INTRODUCTION: This blog article is the second out of three on the topic wind energy in Asia. We will interview experts from three key players: Asia Wind Energy Association (first article can be found here), Siemens Wind Power and a financial institution.
In this article, Green Dealflow interviews Alexander Gamborg, Siemens Wind Power, Onshore Asia Pacific. According to Mr. Alexander Gamborg, the Asian wind market consist of two large markets accounting for ~50% of global annual installation, China & India, and a smaller market consisting of the rest of Asia Pacific in which Australia & Japan are the main drivers of growth. In China – market installations have reached more than 150 GW and 20-25GW annual installations are expected going forward. In addition to adding capacity, China is committed to improving the asset utilization rate of installed capacity creating further opportunities related to optimizing operational wind farms in China. In India the stabilizing regulatory environment will support further development of wind power. In rest of Asia Pacific, Japan and Australia are both growing mature markets. Upcoming markets are low-wind countries in South East Asia like Thailand and Vietnam. These markets are right now looking for international developers with experience and equity to help exploit the wind resources. Alexander GamborgHead of Business Development & StrategySiemens Wind Power, Onshore, Asia Pacific
