AsiaElec - Asia Power
Philippine rooftop solar boom makes country China’s second-largest export market in 2026
The Philippines has emerged as China’s second-largest export market for solar panels so far in 2026, driven by a rapid expansion of rooftop installations as households and businesses seek relief from some of the highest electricity prices in Asia.
Indonesian energy, agrarian ministries assign 24,000 hectares land for $71.3bn solar blitz
The Indonesian government has mobilised a land-banking and grid-integration framework to launch a renewable energy deployment
Taiwan summer electricity tariffs begin as average household bills rise by $14 a month
Summer electricity tariffs for residential customers in Taiwan started on June 1, with the average household expected to pay about NT$446 more per month through the end of September.
The magnet wars and how China still holds the keys to electric mobility
While Western carmakers rush to roll out new electric models, their production lines remain tethered to an extraction and refining network dominated by a single superpower - China.
Japan’s Mitsui seeks larger LNG portfolio amid data centre boom
Mitsui is betting on LNG’s profile as a cleaner gas to play a key role in powering data centres.
PV Power and B.Grimm sign $2bn LNG project deal in Vietnam’s Ha Tinh province
Vietnam’s PV Power and Thailand’s B.Grimm Power have signed a cooperation agreement to develop a $2bn LNG-fired power project in central Vietnam, marking a further expansion of cross-border energy investment in the region.
Australia pledges $10m to back climate tech startups in Vietnam
Australia has committed $10m to support climate-focused startups in Vietnam, in a move aimed at strengthening the country’s early-stage green investment ecosystem.
Japan’s Toyota scraps next-generation EV development amid global slowdown
Toyota Motor Corp. said on May 29 it will cancel development of a next-generation electric vehicle, citing a stagnant global EV market.
Pakistan considers ending preferential tax treatment for EVs, hybrids in FY27 budget
Electric and hybrid vehicles in Pakistan could become substantially more expensive from the next fiscal year as the government weighs the removal of preferential tax treatment under proposals being discussed for the federal budget 2026-27.
Sunsure commissions 105 MWp solar project in India's Uttar Pradesh
Sunsure Energy has commissioned a 105-MWp solar power project in Uttar Pradesh's Mahoba district, strengthening its renewable energy footprint in one of India's fastest-growing industrial states.
Asia’s coal comeback complicates energy transition across region
Taiwan has struggled to secure LNG supplies through May and finalised contracts covering roughly half of June demand, but additional procurement costs are expected to reach into the billions of US dollars to complete.
China nuclear firm to raise $545mn in private placement
China Nuclear Engineering Corporation Limited plans to raise CNY4bn ($545mn) through a private placement of shares, the company announced.
Harbour Energy closes $215mn on Natuna, Tuna assets sale to Prime Group
UK independent upstream titan Harbour Energy plc (LON: HBR) has formally completed the divestment of its primary operated oil and gas portfolios in the South Natuna Sea
Oyster Renewable, Dalmia Cement to develop 31.6-MW hybrid renewable energy project in India
Oyster Renewable Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd (NSE: DALBHARAT) have announced plans to develop a 31.6-MW solar-wind hybrid renewable energy project in Andhra Pradesh’s Kadapa district.
Ørsted completes cable works at Taiwan offshore wind farm
The developer said all 42 turbines at the project’s second phase, the 583-MW Greater Changhua 4 wind farm, are now connected to Taipower’s grid and generating electricity.
Japan-China EV venture targets mini vehicle launch
The Yokohama-based company plans to introduce four models under its EMTA brand by 2029 and expand into overseas markets.
India’s POWERGRID profit rises
The results reflect stable earnings growth as India continues to expand its electricity transmission network to support rising power demand and renewable energy integration.
Petrovietnam prepares response plans amid oil market volatility
Petrovietnam is strengthening risk management measures as global oil and liquefied natural gas markets face increasing instability driven by geopolitical tensions and supply chain pressures.
Myanmar introduces electric vehicle scheme for unsafe cars
Myanmar’s Ministry of Commerce has introduced a programme allowing old and unsafe vehicles to be replaced with electric vehicles as part of efforts to improve road safety, reduce fuel consumption and tackle pollution.
LG Energy Solution supplies $1.6bn batteries to US
LG Energy Solution (373220.KS) will supply energy storage system (ESS) batteries worth $1.6bn to an unnamed US energy company, the South Korean firm announced on May 28.
Australia drops draft of 20% LNG reservation rules
The Australian government has officially released its highly anticipated draft regulations for a blanket 20% domestic gas reservation mandate, initiating a high-stakes industry consultation window
South Korea builds nuclear-solar supergrid to prevent blackouts
Korea Hydro & Nuclear Power is building a multi-tiered power network to secure national electricity supplies, the Gyeongbuk-based utility has announced.
India's Clean Max secures $575mn for renewable energy portfolio
India’s Clean Max Enviro Energy Solutions Limited has secured around $575mn through a mix of domestic and international financing facilities to support nearly 1 GW of renewable energy projects across Rajasthan and Karnataka.
Jinko Solar expands Myanmar presence with 100MW deal
Jinko Solar has secured a major renewable energy deal in Myanmar after signing a 100 MW distribution agreement for its Tiger Neo 3.0 solar modules.
Vietnam positioned to lead Southeast Asia wind energy
Vietnam is emerging as one of Southeast Asia’s strongest contenders in the offshore wind energy sector, with experts pointing to major opportunities in clean power, manufacturing and industrial development.
India clears Tata International and Mercuria Energy joint venture
India's competition regulator has approved the formation of a commodities trading joint venture between a subsidiary of one of the world's largest privately held energy trading groups and the international trading arm of India's Tata conglomerate.
Competition Commission of India greenlights Singapore’s Tata-Mercuria joint venture
The Competition Commission of India (CCI) grants antitrust clearance for the establishment of a high-powered global commodities trading joint venture between Swiss trading giant Mercuria Energy Group and Singaporean Tata Group
Sri Lanka receives first utility-scale battery storage systems
Sri Lanka has taken a major step towards modernising its power sector with the arrival of the country’s first commercial-scale Battery Energy Storage System (BESS) equipment through the Port of Colombo.
HSBC targets Philippines in $4bn clean energy financing push
HSBC has launched a $4bn sustainability and transition credit facility aimed at supporting clean energy and low-carbon companies in mainland China, with the Philippines identified as a key hub for future regional expansion.
Nissan abandons UK EV drive production plan
Jatco, a Nissan subsidiary jointly developing drive units for electric vehicles, had planned to build a factory in Sunderland in 2026 to supply parts to Nissan’s local assembly plant.
Pakistan plans strategic oil reserves, seeks private storage to bolster energy security
Pakistan is preparing a broad strategy to strengthen its energy security by developing strategic petroleum reserves and expanding domestic storage capacity for crude oil and refined fuels.
GCL SI, Getz Energy agree Thailand solar supply deal
Deliveries will be carried out in phases in line with construction timelines and grid connection schedules.
Hitachi Energy India profit jumps on higher revenue
Hitachi Energy India reported a sharp rise in annual profit for the 2025-26 financial year, supported by stronger revenue growth.
Adani Green commissions 3.37-GWh battery storage project in India's Gujarat
Adani Green Energy Ltd (NSE: ADANIGREEN) has commissioned a cumulative 3.37 Gigawatt-hour (GWh) Battery Energy Storage System (BESS) at its Khavda renewable energy complex in Gujarat.
Laos halts fuel vehicle imports to boost EV shift
Laos will suspend imports of petrol and diesel vehicles until the end of 2026 as part of a wider push to accelerate electric vehicle adoption.
Cambodia pursues UNCLOS solution for maritime energy dispute
Cambodia hopes international law will help peacefully settle maritime disputes with Thailand while unlocking major regional energy resources, according to Mines and Energy Minister Keo Rottanak.
Laos and Cambodia push forward ASEAN power grid
Laos and Cambodia have taken another step towards regional energy integration by signing an agreement to study a cross-border electricity grid connection.
Vietnam backs 13 green projects worth $352mn
Vietnam’s Climate Finance Accelerator (CFA) has selected 13 low-carbon projects valued at a combined $352mn to support the country’s green transition.
Pakistan seeks Gulf backing for oil reserve hub siting
Pakistan has revealed that it is hoping to persuade Gulf oil producers to establish crude storage reserves at a planned energy hub near Gwadar Port as Islamabad attempts to strengthen domestic energy security following months of disruption.
Philippine green energy firms advance corporate merger valuation
SPNEC, developer of the Philippines' largest solar farm, is proceeding with its merger with MGEN Renewable Energy Inc (MGEN Renewables), the clean energy arm of the country’s biggest private power distribution utility.
Australian Union Group Pulls Strike Action at Inpex’s Ichthys Plant
The Offshore Alliance union group has pulled strike action that had been planned for Inpex’s Ichthys LNG plant on May 27 and 28.
West Papua inks green factory pact with China’s Conch Group
The West Papua Provincial Government (Pemprov Papua Barat) has finalised a strategic green industrialisation framework with Chinese manufacturing conglomerate Conch Group
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