Background

Healthy oceans are key priority of ADB’s Strategy 2030. In pursuance of this mandate, ADB launched the Action Plan for Healthy Oceans and Sustainable Blue Economies (Healthy Oceans Action Plan) in 2019, which aims to increase investments and technical assistance to $5 billion between 2019 and 2024. The Action Plan focuses on the protection and restoration of coastal and marine ecosystems, the promotion of livelihood opportunities, sustainable blue economies, and food security in the region. ADB has been involved in marine renewable energy in blue economy through financing facilities, technical assistance, and venture funding for small and medium enterprises (SMEs).

A High-Level Investor Forum (HLIF) on The New Ocean Energy Economy was held on 7 February 2023 in Kuala Lumpur, Malaysia. The Forum highlighted the multifunction projects in sea-space which if implemented in a coordinated and integrated way will lead to a range of environmental and socio-economic benefits. The forum also discussed concrete approaches and recommendations for ocean energy sponsors to access development finance especially among MSMEs.

Building on the results of the HLIF, this Deep Dive Workshop will discuss ADB’s engagement in ocean energy through the implementation of the Healthy Oceans Action Plan.
This Deep Dive Workshop will have two 90-minute session focusing on ocean energy technologies and current developments in the region.

Objectives

To showcase ADB’s engagement in ocean energy including technology development, business model and financing, and demonstrate how financing can accelerate development of new business models.

AGENDA

9:00 – 9:45 a.m.

Session 1: Ocean Energy Technologies

Presentations

Blue Energy

  • Geeta Singh, Director, Redstack Energy India Private Limited

Andritz Hydro’s Technical Solution for Ocean Energy

  • Norbert P. Schwarz, Vice President, Market Management, ANDRITZ HYDRO GmbH

Floating Solar PV in the Pacific: A Game Changer

  • Agostinho Miguel Garcia, Principal Consultant, Sun Business Development

Offshore Wind – One of the Key Drivers for the Energy Transition in Asia-Pacific

  • Raoul Kubitscheck, Managing Director, Chairman of the Board, NIRAS Taiwan Ltd

9:45 – 10:25 a.m.

Moderated Panel Discussion

Moderator: Steve Peters, Senior Energy Specialist, ADB

Panelists:

  • Geeta Singh, Director, Director, Redstack Energy India Private Limited

  • Norbert P. Schwarz, ANDRITZ HYDRO GmbH

  • Agostinho Miguel Garcia, Sun Business Development

  • Raoul Kubitschek, NIRAS Taiwan Ltd

10:25 – 10:30 a.m.

Wrap up and Summary

Steve Peters, Senior Energy Specialist, ADB

10:30 – 11:00 a.m.

Coffee Break

11:00 – 11:45 a.m.

Session 2: Development Schemes for Ocean Energy

Presentations

Cash for Floating Clunkers: A Gigatech Solution for our Teraton Problem

  • Dan Millison, Manager, Planet Sea , LLC

Financing Early-stage Energy Technologies: Lessons Learned from Ly Son Island

  • Georgia Iordanescu, Senior Lead Specialist, Clean Energy, DAI

Wave Energy for An Binh Island, Vietnam

  • Michael Stephens, Water Resource Management Specialist, International Centre for Environmental Management (ICEM)

The Capul Island Ocean Power Project: A Milestone for Philippines Renewable Energy

  • Christian Gold Calibo, CEO, San Bernardino Ocean Power Corporation

Enabling Blue Economy Development in the Philippines: Some Initiatives in Mindanao

  • Romeo M. Montenegro, Assistant Secretary and Deputy Executive Director, Mindanao Development Authority

11:45 a.m. – 12:20 p.m.

Moderated Panel Discussion

Moderator: Cindy Cisneros-Tiangco, Principal Energy Specialist, ADB

Panelists:

  • Dan Millison, Planet Sea , LLC

  • Georgia Iordanescu, DAI

  • Mike Stephens, ICEM

  • Christian Gold Calibo, San Bernardino Ocean Power Corporation

  • Romeo M. Montenegro, Mindanao Development Authority

12:20 - 12:25 p.m.

Wrap up and Summary

Cindy Cisneros-Tiangco, Principal Energy Specialist, ADB

12:25 - 12:30 p.m.

Closing Remarks

ADB

SPEAKERS

Geeta Singh

Geeta Singh

Director, Redstack Energy India Private Limited

Norbert Schwarz

Norbert Schwarz

Vice President for Market Management, ANDRITZ HYDRO GmbH

Agostinho Miguel Garcia

Agostinho Miguel Garcia

Principal Consultant, Sun Business Development

Raoul Kubitscheck

Raoul Kubitschek

Managing Director and Chairman of the Board, Niras Taiwan Ltd

Steve Peters

Steve Peters

Senior Energy Specialist, Asian Development Bank
(Moderator)

Dan Millison

Dan Millison

Manager, Delta C, LLC

Georgia Iordanescu

Georgia Iordanescu

Senior Lead Specialist for
Clean Energy, DAI

Michael Stephens

Michael Stephens

Water Resources Management Specialist, International Centre For Environmental Management

Romeo Monetenegro

Romeo Monetenegro

Assistant Secretary and Deputy Executive, Mindanao Development Authority

Cindy Cisneros Tiangco<

Cindy Cisneros Tiangco

Principal Energy Specialist, Asian Development Bank
(Moderator)

About the Organizer

The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Presentations