Offshore wind generation capacity is one of the fastest growing forms of green energy globally. It will rise 10-fold this decade – to 330 GW by 2030 from about 34 GW in 2020 –based on one estimate (Wood McKenzie) and will need tens of billions of dollars. Our guest, Mark Hutchinson is one of Asia’s leading veteran experts in the energy sector in general and clean energy in particular. In our conversation we first discuss the current state of the US and European offshore wind markets. We then deep dive into the current state as well as the outlook for offshore wind in some key jurisdictions around the region, including Japan and South Korea. As well as markets which are offering enormous potential including India, the Philippines, and Vietnam. In addition to the business opportunity, Mark also shares some interesting thoughts on financing trends.
ABOUT MARK. Mark Hutchinson has over three decades of energy sector experience, including over 25 years consulting and research experience in Asia. He has expertise in strategic advice, finance, M&A, contract negotiations and due diligence in the power and renewables, and the oil and gas sectors. He is the chair of the Southeast Asia Task Force for the Global Wind Energy Council. Mark works with the GWEC members in Asia and globally to represent the wind industry in policy and regulatory discussions across the region. GWEC convenes both in-person and virtual meetings with key stakeholders, providing fact-based analysis and guidance to help shape policies that affect the wind industry.
Note: Link to details on GWEC’s Global Wind Report Launch 2023
HOST, PRODUCTION, ARTWORK: Joseph Jacobelli | MUSIC: Ep0-29 The Open Goldberg Variations, Kimiko Ishizaka Ep30- Orchestra Gli Armonici – Tomaso Albinoni, Op.07, Concerto 04 per archi in Sol - III. Allegro. | FEEDBACK: Email the Host.