Norway-APAC Business Network: Energy  - Photo:Per Christer Lund
Per Christer Lund

Norway-APAC Business Network: Energy (NABN:E)

Second NABN:E members meeting on Offshore Wind opportunities in Asia-Pacific highlighted massive growth and business potential in Vietnam and Taiwan.

| Event Summary & Recordings: Energy

The second NABN:E members meeting on June 17th focused on opportunities within Offshore Wind in the Southeast-Asia, Australia and Taiwan region. The attendance of 48 members from 27 Norwegian companies and the Embassies/Team Norway in Australia, Malaysia, Singapore, Philippines, Thailand and Vietnam suggests that the topic is high on the agenda for most of the network.  

Rystad Energy opened the meeting with their regular market report. Principal Martin Opdal presented the global market outlook for offshore wind, noting that China, UK and Germany currently drive the global market.  However, by 2030, Japan, Taiwan and Vietnam will join with double digital GW (1,000 MW installed capacity) club, and APAC excluding China will represent 20+% of the global market. This opens great opportunities for Norwegian engineering, technology, and energy companies.  

Mr Opdal’s outlook for massive growth and business potential in Vietnam and Taiwan was confirmed by Mr Arne-Kjetil Lian, Director of Innovation Norway, Hanoi and by Ms Ivy Liu, market advisor NORWEP (Norwegian Energy Partners). 

Mr Paul Liang, vice president at Sembcorp Marine of Singapore, was invited as guest speaker to talk about the Sembcorp’s transition from an oil & gas centric yard to ocean renewables. Sembcorp, which has acquired several Norwegian maritime companies recently (LMG Marine, Sevan, Gravifloat), is positioning itself as a major supplier, especially to the Taiwanese market. 

Due to the meeting format and high number of attendees, there was little room for free discussion, but many members presented their companies, solutions and strategies towards the ocean energy opportunities in this region. This included Mr Axel Blom of Norway Connect – business development consultancy; Ms Randi Niemi of Safetec – risk management; Mr Rod Matzdorff of Axess Group –cable engineering; Mr Benoit Nguyen of DNV – certification, consultancy; Mr Arne Brufladt Svendsen of Vysus Group – power systems, engineering; Mr Mente Baak of Cranemaster – lifting operations; Noel Boylan NGI –geoengineering; Mr Svein Ole Haugen of Uptime - access bridged; and Mr Erlend Aamodt of Norconsult – engineering.  

With the recent addition of Aker Offshore Wind, NABN:E now counts 42 companies with 138 individual members.  

The next meeting is scheduled for August 15th. The topic is still TBD, but hydrogen value chains in APAC has been suggested.  

Contact Dr.Per Christer Lund, Innovation Norway on for information.