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  • Singaporean Enterprises Pave the Way for Renewable Energy Revolution Across APAC

    Singaporean Enterprises Pave the Way for Renewable Energy Revolution Across APAC

    Singapore is making significant strides in the renewable energy landscape, surpassing its regional counterparts regarding the integration of low-carbon energy sources. A recent survey by ABB’s Energy Industries division indicates that 30% of companies in Singapore source more than half of their energy from renewables, a figure that surpasses the 25% average for the Asia Pacific region.

    Looking to the future, a strong majority—82% of Singaporean firms—anticipate boosting their renewable energy consumption by more than 20% within the next five years, compared to 77% regionally. This commitment underscores a robust demand pipeline that aligns with Singapore’s decarbonisation ambitions, as noted by ABB.

    Capital Investments Fueling Energy Transition

    In a striking display of commitment, 68% of Singaporean companies plan to allocate over 10% of their capital expenditures to energy transition initiatives over the next five years. Notably, 26% of businesses expect to ramp up their investments in these efforts by more than 50% in the upcoming year, outpacing the 19% anticipated across the broader region.

    AI: The Unsung Hero of Renewable Energy

    The survey highlights artificial intelligence as a pivotal component in this energy transition, with 78% of respondents expressing confidence in its role. Companies are looking to harness AI for data-driven energy management, expedite investments in smart grid technologies, and enhance interoperability across systems.

    Leading the Charge with Solar Energy

    Importantly, solar energy is emerging as the front-runner in Singapore’s renewable push. A staggering 75% of respondents already rely on solar as a primary energy source, exceeding the 73% seen in the wider Asia Pacific region. When asked about the future, companies identified solar (60%), green hydrogen (46%), and wind (42%) as the top three game-changers for renewable energy in the next five years, showcasing a burgeoning optimism for innovative low-carbon technologies.

    As the world fixes its gaze on decarbonisation, Singapore is not just aiming for a greener future but also taking bold steps to lead the charge. It seems the city-state is not only investing in the earth but perhaps has also found a way to put the “green” back in “greenbacks.”

    Questions & Answers

    How does Singapore’s renewable energy sourcing compare to the broader Asia Pacific region?
    Singapore leads the charge with 30% of companies sourcing over half their energy from low-carbon sources, exceeding the 25% average for the Asia Pacific region.

    What percentage of companies in Singapore plan to increase their renewable energy use significantly?
    A remarkable 82% of companies in Singapore expect to boost their renewable energy consumption by more than 20% in the next five years, higher than the regional figure of 77%.

    Which renewable technologies do companies in Singapore view as the most promising for the future?
    Respondents identified solar (60%), green hydrogen (46%), and wind (42%) as the leading technologies likely to transform the renewable landscape in the next five years.

  • Laos wind farms offer Vietnam 4,150 MW of electricity

    Laos wind farms offer Vietnam 4,150 MW of electricity

    According to national utility Vietnam Electricity, seven Lao wind energy plants want to sell a total of 4,150 MW to Vietnam. It will be done in phases, with 682MW supplied before 2025 and the rest gradually after that.

    Vietnam will be keen on accepting the offer.

    If the National Energy Master Plan is carried out on schedule, the central and southern regions would have enough power until 2030, but the north is likely to face shortages from 2025, especially during the dry season from May to July, EVN said.

    Importing energy from Laos would help alleviate the shortfall, it said.

    Affordability is also a factor, with wind energy from Laos currently costing 6.95 cents per kilowatt-hour compared to Vietnam’s 8.5-9.8 cents, depending on whether the plant is on land or offshore.

    Vietnam has been importing energy, mainly hydroelectricity, from Laos since 2016 through intergovernmental agreements.

    Increasing electricity purchases from neighbors is in the trade ministry’s power plans for this year.

    However, there are certain challenges.

    Electricity from Laos is expected to pass through transmission lines in Quang Tri Province, meaning the quantity of purchase will largely depend on infrastructure in this area.

    EVN’s calculations show that the proposed 4,149 MW exceeds the capacity of the local power grid.

    Most of its 200 kV and 110 kV lines operate at 80-100% of capacity. The region can only manage a maximum of 300 MW of transmission during the dry season and even less at other times.

    “Before the Lao Bao 500 kV substation is put into operation, this area [Quang Tri Province] can hardly take in more electricity from Laos because all the existing 220 kV lines are operating at high loads,” EVN said.

    Once the grid infrastructure is improved, such as with the construction of the Huong Hoa 500 kV substation and connecting lines in late 2027, Vietnam can get 2,500 MW from Laos, which will still be 1,650 MW short of the quantity it is seeking to sell.

    Furthermore, adding more renewable energy to the national grid will throw plans out if kilter. Domestic renewable energy accounted for 27% of grid capacity at the end of 2023 and is only expected to grow to 34% by 2030, according to the National Energy Master Plan.

    So, to ensure grid stability, EVN said the trade ministry should only buy a maximum of 300 MW of wind power from Laos before 2025, and only during the peak demand season.

    From 2026 to 2030 a maximum of 2,500 MW could be bought, it said.

    It also urged the government to import more hydroelectricity to increase flexibility.

    More grid infrastructure and transmission lines, including 220 kV and 500 kV dual-circuit lines from the border to the Lao Bao substation, should be added to the national master plan, it added.

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  • Vietnam probes wind towers imported from China, weighs anti-dumping tax

    Vietnam probes wind towers imported from China, weighs anti-dumping tax

    Vietnam’s industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday.

    Producers in Vietnam have claimed that dumping of Chinese-origin towers has caused “significant damage” to them, the government said in a statement, without elaborating.

    “In case of necessity, based on preliminary investigation results, the trade ministry can apply temporary anti-dumping measures to prevent dumping activities that hurt domestic manufacturing,” the statement added.

    The government gave no timeline for completing the investigation.

    Neither Vietnamese customs nor the statistics office provide data on wind tower imports.

    According to the trade ministry, local producers were proposing an anti-dumping tax rate of 97%.

    Wind towers imported to Vietnam currently enjoy a most-favored nation (MFN) tariff of 3%.

    Vietnam is looking to boost wind energy as it begins the transition to becoming carbon-neutral by mid-century, aiming for wind, most of it onshore, to account for 18.5% of the total power mix by 2030.

    The Chinese embassy in Hanoi did not immediately respond to a request for comment outside of business hours.

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