(From left) CNBC’s Steve Sedgvik converted an IOT panel to the CENK Alper, Christina Shim, the main stability officer of Christina Shim, IBM, and Mitesh Patel, Interim CEO and Suncable International’s COO on 13 March, 2025 with the COO of interim CEO and Suncable International.
According to experts, renewable energy companies can shorten the long approval process required for their projects, by doing better for their projects.
Christina Shim, Chief Stability Officer of IBM, said that sponsors need to focus on business value – in addition to environmental benefits while discussing their projects.
“It’s being said … now there are some trigger words, it depends on where you sit around the world, and I think the more you are doing, the business value can determine the business value and it is only more important to be more and more important,” on Thursday.
“As long as the results are the same, you just need to make sure that you are communicating properly with the right stakeholders.”
He compared how a CFO, versus an investor, can talk to someone in the purchase. “You have to talk a little differently about things.”
Interim CEO and COO Mitesh Patel at Sunkebal International, agree that it is important to adjust communication for the right audience.
Patel said, “For politicians, voters are their constituencies, not your project or your company. You have to help them to translate what benefits your project components will bring,” Patel said, whose company is developing a project to provide solar power from Australia to Singapore through an underground cable.
The project called Australia-Asia Powerlink is about $ 24 billion and according to the company, it is expected to supply Singapore with 1.75 GW of electricity-or about 15%of its power needs.
The comments of Shim and Patel, who were talking to Steve Sedwick of CNBC on a panel in Singapore, often takes several years to get off the ground as renewable energy projects.
A report by the Global Infrastructure Hub, which is part of the World Bank’s public-private infrastructure advisory facility, noted the complex nature of the necessary preparations before running a infrastructure project. It kept the preparation time for the average project in 6 years, but said that if the project is not planned properly, it could take it up to 14 years.
Turkish Group, Subseys Holding CEO Senak Elper said that the biggest obstacle in obtaining renewable energy projects from the ground is often regulatory.
“The biggest problem is still the government – permit. Because the total time construction is longer than the time from the license to the preparation of a project,” he said.
The situation in Europe is worse, he said, citing a project, where it took two years to join the grid.
Elper stated that Western countries need to streamline the approval process for renewable energy projects, given that China has introduced more projects than the rest of the world in the last five years.
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