Market Research microgrid_web

Published on August 20th, 2014 | by Joshua S Hill

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Navigant Research Predicts $31 Billion Investment In Asia Pacific Microgrids By 2023

August 20th, 2014 by  

Cumulative investment in microgrids throughout the Asia Pacific region is set to total $30.8 billion between 2014 and 2023 as a result of increased demand for electricity and generation capacity from renewable energy sources. This is according to new research from Navigant Research, which published a new report on Tuesday.

“Several of the most heavily populated countries in the Asia Pacific region, including China, India, Indonesia, and Malaysia, are experiencing very high rates of rural electrification,” says Peter Asmus, principal research analyst with Navigant Research.

“Both developed and developing countries in the region are turning to microgrids to extend electrical service to remote and underserved communities.”

Asia Pacific microgrids could play a major role in the continuing electrification of rural Asia and Pacific countries, which have been turning to community renewable energy projects in an effort to move away from the prohibitively expensive diesel alternative that has for so long been predominant in the region.

microgrid_web

Image Credit: American Clean Skies

The Galvin Electricity Project describes microgrids as “modern, small-scale versions of the centralized electricity system.”

Like the bulk power grid, smart microgrids generate, distribute, and regulate the flow of electricity to consumers, but do so locally.

As such, the most attractive microgrid market in the Asia Pacific region are remote microgrids, which operate separate from the larger grid and integrate effectively and efficiently with newer and more cost-effective renewable energy solutions.

The report predicts that “some of the developed nations, including Australia, Japan, Singapore, and South Korea, will pursue technology development and pilot projects in the next few years and then will deploy diverse applications.”

With the current Australian trend towards fossil fuel generation, one may criticize the country’s inclusion in this prediction, but Asia-specific countries have made a habit of outperforming their Pacific neighbors in terms of renewable energy commitments and technology innovation.

 
 
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About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



  • Vensonata

    “Micro-grid” basically has all the features of the traditional “off-grid” resort, farm, house or ranch in North America. They usually run pretty smooth if they have the typical pv, battery and generator trio. Sometimes a small wind turbine or small hydro is in the mix. In my experience off grid, well designed is considerably more reliable than big American city grid. This surprises most city slickers! While the micro grid is more expensive per kilowatt, usually that promotes careful and efficient use of electricity. Often a similar house off grid will use just 10-20% of an ordinary grid house. The total costs are similar per year. But this is all changing rapidly in favor of micro and off grid. Utility investors should be quietly moving their money somewhere else…into solar or batteries.

  • JamesWimberley

    The demand for microgrids is in inverse proportion to the quality and cost-effectiveness of the traditional grid. The cost-effectiveness brings in Australia, with a reliable and comprehensive but expensive and overbuilt grid. African grids are even worse than Asian ones, so demand should boom there too,

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