Global offshore wind leader Ørsted today (18) announced a new white paper calling for speed, scale, societal value and supply chain synergies to fully realise the green energy transition in Asia Pacific.
Launched at the Energy Taiwan conference in Taipei, Ørsted published its first white paper for Asia Pacific – a crucial region for global decarbonisation. Governments have set ambitious goals to free their energy systems from fossil fuels and with over a third of all RE100 companies based in Asia Pacific , there is high demand for clean power to remain competitive in global supply chains.
Per Mejnert Kristensen, President of Ørsted Asia Pacific, says:
“Despite the global challenges the offshore wind industry faces today, I am optimistic about Asia Pacific’s long-term green transition. By working together across APAC, industry, governments and communities can deliver on climate action, energy security and drive economic opportunities. In this critical period, we must combine our efforts to drive the scale and speed of commercially viable offshore wind buildouts which create long-lasting value for nature, society and the economy.”
Asia Pacific is at risk of getting left behind in the global competition to attract and secure logistics services, suppliers and talent. The markets who can create a long-term enabling environment will succeed. The Ørsted paper identifies four key areas for collective action to advance APAC’s transition to renewable energy. This includes recommendations to scale up projects to secure investment; speed up and streamline processes; promote societal value with non-price criteria; and grow the regional supply chain.
To help catalyse the green transformation, Ørsted aims to deliver up to 5 GW of offshore wind capacity in Asia Pacific by the end of 2030.
Download the Ørsted Asia Pacific white paper here.