The center will provide advisory services on the technical and business aspects of smart grids ranging from Advanced Metering Infrastructure (AMI) deployment strategies, electricity market restructuring and grid infrastructure impact to market potential assessments.
As renewable energy sources become integrated into the grid, advisory services covering both technical and electricity market design considerations will be key to facilitating the adoption of renewable energy in Southeast Asia.
The Asia Pacific energy market is embracing rapid change, with smart grid technologies and renewable resources playing an increasingly important role. Asia as a whole grew its investment in smart grid technologies and renewable power to $5.6 billion in 2012, and new digital energy initiatives are underway in Japan, India, Korea and various Southeast Asian nations.
In smart grids, China is expected to overtake the U.S. as the largest market in 2013, as stimulus-funded projects in the US come to an end and Chinese investment continues to grow. Already in 2012, China raised its investment from $ 2.8 billion to $ 3.2 billion, largely on the back of major smart metering procurement by the State Grid Co. of China.
Global RE investors are also increasingly looking towards South East Asia as a new destination for investment. The governments of six key Southeast Asian countries (Indonesia, Thailand, Vietnam, Philippines, Malaysia and Singapore) have established ambitious goals to increase installed renewable capacity over the next 20 years by a factor of 5 – 6 times greater than the capacity in 2010.