AsiaElec - Asia Power
Siemens the next to exit coal
Siemens’ turbine manufacturing business will no longer make any bids to build new coal-fired power stations, although it will continue with its existing coal power business and will also not stop building gas-fired turbines.
Renewable power proves resilient to COVID
Renewables will account for 90% of new generating capacity in 2020, the IEA forecasts, but more consistent green policies are needed to foster sustainable growth.
MHI Vestas installs record-breaking floating turbines off UK
MHI Vestas has installed a V164-9.5 MW turbine, the most powerful turbine in use at a floating wind project, at the Kincardine project off the UK coast.
Toshiba sets 50% emissions reduction target
Toshiba has announced plans to reduce its CO2 emissions by 50% by 2030 and by 80% by 2050, while it also aims to contribute to the creation of a net-zero society by 2050.
Global wind market grows 18% in 2020 despite pressure from pandemic
Resilience and falling costs have kept up wind growth in 2020, and more expansion is set to come
Mongolia seeks EPC contractors for 10 MW solar plant
ExxonMobil, JERA to build integrated LNG-to-power project in Vietnam
ExxonMobil Hai Phong Energy (EMPHE), Hai Phong People’s Committee and Japan power generation company JERA have signed a memorandum of understanding (MoU) to work together on a potential integrated LNG-to-power project in Hai Phong.
ADB to lend $133mn to modernise distribution in India’s Meghalaya State
The Asian Development Bank (ADB) has approved a $132.8mn loan to upgrade the power distribution network and improve reliability in the northeastern Indian state of Meghalaya.
Adani take the lead in Indian coal auctions
Adani Group is to take ownership of its first coal mine in India, with its subsidiary Stratatech Mineral Resources making the highest bid for the Dhirauli mine in Madhya Pradesh State.
Russia talks up exporting hydrogen to Japan
Russia aims to export hydrogen to Japan as it joins the global race to decarbonise
Clean break needed for Philippines’ power sector after coal moratorium
The Philippines’ moratorium on new greenfield coal power plants, announced in October, marks a clear break with past policies and will allow considerable modernisation and new technology.
Mainstream secures partner for 500-MW Ben Tre offshore wind farm in Vietnam
Irish-based developer Mainstream Renewable Power has teamed up with local investor and contractor Advance Information Technologies (AIT) to build a 500-MW offshore wind project in Vietnam’s Ben Tre Province.
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