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“To successfully drive the “Popular opinion believes that “The public and private sec-
transformation of energy sys- policies and regulations pro- tors must work in tandem. The
tems worldwide, sufficient fi- vide the most impact to private sector capital will ac-
nancial resources are needed. decarbonization. For Malaysia, celerate investment and com-
Private capital as well as the solar will be the most panies will translate emerging
appropriate political frame- sought-after renewable sour- business strategies into viable
work conditions are needed. ce followed by wind power, business models, developing
The good news is collaborati- while battery storage will be bankable projects and driving
on is growing enormously.” the game changer of the ener- technological innovations.”
gy of the future.”
Christian Bruch Francesco La Camera
President & CEO Dato’ Nor Azman bin Mufti Director General
Siemens Energy AG Managing Director The International Renewable
TNB Power Generation Energy Agency (IRENA)
With prices to gain exponential benefits from Again, it’s all about collabora- “To get to a sustainable en-
of re- digital solutions. On our end, dig- tion. The good news here – this ergy future we have to join
newables italization helped us to maximize is growing enormously.” forces. Public sector and private
declining our asset management and perfor- sector must work in tandem for
and with mance especially during the pan- Christian Bruch two main reasons. First, private
grid stabi- demic, to support decision-making President & CEO sector capital will accelerate
lization and analytics in addressing the Siemens Energy AG investment and there is a need
technology changing loads of our distribution for more public-private partner-
advancing, transformers. There are ample “In my view, achieving any ships. Second, companies will
ramping up technical solutions that we can nett zero carbon goals will re- translate emerging business
the contri- ride on but these require capital quire a complete supply chain of strategies into viable business
bution investment that requires regula- understanding, collaboration and models, developing bankable
of renew- tory approvals, and close collabo- agreement between the differ- projects and driving technolog-
able sourc- ration with stakeholders on what ent parties, namely, legislators, ical innovations. IRENA con-
es makes projects to pursue and prioritize. In government and consumers. The tinues working with all stake-
economic order to drive execution to become conversion from fossil fuel to re- holders to accelerate energy
sense. much cheaper, we will need the newable energy requires political transitions around the world.”
strong support from regulators and will, legislations and policies in
the government, as well as a place, the willingness to push for Francesco La Camera
close collaboration within the en- change and agreement of con- Director General
ergy sector. The power to make sumers to pay a higher premium The International Renewable
Mother Earth a better place is in (with renewables). For power Energy Agency (IRENA)
our hands.” generators like TNB, we are more
than happy to support and trans- Joining forces
Ronnie L Aperocho form if there is some subsidy to With prices of renewables de-
Senior Vice President defray the costs of our invest- clining and with grid stabili-
Networks Meralco Philippines ment. Popular opinion believes zation technology advancing,
that policies and regulations pro- ramping up the contribution
6 Access to capital at vide the most impact to decar- of renewable sources makes
reasonable costs will bonization. For Malaysia, solar economic sense and will also
accelerate the will be the most sought-after re- drive long-term sustainability
energy transition journey newable source followed by wind for the region. Governments
power, while battery storage will can contribute with policies
“To successfully drive the be the game changer of the ener- and regulations driving this
transformation of energy gy of the future.” change, and the industry could
systems worldwide, sufficient translate emerging business
financial resources are needed. Dato’ Nor Azman bin Mufti strategies into practical busines
Take Europe, where we need an Managing Director models, develop reliable projects
estimated €30 trillion by 2050 TNB Power Generation and drive technological innova-
to decarbonize all our systems. tions. To accelerate the energy
To accomplish this mammoth 7 Collaboration transition, all stakeholders must
task, private capital is needed, among stakeholders join forces and work towards
as well as the appropriate po- is imperative for the transformation.
litical framework conditions. transformation
of the energy landscape
16 | March-April 2021 Modern Manufacturing India
