AsiaElec - Asia Power
The Australian government does not appear to have noticed that its plans to bolster gas-fired power generation (GPG) over the long term have begun to unravel rather rapidly.
Investing over $100bn in solar and wind power over the next decade is expected to take Japan beyond its renewables target and achieve 27% of the energy mix.
Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.
Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.
State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.
India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.
Current growth rates in the global green hydrogen industry are just not high enough to meet global energy demand, with massive capital shortfalls and government inaction stalling start-ups.
Japanese energy company JERA has filed an environmental impact statement (EIA) for its proposed 520-MW offshore wind farm in the Ishikari Bay off the northern island of Hokkaido.
Goldwind had made further steps in developing the $1.5bn Clarke Creek hybrid wind, solar and battery project in Queensland