AsiaElec - Asia Power

Is China going to single-handedly save the planet? Emissions may have peaked this year

Is China going to single handedly save the planet? Global emissions could start to fall this year for the first time since the industrial revolution, according to new research, largely thanks to China’s efforts as the global green energy champion.

Global solar power surges as costs plummet, poised to overtake coal in 2024

The cost of electricity generated from solar photovoltaic (PV) panels has plummeted in recent decades, driven by supportive government policies and technological advances, and the energy source is expected to overtake coal in 2025.

AsiaElec: Asian Development Bank approves $500mn loan to support Indonesia’s energy transition

Asian Development Bank approves $500mn loan to support Indonesia’s energy transition

The Asian Development Bank (ADB) announced on September 20 its approval of a $500mn policy-based loan to Indonesia, aimed at bolstering the country’s efforts in transitioning to clean energy

Japan's renewable revolution: paving the way to 80% green energy by 2035

Japan is poised to significantly boost its renewable energy share to 80% by fiscal 2035, according to a recent study by the Renewable Energy Institute.

Singapore expands cross-border electricity imports from Laos and Malaysia

Singapore will expand its capacity to import renewable electricity from Laos and Malaysia as part of the four-nation Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP).

Vietnam explores battery energy storage systems to strengthen renewable energy sector

As Vietnam’s renewable energy sector expands rapidly, experts are advocating for the adoption of battery energy storage systems to enhance energy security and stabilise the national grid

KEPCO’s electricity rate freeze: a temporary relief amid financial turmoil

Korea Electric Power Corp. (KEPCO) announced on Monday its decision to freeze electricity rates for the fourth quarter, a move that signals both relief for consumers and ongoing financial strains for the state-run utility.

Strengthening clean energy cooperation between US, India

The United States and India plan to strengthen bilateral technical, financial, and policy support to expand their clean energy manufacturing capacity, the two countries said in a joint statement issued on September 22.

Dhaka set to sign tripartite hydropower deal with New Delhi, Kathmandu

SK Group to form Asia-Pacific’s largest private energy giant with SK Innovation and SK E&S merger

SK Group is set to revolutionise the energy landscape in the Asia-Pacific region with the merger of SK Innovation and SK E&S, slated to take effect on November 1.

SolarEdge launches powerful inverter for Thai utility solar market

SolarEdge Technologies has unveiled its high-power TerraMax™ Inverter and H1300 Power Optimiser solution in Thailand, targeting small-to-medium utility-scale solar projects

India's NTPC Green Energy files for $1.2bn IPO

NTPC Green Energy Limited, a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus for its planned INR100bn ($1.2bn) initial public offering.

Tata Power secures 400-MW wind-solar hybrid project in Maharashtra

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Mumbai-listed Tata Power, has secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 400-MW wind-solar hybrid project.

Philippines witnesses boom in renewable energy investments

Philippines’s Board of Investments (BOI) has reported record-high investment approvals amounting to PHP1.35 trillion (about $24.3bn) from January to mid-September, with an impressive PHP1.29 trillion attributed solely to renewable energy.

Taiwan's TCC Group halts Russian coal imports

TCC Group Holdings has announced its decision to cease purchasing Russian coal for its Hoping Power Plant, a move that has garnered acclaim from environmental groups.

Southeast Asia set to boost coal imports as demand shifts from China

Southeast Asian nations like Vietnam and the Philippines are expected to drive an increase in coal trade and consumption over the coming decade, despite China's coal demand nearing its peak, according to industry officials.

Global wind power installations reached a new high in 2023

Global wind power installations reached a new high in 2023, increasing renewable energy’s share of total power generation to 30%. Who are the leading countries? China leads the top 15 countries by total installed wind turbine capacity with 442GW.

Solar Energy Corporation of India floats tender for offshore wind power project

The Indian state-owned Solar Energy Corporation of India last week issued a tender for the development of a 500-MW wind power project off the coast of Gujarat.

Jokowi criticises lengthy permit process for geothermal projects, calls for urgent reforms

President Joko "Jokowi" Widodo has voiced his frustration over the lengthy approval process for geothermal power projects in Indonesia, warning that these delays are stifling the development of the country's vast geothermal resources.

India seeks changes to the Indus Water Treaty with Pakistan

India has officially notified Pakistan of its intent to renegotiate the Indus Water Treaty (IWT), marking a significant escalation in the long-standing dispute over water resources between the two nations

Jindal India Renewable enters battery storage space

Jindal India Renewable Energy, a division of the BC Jindal Group, on September 18 announced its entry into the battery energy storage systems (BESS) sector.

Bangladesh’s Rooppur nuclear project reaches milestone

The Rooppur Nuclear Power Plant (NPP) in Bangladesh has made significant progress with the recent loading of dummy fuel assemblies into the first unit of the plant, marking an important step towards its eventual operational launch.

Indian Renewable Energy Development Agency to raise $0.54bn through equity issue

Indian Renewable Energy Development Agency Limited (IREDA) has secured approval from the Department of Investment and Public Asset Management (DIPAM) to raise approximately INR45bn ($0.54bn) through a fresh equity issue.

Indian infrastructure financier REC signs pacts worth $13.37bn

Indian government-owned infrastructure financier REC signed non-binding memorandums of understanding (MoUs) with renewable energy developers worth around INR1.12 trillion ($13.37bn).

India's JBM ECOLIFE Mobility secures $100mn funding from ADB, AIIB

Singapore’s carbon exchange appoints new CEO as it enters growth phase

Climate Impact X (CIX), a Singapore-based carbon trading platform, has named Choo Oi-Yee as its new CEO, taking over nearly six months after the resignation of its founding chief executive, Mikkel Larsen.

India’s thermal coal imports drop to 12-month low in August

India’s thermal coal imports dropped to a 12-month low in August 2024, driven by seasonal weakness in power demand as monsoon rains reduced temperatures.

US, India convene clean energy partnership ministerial in Washington D.C.

The Strategic Clean Energy Partnership Ministerial, led by US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri, took place in Washington D.C. on September 17.

Sembcorp to acquire French ENGIE’s 30% stake in Singapore’s Senoko Energy

Sembcorp Industries, through its subsidiary Sembcorp Utilities Pte Ltd, has entered into an agreement to purchase a 30% stake in Senoko Energy Pte Ltd from French company ENGIE Global Developments B.V.

Mitsubishi, ExxonMobil mulling collaboration on world’s largest low-carbon project

Japan’s Mitsubishi Corp. has inked a deal with ExxonMobil for acquisition of a stake in the oil company’s huge blue hydrogen and ammonia project planned for Baytown, Texas.

India’s RE-INVEST meet secures $391bn in renewable energy commitments by 2030, says minister

The 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) held in Gujarat, India, garnered investment commitments amounting to INR32.45 trillion ($391bn) by 2030, Union Minister for New and Renewable Energy Prahlad Joshi said.

UK, Indonesia forge new five-year pact on sustainable development

The United Kingdom has committed to supporting Indonesia's sustainable development initiatives through a new five-year partnership, formalised in a memorandum of understanding (MoU) signed on September 17

More QatarEnergy LNG carriers to be built in China

In a coup over Korea for its shipbuilding industry, China has agreed a major deal with Qatar for six very large, advanced LNG carriers.

LNG imports to China could stall as storage facilities fill up fast

China’s natural gas storage is nearing capacity, which may lead to a reduction in LNG imports.

Bangladesh returns to LNG spot market following protests, issuing three tenders

Bangladesh has issued tenders for three LNG cargoes, resuming purchases from the spot market.

Gazprom targets top-dog supplier slot of LNG to Vietnam

Gazprom is looking to become Vietnam's primary supplier of LNG, with the aim of supporting the nation's socioeconomic development.

Indonesia's West Belut gas project comes online ahead of schedule

Indonesian energy company Medco E&P has officially begun gas production from its West Belut project, located in the South Natuna Sea Block B offshore Indonesia, the company announced last week.

Conrad secures gas deal with Sembcorp Industries

Conrad Asia Energy, which is focused on natural gas development offshore Indonesia, has secured a gas sales agreement with Singapore’s state-owned Sembcorp Industries.

Thailand's PTT strikes five-year deal for Omani LNG

Thailand’s biggest energy company PTT has signed a five-year contract to receive LNG from Oman.

Pakistan to request Qatar cut LNG supplies

Pakistan is preparing to formally request Qatar reduce its liquefied natural gas (LNG) supplies to alleviate pressure on its gas utilities.

JSW Energy commissions 300-MW wind power project in India's Tamil Nadu

Mumbai-listed power producer JSW Energy’s subsidiary, JSW Renew Energy Two Limited, has commissioned a 300-MW wind power project, connected to the Inter State Transmission System, awarded by the Solar Energy Corporation of India in Tamil Nadu.

India is set to produce 31 GW of hydropower in the coming years, says PM Modi

India is set to produce 31 GW of hydropower in the coming years, with a projected investment of INR120bn ($1.43bn), according to Prime Minister Narendra Modi.

Vietnam’s nascent LNG sector tasked with growing role in energy sector

During a recent seminar in Vietnam’s capital, Ho Chi Minh City earlier this month experts pointed to the country’s growing population and its need for economic growth to emphasise Vietnam’s looming need for natural gas