AsiaElec - Asia Power

IEA urges more focus on cutting methane to meet climate targets

Climate action cannot focus solely on reducing carbon dioxide emissions, as cutting methane output by industry, which has the potential to have the greatest impact on limiting near-term climate change, is essential for meeting global climate targets.

21 countries left with coal plans

Up to 21 countries around the world have yet to commit explicitly to no new coal, despite 44 countries already having committed to never building a coal power plant again.

India’s Adani buys SB Energy and its 5-GW green capacity for $3.5bn

Indian renewables developer Adani Green Energy has closed its $3.5bn acquisition of SB Energy Holdings, which owns a 5-GW renewables portfolio in India.

Senvion secures 591-MW wind turbine contract from JSW

India’s Senvion, now owned by Saudi Arabia’s Alfanar Group, has secured a contract to deliver 591 MW of wind turbines to Indian private generator JSW Energy.

Repsol raises green targets in bid to reach net-zero goal by 2050

Spain’s Repsol now aims to reach 6 GW of renewables capacity by 2025 and 20 GW by 2030 as the first steps in becoming a net-zero emissions company by 2050.

AsiaElec: Renewables could halve India’s generating costs

India stands to gain the most from a rapid roll-out of renewables if current green technology is harnessed to reach net zero, a recent report from Wärtsilä has forecast.

Australia's Jade Gas to start fieldwork on Mongolian coal bed methane project

MMC signs financing deal with other miners for containerised coal shipments terminal by Mongolian-Chinese border

SEB puts $4 trillion annual price tag on net zero

SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.

China’s promise of no overseas coal financing could free up $130bn for green investment

China’s promise to abandon financing coal projects overseas could affect a total of 44 coal plants across Asia and Africa with a combined 42,220 MW of capacity.

Tokio Marine stops insuring coal project

Japan’s Tokio Marine Holdings has become the first Japanese insurer to halt its support for new coal projects.

CLP Group to close coal plants by 2040

Hong Kong’s CLP Group is to close its fleet of coal-fired power plants across the world gradually by 2040, 10 years earlier than previously planned.

India to persist with coal auctions

The Indian Coal Ministry is to re-auction 11 coal mines after it received little interest in its previous bid round in August.