Orsted has published a new white paper calling for speed, scale, societal value and supply chain synergies to fully realise the green energy transition in Asia Pacific.
Asia Pacific is at risk of getting left behind in the global competition to attract and secure logistics services, suppliers and talent, according to the white paper.
The markets who can create a long-term enabling environment will succeed, it argued.
Launched at the Energy Taiwan conference in Taipei, Orsted said government the region have set ambitious goals to free their energy systems from fossil fuels.
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, it said.
The Orsted 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.
Per Mejnert Kristensen, president of Orsted Asia Pacific, said: “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.”
To help catalyse the green transformation, Orsted aims to deliver up to 5GW of offshore wind capacity in Asia Pacific by the end of 2030.