Jan 30 2011
Research and Markets have released a new report by Frost & Sullivan on “Transmission and Distribution Products for Renewable Energy Markets in Asia Pacific”.
The report reveals that conventional technologies generating power such as hydropower and thermal would not be replaced by renewable energy technologies in spite of climate change and global warming boosting their development in this century. To mitigate global warming it is essential that large corporations and governments should focus on RE technologies and stop relying on conventional power sources for their energy requirements.
Generally, the development of Transmission and Distribution products (T&D) for RE markets in the Asia Pacific region depends on the advancement of the grid connected RE. However, the increasing knowledge about climate change and global warming is opening up new avenues for T&D products in the RE sector. Approximately, 78% of solar and wind units were installed in the RE markets in 2009 out of the total T&D products installed. According to the analyst of the research service, wind projects in Australasia, biomass and hydropower projects in Southeast Asia and solar projects in East Asia would drive the RE market and the T&D products. In Australasia and Southeast Asia the geothermal power is dominating the RE market, but it is the reverse in case of the East Asian market as the government in this region has no plans of developing RE resources.
Even though the outlook for the RE market is positive, obstructions still persist impeding its development. Once of the biggest challenges faced by usage of T&D products in the RE field are the technical issues, which are rampant in providing grid connected RE. Some countries do not have clear guidelines on specific RE technologies and this gives the wrong impression to the project developers. To promote private investments in the RE market, targets and policies need to be reworked and amended from time to time. The other major obstacle to the development of the RE sector is that power generation from RE resources such as solar and wind is intermittent, with output fluctuations affecting power grid frequencies, component performance and voltages harmfully. This leads to instable power generation and sporadic service to customers.