AsiaElec - Asia Power
Australia’s renewables drive lower prices, record-low emissions, says market operator
Renewable energy is driving down the wholesale cost of energy, setting new records for minimum demand for electricity from the grid and driving emissions to record lows, AEMO’s latest market intelligence report shows.
Japan battery storage projects offered up to $1.8bn in subsidies
Japan’s central government has provisionally set aside up to $1.8bn in the form of subsidies for firms capable of producing eight large-scale storage batteries and a pair of semiconductor projects.
India makes move to first localise, then expand hydrogen networks nationwide
In news from New Delhi this week, the north-western state of Gujarat, the home of Prime Minister Narendra Modi, has initiated a so-called ‘Hydrogen Valley Project’ in a bid to help boost local hydrogen use and infrastructure.
Australia's New South Wales selects 1.4 GW of wind, solar and storage
The government of New South Wales in Australia has announced that it has awarded contracts for one wind farm, two solar projects and one battery energy storage system.
Taiwan commissions largest ever renewables project of 272 MW of solar
Vena Energy, the Singapore-based energy firm and one of the wider Asia-Pacific region’s leading installers of renewables projects, late last month announced the completion and commissioning of a 272-MW solar project in western Taiwan.
Korean-US SMR links to benefit wider Asian region
On a state visit to the United States last week, South Korean President Yoon Suk-yeol oversaw the signing of a number of far-reaching agreements with US firms to boost the use of Korean and US SMR technology in Asian markets and beyond.
Taiwan is starting to think virtual when tallying its energy mix
In something of a global first, Taiwan has added a virtual element to its nationwide power grid capacity numbers. The move is the result of local battery-swap tech specialist Gogoro teaming up with Italian energy infrastructure experts Enel X.
Coal must be removed from mix faster than currently planned: ADB
In a report released by the Asian Development Bank it was surmised that Asia needs to make significantly faster moves towards its green energy transition than it is presently doing.
Global offshore wind soars in face of energy market vulnerability
New research from the Renewables Consulting Group (RCG) finds that global offshore wind market development soared during 2022 due to energy vulnerability across several key European markets.
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