AsiaElec - Asia Power
Mitsui, Gulf Energy to invest in 2.5-GW gas-fired plant in Thailand
India’s Avaada Energy receives $15mn of DFI equity funding
MHI Vestas wins 220-MW offshore wind turbine in Japan
Record fall predicted for global coal generation
New research forecasts falling global coal-fired generation in 2019, as declining output in the EU and US outpaces expansion in Asia
Chinese to power Kenya’s Silicon Savannah dream
Pakistan secures $320m of DFI financing for Super Six wind projects
AfDB abandons coal in Africa
The AfDB will not fund Kenya's Lamu coal project, but Beijing is unlikely to walk away from coal as a key tool of its investment strategy in Africa
Denmark’s Ørsted completes opening of Taiwan’s Formosa 1 wind farm
Denmark’s Ørsted has completed the launch of operations at phase 2 of the Formosa 1 wind farm in Taiwan,
UN chief calls on Asia to address coal addiction
Asia is particularly vulnerable to climate change and must reduce its dependency on coal, United Nations Secretary-General António Guterres said at the weekend.
Origin Energy renews gas commitment in South Australia
Origin Energy has renewed its commitment to supply gas to support 240 MW of generating capacity at Engie Australia’s Pelican Point thermal power plant for four years from July 1, 2020.
Sunny news for Asia’s fossil fuel burners
Sun Cable has drummed up customers interest in its 3GW subsea cable from Australia to Singapore, as Australian green investors try monetise the country’s solar potential
Wind lobby argues against tariff barriers
The Global Wind Energy Council (GWEC) has called for trade barriers that hurt wind turbine exports to be slashed, arguing that tariff walls could hinder global attempts to mitigate climate change.
Vestas wins 61-MW Taiwanese offshore turbine order from wpd
Vestas has secured a 61-MW order from Germany’s wpd to supply its V117-3.45-MW wind turbine model to the Chuangwei and Leadway wind farms in Taiwan.
Sydney goes green as Australia dithers
Sydney City Council has put forward ambitious A$60m ($41.2) plans to become 100% green and use wind and solar power at all its properties by 2020.
Green expansion cannot keep pace with emissions, demand growth
The IEA has raised its five-year green energy expansion forecast to 50%, although this is not enough to rein in emissions
Japan's JERA takes majority ownership of Formosa 2 wind farm
Japanese LNG trader and power generator JERA is to buy a 49% stake in the 376-MW Formosa 2 offshore wind project in Taiwan from Australia’s Macquarie Capital
Poor countries face higher green financing costs – study
Developing countries are finding it more expensive to finance renewables energy projects, as risks in frontier economies are higher
Japan’s commitment to coal could be costly
Japan’s coal-fired generating sector faces becoming uncompetitive and a risky investment as the cost of renewables falls
ADB aims to bring investors closer to green energy
The Asian Development Bank (ADB) and the Singaporean government-backed Infrastructure Asia fund are to create a new financing forum to drive more investment in green and sustainable infrastructure in South-East Asia.
Eni acquires solar assets in Australia
Eni has completed the acquisition of two construction-ready solar projects at Batchelor and Manton Dam in Australia's Northern Territory
India tries to balance climate change campaigning with growing appetite for coal
Coal will continue to be the key pillar of India’s power sector, despite the government’s latest target of having 450 GW of renewable capacity in the future.
Extension for Adani in Queensland
The Queensland government has agreed to an extension in talks on a royalties agreement with India’s Adani Power for the controversial Carmichael coal project in the state’s Galilee Basin.
China to close 8.7 GW of old coal power plants in 2019
China aims to close 8.66 GW of old and outdated coal-fired generating capacity during 2019 in a bid to reduce greenhouse gas emissions.
Rio Tinto to cut emissions in steel industry
Rio Tinto is to work with China’s China Baowu Steel Group and Tsinghua University to find new ways to reduce greenhouse gas (GHG) emission in the steel industry.
Russia signs off on Paris accord, sets itself an easy CO2 target
The Russian government has ratified the 2015 Paris Agreement on combating climate change, committing itself to reducing carbon dioxide emissions to 70% of 1990 levels by 2030.
Magnolia terminal to supply gas to Vietnamese LNG-to-power project
Australia-listed LNG Ltd has struck a deal to supply gas to a province in Vietnam from its Magnolia export terminal in Louisiana, on the US Gulf Coast.
TPI urges fossil fuel industry to face up to climate change
TEPCO struggles to deal with post-typhoon power cuts
TEPCO customers in Japan’s Chiba Prefecture could face two weeks of power cuts after Typhoon Faxai caused unprecedented damage to the region.
Tata sells off African wind interests
India’s Tata Power has divested its 50% stake in its South African wind IPP Cennergi for $106mn as it sells off non-core assets in a bid to pay down debt.
Total enters China’s distributed solar market
Total and its Chinese partner Envision Group are looking to tap into China’s huge solar potential by offering off-grid energy solutions that use Internet of Things (IoT) technology.
Asian power sector waits nervously for fallout from Saudi drone strikes
Any effects from the drone strikes on the Abqaiq petroleum processing plant and the Khurais oilfield in Saudi Arabia are unlikely to be felt quickly downstream in the power sector in Asia.
Karpowership aims to provide 15% of Senegal’s power
Karpowership’s 235-MW floating power plant Ayşegül Sultan will be able to meet 15% of Senegal’s needs when it comes online in October.
Gneiss Energy focuses solar hybrid to push forward the Energy Transition in Africa
The falling cost of battery storage is making African commercial and industrial off-gird projects more attractive for investors
Japan's Cosmo Eco Power plans 1 GW of offshore wind
Japan’s Cosmo Eco Power has unveiled ambitious preliminary plans to build the country’s largest wind farm off the island of Hokkaido.
Ørsted commissions second phase of Taiwan’s Formosa 1 wind farm
Ørsted has begun commissioning the second phase of Taiwan’s Formosa 1 offshore wind farm
SE Asia’s hydro potential must balance power needs and potential environmental damage
International observers are closely watching the boom in hydro projects on the Mekong River, where China’s Belt and Road ambitions and the region’s power politics collide
Vietnam aims for 2,000 MW of rooftop solar
Vietnam is forecast to have 2,000 MW of rooftop solar capacity by the end of 2020
Bangladesh seals power deal with Reliance Power, JERA
Bangladesh is to buy 718 MW over 22 years from 2022 from a privately owned gas-fired power plant to be built by India's Reliance Power and Japan’s JERA.
Africa’s pay-as-you-go potential whets Japanese investment appetite
Mitsubishi’s investment in BBOXX paves the way for Japan’s deeper engagement with Africa’s power development and the global energy transition
BCPL to invest in Indian FSRU
India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.
floating nuclear first for Russia
Russia’s Akademik Lomonosov, the country’s pioneering floating nuclear power plant, set sail from Murmansk on August 23 bound for Pevek, Chukotka, via the Northern Sea Route.
Thai aims to boost cross-border links
Thailand aims to become Southeast Asia’s electricity trading hub as the government pushes forward ambitious plans to make the country’s fossil fuel-reliant power systems cleaner and cheaper.
Indian power producers favour coal over gas
India has touted natural gas and renewable energy as the answer to mounting urban air pollution, but structural inefficiencies within the power sector should help coal keep its pole position.
Japan’s SoftBank invests $110 in energy storage
Softbank’s $100bn Vision Fund has made its first investment in energy storage technology by backing Swiss-based energy storage start-up Energy Vault with $110mn.
India, China argue over climate change costs
India and China are leading a call by the world’s largest emerging economies for established industrialised countries to carry the costs of fighting climate change
China to step up mine safety record
China is to begin a series of safety inspections at its coal mines during September after a number of fatal accidents in recent months
Newcastle plan wins CSSI status in NSW
New Caledonia plans LNG imports
Dutch Heerema picks up Taiwanese offshore construction contracts
Dutch offshore contractor Heerema is to install turbine foundations at Ørsted’s 900MW Greater Changhua 1 and 2a projects off Taiwan.
GE’s Cypress turbines to be used at Australia’s Bango Wind Farm
GE’s pioneering 5.3MW Cypress onshore wind turbines are to be used at Partners Group’s 244 MW Bango Wind Farm in Australia
Russia’s Industry and Trade Ministry rejects Siemens’s application for a special investment contract
Japanese utilities respond to low LNG spot prices
Japanese utilities are becoming more aggressive in their price reviews for long-term LNG contracts and seeking to buy more LNG on the spot market.
Report: Green energy unable to tempt energy establishment away from fossil fuels
The world is unlikely to meet the Paris goals of a 2 degree rise in temperatures by 2040 as long as fossil fuels offer easier profits than renewables
Taiwan’s Swancor sells Formosa wind farms to Stonepeak Infrastructure Partners
Taiwanese chemicals group Swancor has sold its pioneering offshore wind unit to US investor Stonepeak Infrastructure Partners
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