Renewable Energy
" Renewable is Sustainable. And that decides the Future"
Produced from existing resources that naturally sustain or replenish themselves over time, renewable energy can be a much more abiding solution than our current top energy sources. Unlike fossil fuels, renewables (biomass, geothermal, hydropower, solar and wind) are increasingly cost-efficient, and their impact on the environment is far less severe. We help in the adoption of these renewable energy sources by bringing businesses together to undertake the construction of these strategic (and possibly massive) projects. We also help seal partnerships in VPPA arrangements for renewable energy projects.
In line with the effort to promote renewable energy, SEAsia Pro Consulting also seeks out energy storage (battery) technologies that will supplement and enhance the RE infrastructure, so that excess energy are stored and can be used in periods of low RE generation. At another angle, we hope to bring foreign investors into the region to set up battery manufacturing plants. Southeast Asia has a huge potential to produce 140-180 GWh of battery cells by 2030 and become a battery manufacturing hub. Given the region’s abundance in mineral resources, Southeast Asia is naturally advantaged to develop an end-to-end Nickel Manganese Cobalt (NMC) battery ecosystem. The region is home to 25 percent of the world’s nickel reserves and Indonesia alone possesses the lion’s share of the critical mineral (approximately 21 percent of global reserves).
Southeast Asia’s demand for batteries is expected to grow in the coming decades, growing at an annual rate of 40 percent through to 2030, and is expected to reach 70-80 GWh. This demand is being driven by the development of electric vehicle batteries and battery energy storage systems (BESS).
Hydropower
The Southeast Asian hydropower market is expected to reach 52.722 GW by the end of the current year, and it is projected to register a CAGR of 7.9% @2020-2029.
Factors such as increasing investments in hydropower plants and increasing demand for renewable energy are expected to drive the market's growth. However, the high initial cost of hydropower compared to other forms of renewable energies like solar and wind energy is expected to restrain its growth. This is where SEAsia Pro Consulting helps clients with securing funds to develop it.
Vietnam is one of the largest hydropower markets in Southeast Asia. According to the Electricity Authority of Vietnam (EVN), as of 2022, Vietnam had 20.774 GW of hydropower, accounting for nearly 29.9% of the country's total installed capacity. Due to its traditional dependence on hydroelectricity, Vietnam has already developed nearly 60% of its total hydropower potential, making it a mature hydropower market.
Solar Energy
Southeast Asia is one of the regions in the world that is nearest to the equator, and hence naturally offers an attractive opportunity for solar power generation. With the announced plan for Singapore to become the trading hub for carbon credits and aggressive purchaser of renewable energy, this has spurred the growth of solar farms even further. Due to the proximity to Singapore, Malaysia stands to gain the most in this.
In terms of solar PV manufacturing, Southeast Asia has the potential to produce 125-150 GW module capacity by 2030. The region already controls 2-3 percent of the world’s polysilicon and wafer capacity and 9-10 percent of the world’s modules and cells capacity. Most of the production is concentrated in Lao, Malaysia, Vietnam, Cambodia, and Thailand. Moreover, according to the International Energy Agency, one-third of global PV module exports were supplied by Southeast Asian countries. Most of these PV exports were directed to the US and EU markets.
SEAsia Pro Consulting helps solar energy producers secure the required partnership for solar projects in terms of technology and financing.
Waste-to-Energy
The costs of poor waste management are high: landfills use lots of space and pollutants can leach into the soil and surface water, harming the environment and people’s health. Gas from decomposing organic materials in landfills is a serious issue, forming about 11 per cent of all global methane emission.
The Thai government has established subsidies and tax incentives for various waste-to-energy plants, including incineration, gasification, fermentation and landfill gas capture. Installed capacity currently stands at 203 megawatts. This is likely to grow, as licenses for up to 500 megawatts of waste-to-energy plants have already been granted and Thailand’s next Power Development Plan for 2018-37 may raise the license limit.
SEAsia Pro Consulting is now seeking investors and players to establish effective waste sorting systems. By separating plastic and metal recyclables, organic materials and other materials, countries can use the best waste-to-energy technologies. Thus far, a lack of sorting has led to a “wet” waste mix (recyclable materials + organic waste) which gives low caloric value for burning.
