AsiaElec - Asia Power
Danish fund managers Copenhagen Infrastructure Partners (CIP) is to invest $100mn in 1.7 GW of green energy projects in India together with its partner Amp Energy India.
New investment in renewable energy reached $174bn in the first half of 2021, 1.8% lower than in the first half of 2020, BloombergNEF (BNEF) said, as investment in renewables withstood the effects of the global pandemic.
The Asian Development Bank has persuaded Prudential, Citi, HSBC and BlackRock to accelerate the closure of coal-fired power plants across Asia in order to rein the generating sector’s emissions.
Offshore wind has the potential to accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system.
The Philippines’ San Miguel Corporation is to stop building new coal-fired power plants and will instead concentrate on renewables, the country’s Department of Energy said in a statement.
India’s state-owned distribution companies (discoms) could save up to $1.23bn per year if they focused on efficiency rather than trying to cover costs, a new study found.
The Thai government is set to approve plans to build a 1,400-MW gas-fired thermal power plant in Surat Thani, replacing two highly contentious coal-fired power plant projects in the southern region.