AsiaElec - Asia Power
MDBs provide $61.6bn of climate financing in 2019
MDMs provide $61.6bn of climate financing in 2019
Pakistan begins work on Chinese-funded 4,500-MW Diamer-Bhasha Dam
Pakistan has begun construction of the Chinese-backed 4,500-MW Diamer-Bhasha Dam, after Western interests have failed to offer funding or construction support over the last five years.
Investment in Chinese solar and wind booms ahead of subsidy deadline
Investment in wind and solar is likely to continue booming in 2020, Fitch Rating said, driven by looming connection deadlines to secure wind subsidies.
Russian technology pushes forward nuclear construction at India’s Kudankulam
Indian contractor Larsen & Toubro (L&T) and advisors from Russia’s Rosatom have successfully installed the metal cladding for the reactor pressure vessel in Unit 3 of the Kudankulam NPP.
Jinko Solar commits to 100% renewables
China’s Jinko Solar has become the latest global company to publish an ambitious green target, committing to being 100% powered by renewables by 2025.
Vestas green targets in line with Paris goals
Vestas is the first renewables OEM to have its greenhouse gas reduction targets fully endorsed as meeting the Paris Agreement’s 1.5°C goal.
Iberdrola succeeds in Infigen takeover
Iberdrola said on August 6 that it had succeeded in its friendly takeover of Australia’s Infigen Energy, confirming in a statement to the Australian Securities Exchange (ASX) that it now owns 52.75% of Infigen's shares.
Asia to drive next generation of offshore wind growth
Global offshore wind capacity is to continue growing in 2020 despite COVID-19
GE Renewable Energy signs deal to build pumped hydro at Australia’s Walcha project
GE Renewable Energy will work with Australia’s Walcha Energy to build the 500-MW Dungowan pumped hydro storage project, which will then support Walcha’s 4.2 GW of solar, wind and battery capacity nearby in the New England Renewable Energy Zone.
Origin’s APLNG revenue dips 5% in FY20
Origin Energy has revealed that its share of revenue from the Australia Pacific LNG (APLNG) project declined 5% in financial year 2019-2020 owing to the coronavirus (COVID-19) pandemic’s impact on global energy demand.
Marubeni receives exclusive development rights for Thilawa LNG-to-power project in Myanmar
Marubeni, with Sumitomo, Mitsui & Co. and Eden Group, has received permission from Myanmar’s Ministry of Electricity and Energy to go ahead with their LNG-to-power project in Thilawa, Myanmar.
Chinese to build 900-MW solar project in UAE
Saudi Arabia’s ACWA Power has appointed China’s Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the 900-MW fifth phase of the Mohammed bin Rashid solar farm in Dubai.
bp aims for 50 GW by 2030
bp now aims to increase its green power generating 20-fold to 50 GW by 2030.
Shipping emissions rise 10% and pressure on the sector grows
Greenhouse gas (GHG) emissions from maritime shipping rose 10% from 2012 to 2018, accounting for 2.89% of the world’s emissions in 2018.
PetroVietnam units team up on LNG projects
State-owned PetroVietnam Gas (PV Gas) has teamed up with a number of other PetroVietnam subsidiaries to develop projects that will take advantage of its first liquefied natural gas (LNG) terminal.
Bangladeshi LNG-fired power plant secures loan
Japanese energy giant JERA and India’s Reliance Power have secured a $642mn loan for their planned liquefied natural gas-fired thermal power plant in Bangladesh.
Vestas wins 54-MW multibrand service agreement in the Philippines
Vestas wins 54-MW multibrand service agreement in the Philippines
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