Asia Clean Energy Summit 2024

The Asia Clean Energy Summit (ACES), a cornerstone event of the annual Singapore International Energy Week (SIEW), is held on the 11th edition from October 22-24, 2024, in Singapore. This premier conference and exhibition brings together experts, innovators, and policymakers to advance clean energy solutions in Asia.

Introduction

• Asia Clean Energy Summit (ACES) 2024 took place in Singapore from October 22-24, as part of the Singapore International Energy Week (SIEW).
• Co-organised by Energy Research Institute @ NTU (ERI@N) and the Solar Energy Research Institute of Singapore (SERIS).
• Supported by prominent organizations, including the Asian Development Bank, Singapore Economic Development Board (EDB), Energy Market Authority (EMA), and Enterprise Singapore.

Summit Goals and Themes

• ACES 2024 aims to bring together global leaders to shape a sustainable future for the Asia-Pacific region.
• Focus on developing clean energy strategies, accelerating net-zero targets, and fostering innovations in clean energy technology.
• Emphasis on the integration of policy, finance, and technology to drive climate action and sustainability.

Key Themes and Objectives

• Net-Zero Targets : Discussions on reshaping and realigning net-zero objectives to mitigate climate change.
• Corporate and National Commitments : Evaluation of commitments by corporations and nations toward carbon neutrality.
• Policy and Technological Innovation : Insights into new policies and advanced clean energy technologies aimed at achieving net-zero emissions.
• Financing Sustainable Development : Exploration of finance mechanisms and partnerships to support clean energy projects and investments in Asia.

Inaugural Asia Carbon Summit

• Date : October 24, 2024
• Purpose : Launched alongside ACES, the Asia Carbon Summit focuses on the development of carbon markets in Asia.
• Focus on Carbon Markets : Insight into the complexities of carbon markets, carbon credits, and the tradable reductions/removals of emissions.
• Platform for Dialogue : Convergence of leaders, policymakers, and industry experts to foster partnerships and pathways for sustainable carbon market advancements.
• Carbon Credits for Sustainable Development : Emphasis on carbon credits as a tool to promote sustainable practices, supporting the shift toward greener economies.

Peak Energy’s Role in Asia’s Renewable Energy Landscape at ACES 2024

Background

• Peak Energy, a prominent renewable energy developer supported by Stonepeak, participated in the Asia Clean Energy Summit (ACES) in Singapore from October 22-24, 2024.
• ACES, a part of the Singapore International Energy Week (SIEW), is a premier event for clean energy technology, policy, and finance in Asia.

Keynote Address by CEO Gavin Adda

• Gavin Adda, CEO of Peak Energy, delivered a keynote titled “Strategic Entry and Expansion: Unlocking Asia’s Solar and Storage Potential.”
• He discussed Asia’s surging renewable energy demand, highlighting the essential role of collaboration and partnerships in promoting solar and storage adoption across diverse markets.
• Adda offered strategic insights for stakeholders to leverage the rapid growth in Asia’s renewable sector.

Key Takeaways

• With Asia expected to account for over 50% of the global solar and storage growth over the next decade, the region presents immense opportunities.
• Backed by Stonepeak’s $70 billion in assets, Peak Energy aims to support Asia’s sustainability goals through advanced renewable energy projects and partnerships.
• Adda emphasized the importance of collaboration between industry and government leaders to accelerate Asia’s shift toward clean energy.

Summary/Static	Details
Why in the news?	The Asia Clean Energy Summit (ACES), a cornerstone event of the annual Singapore International Energy Week (SIEW), is held on the 11th edition from October 22-24, 2024, in Singapore.
Organizers	Co-organized by Energy Research Institute @ NTU (ERI@N) and Solar Energy Research Institute of Singapore (SERIS)
Summit Goals	Shaping a sustainable future for Asia-Pacific, developing clean energy strategies, accelerating net-zero targets, fostering innovations
Key Themes	– Net-zero targets – Corporate and national commitments – Policy and technological innovation – Financing sustainable development
Asia Carbon Summit	Date: October 24, 2024 Purpose: Focus on carbon markets in Asia, including carbon credits, emissions reductions, and sustainable development