth quarter of 2022, alone saw
helps to reduce emissions but also brings
the Far East with tidal and other benefits including reduced levels of high.
The Chinese wind energy market made
maintenance, and crucially improved energy
ocean power project efficiency. up 70% of the global 2022, order capacity,
The maritime industry is a significant
with developers racing to comply with
Minesto along with Taiwan Cement Green contributor to global emissions, and as directives under the nation’s most recent
Energy (TCCGE) are now working together to one of the world’s most important ports, 5-year plan - the 14th to date.
help develop tidal and ocean power resources Singapore is no different. As such, this Beijing says the figures demonstrate
in Taiwan. initiative by the MPA is a positive step China’s continued dominance in
The economic and technical feasibility towards reducing the industry’s carbon the renewable energy sector and
assessments, site development, and footprint. its commitment to clean energy
applications for feed-in tariffs will be crucial initiatives.
steps towards successfully integrating ocean
energy into Taiwan’s energy mix. Petronas - JOGMEC MoU
A number of challenges remain however, Japan’s floating wind goals
largely due to the nation’s reliance on fossil signals advances in green
fuels. The introduction of a new Ocean now far out of sight, well
Energy electricity feed-in tariff last year was gas exchange
aimed at providing the necessary financial over the horizon
support to move towards renewable energy A Memorandum of Understanding
sources. (MoU) linking Malaysia’s Petronas Japan is planning to accelerate its progress
The use of ocean energy resources, when and Japan’s JOGMEC is being viewed towards having 45GW of offshore wind
matched with the right technologies, offers a as a major commitment by both firms power by 2045 by opening up its far-offshore
promising opportunity for Taiwan to rapidly towards achieving eventual energy exclusive economic zone (EEZ) beyond its
advance its renewable energy goals. transition and decarbonisation territorial waters to floating wind power
Tidal and ocean current energy power targets. projects.
around the island nation can provide a reliable The collaboration is to focus primarily Initial reports point to sites 200
and consistent source of clean energy that can on green and blue hydrogen and fuel miles off Japan’s east coast having been
help to reduce Taipei’s dependence on fossil ammonia development, carbon capture selected.
fuels while at the same time helping to reduce and storage technology as well as the According to a senior government official
its carbon footprint. improved management of greenhouse gas who speaking last week, legislation will
“We have a lot to investigate and pursue, emissions. be enacted “early next year” to enable the
that makes it even more important to It is also believed that the agreement development of industrial level floating wind
accelerate development and push forward. will lead to enhance technical exchanges projects in the area.
We are looking forward to the collaboration,” in fields linked to low-carbon tech and The move is expected to give a major boost
said the President of TCCGE, William C.L. improved support for Japanese companies to Japan’s somewhat on-again, off-again wind
Weng. wishing to participate in Petronas around interests in recent years and part of Tokyo’s
In repsonse Dr Yung-Lung Chen, Project the world. broader efforts towards a reduction in carbon
Manager of Minesto Taiwan said: “Our Petronas President and Group CEO, emissions.
long-term commitment to Taiwan can Datuk Tengku Muhammad Taufik
finally bear fruit. We are looking forward said of the agreement that “Petronas is
to working with one of the strongest and committed to investing in technology and Vietnam’s coal use is
most renowned companies in Taiwan innovation to accelerate the development
to seek synergies in local production of lower-carbon solutions for our predicted to increase to
and supporting infrastructure, while customers.”
leveraging on Taiwanese manufacturing and guarantee power supply
technology strengths.” ----------------------------------------------------
Vietnam’s government has indicated
that it will increase the use of coal in
Singapore brings all- China’s 2022, wind orders the coming months in conjunction
dwarf those placed by the
with existing renewable sources to help
important port vessels in rest of the world guarantee electricity supplies through the
summer.
line with green goals According to analysts at Wood Hanoi will produce and import the
Local media last week reported that
Singapore’s maritime industry is showing Mackenzie, China’s wind turbine firms equivalent of 284.5 bn kWh of electricity
a significant commitment towards reducing Envision, Mingyang, and Goldwind, through 2023, a full 16 bn kWh higher than
carbon emissions while transitioning to dominated the wind energy market in last year.
cleaner energy sources by mandating that all 2022, while western rivals experienced a As such, the Ministry of Industry and
harbor craft must become fully electric, or slowdown. Trade has said that around 57.9 mn tonnes
capable of operating on biofuels compatible The three Chinese wind giants each of coal will reach the domestic market this
with the nation’s net zero goals by the end of secured deals of over 17GW, contributing year; 44.7 mn tonnes having been mined at
the decade. to a record-breaking 134.6GW in total home and the remaining 13.2 mn tonnes
The island nation’s switching from orders, worth $74.2bn. imported. ™

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