AsiaElec - Asia Power
Recent rallies in coal prices and a rise in US coal exports point to a surge in demand for coal worldwide as the global economy begins to enter a post-pandemic recovery.
Japan’s JERA, the country’s largest power generator, has revealed plans to develop a global supply chain for ammonia.
South Korea’s POSCO has agreed with Ørsted to support the Danish company’s development of 1.6 GW of offshore wind projects off the coast of Incheon City.
The Asian Development Bank (ADB) has signed a $116mn green loan with three Vietnamese wind developers to build three 48-MW wind farms, raising the country’s wind capacity by 30%.
The IEA has forecast that global investment in energy will rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused by the coronavirus (COVID-19) pandemic.
India and the UK have led the launch of the Industrial Deep Decarbonisation Initiative (IDDI) in a bid to reduce the global appetite for carbon-intensive steel and cement.
Suzlon has announced a 252-MW order from CLP India to supply 120 of its S120-140m turbines.
Singapore’s state-owned SP Group and Vietnam’s BCG Energy have signed a memorandum of understanding (MoU) to invest in renewable energy projects in Vietnam.
Pakistan has inaugurated the Chinese-built second reactor at the Karachi Nuclear Power Plant, known as K-2, the first Hualong One reactor to be built outside China.