AsiaElec - Asia Power
China to exceed 1.2 TW wind, solar by 2030
China is expected to exceed its target of having 1.2 TW of combined solar and wind energy capacity in place by 2030, with forecasts predicting a combined capacity of 3.3 TW by that time, according to a new report by Goldman Sachs Research.
India going big on renewables, but clinging to coal raises questions
India has made yet another statement of intent in its quest to reach net zero by 2070, a goal first announced in November 2021, at COP26.
OX2 to buy Australia’s ESCO Pacific for $84mn
OX2, of Sweden, has agreed to purchase Australia’s ESCO Pacific for $84mn. ESCO Pacific is partially owned by the oil supermajor Shell (49%).
Ørsted to proceed with 920 MW of offshore wind off Taiwan
Danish firm Ørsted has taken a final investment decision on the Greater Changhua 2b and 4 offshore wind farms off Taiwan. The projects total 920 MW.
CIP signs 2 GW of Philippines offshore wind contracts
Copenhagen Infrastructure Partners (CIP) will invest $5bn in three offshore wind energy projects in the Philippines. The projects will have a potential capacity of 2 GW.
Construction at suspended NPP units back on track
Moves by South Korea’s Ministry of Trade, Industry and Energy saw Seoul’s recent nuclear ambitions continue apace late last month with an agreement signed on material supplies for the Shin Hanul nuclear power plant.
Coal India sees output rise by over 80mn tonnes year on year
For the first time in 17 years, Indian coal production’s main player has exceeded its national targets. Coal India revealed that the firm’s own annual goal of mining 700mn tonnes of coal for the year had been surpassed by just over 3.4mn tonnes.
Singapore delivery drivers to be offered Gogoro Smartscooters
Taiwan’s scooter battery-swap giant Gogoro has finally broken into the battery-swap market of Singapore. The firm already has thousands of so-called ‘GoStations’ enabling battery-swaps in a matter of minutes around the world.
Chinese long-term ammonia ambitions come to the fore
Long considered ambivalent to ever-changing attitudes on hydrogen and ammonia opportunities by some in East Asia, China is finally making moves to change that.
Russian electricity exports to China and Mongolia expected to grow in 2023
Russia's Deputy Energy Minister Pavel Snikkars says that electricity exports to China and Mongolia are set to grow in 2023. He said: "As regards the destination of China and Mongolia, I believe the indicator will stay flat or have a minor increase."
Australian lower house passes emissions reduction plan
Australia’s lower house of Parliament on 27 March passed an emissions reduction plan that would limit the country’s greenhouse gas emissions and thus affect the operations of existing high-carbon producing facilities.
Brookfield, EIG to acquire Origin for $12.4bn
Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.
$35 trillion renewables investment needed by 2030 - IRENA
The global energy transition is “off-track”, aggravated by the effects of world-wide crises, says the International Renewable Energy Agency in a new report. A renewables investment of $35 trillion by 2030 is needed for the energy transition.
Brookfield to invest in $13.4bn Australian renewables plan
Brookfield Asset Management is leading a consortium that will invest at least AUD20bn ($13.4bn) during the next decade to construct up to 14 GW of new renewable generation and storage facilities in Australia.
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