• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Go Green: Drivers Behind the Booming Renewable Energy Market in ANZ & Southeast Asia

Posted on: Wednesday, 7 November 2007, 06:00 CST

Frost & Sullivan's Energy & Power Systems practice in Asia Pacific (http://www.energy.frost.com) will host an analyst briefing webinar on ANZ and Southeast Asia's Renewable Energy Markets on November 15th, 2007, at 11:00 hrs (GMT +08:00hrs) Singapore time.

Alarming concerns over climate change and global warming is increasing the need to curb green house gas (GHG) emissions. Conventional thermal power plants have been the largest contributor for GHG emissions. In order to reduce the dependency on thermal power plants for power supply, one of the options is to resort to power generation through renewable energy (RE) sources. Government incentives and growing awareness among the end-users has stimulated the demand for renewable energy. Despite constraints of high installation costs, the demand for renewable energy projects continues to grow by leaps and bounds across Southeast Asia and Australia and New Zealand (ANZ) regions.

This analyst briefing will take a look at new and emerging trends in the ANZ and SEA renewable energy market as well as cover the key market dynamics. Highlights of the briefing include an analysis of the wind, solar, geothermal, biomass and small hydropower market in Southeast Asia and ANZ in terms of current installed capacity, growth potential, end-user analysis, cost component analysis and other key trends in the renewable energy market. We will also provide an update of related and upcoming research, along with an opportunity for a question and answer session with the analyst.

This briefing will benefit Feedstock Suppliers, Original Equipment Manufacturers (OEMs), Engineering and Construction Contractors, System Integrators, Renewable Energy project developers, Independent dealers, Service Providers, and Local Distributors as it discusses the key emerging trends coupled with estimated forecasts for the various renewable energy technologies.

Suchitra Sriram, Senior Research Analyst says, "Ongoing support from the Federal Government and various State Governments is expected to provide an enormous thrust to the commercial development of this industry in the long run.' She adds, "Renewables are not expected to replace the conventional generation technologies for power supply due to their limited capacity generation. Nevertheless, renewables can help in striking a balance in the energy supply security as well as in reducing the alarming negative impact of GHG emissions arising from thermal power plants. With international funding mechanisms, involvement of non-government organizations (NGOs), government schemes and targets, and wide public support, this industry is poised to boom remarkably."

Suchitra states that the growth of this industry is threatened by high investment costs, less penetration of advanced technology, red-tapism in the approval of projects, and lack of finance among the small and medium scale investors. Increasing awareness about the benefits of RE technologies has attracted new market entrants across the value chain of the industry and has also encouraged existing conventional power generation companies to diversify into this business. In this high growth market, it is challenging for companies to procure funds to pursue research and development (R&D) in improving the efficiency of the RE technologies as well as to execute its projects on time. To gain a strong foothold in the market, it becomes critical for new entrants in the market to establish its position by offering reliable and quality equipment, to develop project development capabilities and to provide turnkey solutions.

Lead time, competitive price, efficiency of the RE technology, distribution network of the equipment supplier are some of the key competitive factors in the RE market. All the major international companies operate in these regions through local distributors and through agreements with local project developers and system integrators.

Join us as Suchitra shares her insights on how go green demands are driving growth in ANZ and SEA's renewables market. Those interested in registering for the interactive webinar should send an email to Corporate Communications - Donna Jeremiah at djeremiah@frost.com with the following information: full name, company name, title, telephone number, e- mail address, city, state and country. The registration details will be emailed to you upon receipt of the above information.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

Source: Business Wire

More News in this Category