USTDA Launches Asia-Pacific Clean Energy Program
February 27, 2014
(USTDA)
Interagency Effort Supports Clean Energy Development in Southeast Asia
Washington, D.C. - Today, the U.S. Trade and Development Agency joined the
Overseas Private Investment Corporation (OPIC) and the U.S. Department of State
to officially launch the Asia-Pacific Clean Energy Program (ACEP). The Program
is an outgrowth of the U.S.-Asia Pacific Comprehensive Energy Partnership, which
President Obama announced at the East Asia Summit in November 2012 to support
greater U.S. business engagement in the region's clean energy development.
ACEP will co-locate OPIC personnel with USTDA's regional office at the U.S.
Embassy in Bangkok to facilitate investment in – and U.S. exports for – energy
projects in the region. Limited access to reliable energy and power resources
represents one of the largest obstacles to social and economic growth in
Southeast Asia. Due to growing demand, the region will require nearly $9
trillion in energy investments by 2035. ACEP's interagency partners, as well as
the Export-Import Bank of the United States, have made available $6 billion in
financing to support regional energy investments and U.S. job creation.
"As part of ACEP, USTDA is leveraging U.S. private sector expertise to foster
effective new partnerships with our ASEAN counterparts geared toward increasing
connectivity in a variety of sectors, including energy," USTDA General Counsel
Enoh Ebong noted during the launch. "Already, USTDA's program is successfully
bringing together the key players in the region to exchange ideas and offer
solutions in support of ASEAN economic integration objectives."
For example, USTDA is partnering with the Electricity Regulatory Authority of
Vietnam and General Electric International (GE; Schenectady, NY) to develop a
wind grid code for the country's electric power sector. GE is conducting a study
of Vietnam's power grid and planned wind power capacity to serve as the basis
for a new grid code standard that allows for the integration and interconnection
of up to 6,000 MW of new wind power. This project, along with an earlier wind
energy reverse trade mission for Vietnamese power developers, has already led to
export sales of U.S.-manufactured goods and services.
Ultimately, ACEP will strengthen relationships with regional power developers
and host country officials to set the framework for increased deployment of
clean energy resources. This work will focus on power grid modernization,
natural and unconventional gas development and renewable power resources to help
provide affordable, secure and cleaner energy supplies for the Asia-Pacific
region.
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