AsiaElec - Asia Power

Floating offshore set to be the next game-changer in Asia

Floating offshore could be the next frontier in wind power development in Asia-Pacific, said Wood Mackenzie, with capex costs set to fall by 40% to average $3mn per MW by 2025-2030.

GE Renewable Energy to build wind farm in Lâm Đồng Province in Vietnam

GE Renewable Energy is to install 15 units of its 4MW-137 wind turbines to the Cau Dat wind farm in Vietnam’s Lâm Đồng Province.

India’s green growth is not enough

India’s solar and wind growth is not fast enough to meet the government’s capacity targets

Bangladesh to drop 7,500 MW of proposed coal power projects

The Bangladeshi government has decided in principle to scrap 7,461 MW of proposed new coal power capacity at nine sites around the country after widespread criticism from both domestic and global environmental groups.

Energy storage market forecast to double 2021

The global energy storage market is targeting record expansion in 2021, with annual installations set to break through the 10-GW barrier for the first time.

Scatec, Nizam Energy close financing for Pakistan’s 150-MW Sukkur solar project

Norwegian renewable developer Scatec and local partner Nizam Energy have secured a $100mn financial closure for the 150-MW Sukkur solar project in Pakistan’s Sindh Province.

PV addition could rise to 209 GW in 2021: BNEF

Solar PV capacity additions could be as high as 209 GW in 2021, compared with 141 GW in 2020, new research from Bloomberg New Energy Finance forecasts.

Phoenix downplays company sale comments

Philippine fuel retailer Phoenix Petroleum has downplayed a report that its parent company, Udenna, is planning to sell the company.

ION Energy’s pioneering Mongolia lithium exploration project ‘benefits from proximity to China’

India has chance to ensure coal never recovers

Coal has been the big loser of the COVID-19 driven fall in demand in India. The government now has the opportunity to reduce coal’s importance while still meeting recovering demand.

South Korea's power output falls again in 2020

South Korea's electricity generation fell for the second consecutive year in 2020 as demand dipped amid the coronavirus pandemic.

China plans to raise green purchases to 40% by 2030

China’s National Energy Administration (NEA) is to force regional grid firms to buy at least 40% of their power from non-fossil fuel sources by 2030 in order to meet the country’s climate targets, Reuters reported.

Chinese wind turbine manufacturer Goldwind surpasses 1 GW of wind turbine capacity in North America

The North American subsidiary of Goldwind Science & Technology of China, has exceeded a total of 1 GW total wind turbine capacity in the US and Canada with the delivery of more than 400 MW of wind turbines in 2020 and early.

Chinese company joins Brazilian LNG-to-power project

China’s State Power Investment Corp. (SPIC) has completed its acquisition of a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.

IEA scrutinises India’s gas-based economy goals

While Indian Prime Minister Narendra Modi has said once again that he wants to see India become a gas-based economy, the International Energy Agency (IEA) has said more needs to be done at a political level to achieve this.

South Korea signs 8.2-GW offshore wind deal

A number of South Korean companies led by KEPCO, Doosan Heavy Industries & Construction and SK E&S have signed a $43bn deal to build what the South Korean government has said will be the world's biggest offshore wind power complex.

Pakistan tries to reschedule Belt and Road debt repayments

Pakistan is to ask China to reschedule loan repayments for power projects financed by Beijing over the past eight years.

Delaying India’s emission deadline could hold back pollution fight

The Indian Power Ministry’s efforts to extend the proposed deadline to meet emission norms for coal-based thermal power plants could hinder efforts to fight air pollution.

India’s quest to meet rising energy demand

India is set to see the largest increase in energy demand of any country over next 20 years, a new IEA report says, highlighting potential for policies and investment to accelerate clean energy transition.

India warns of global economic fallout from soaring oil prices

The Indian government sounded the alarm this week over rebounding oil prices, saying that a sustained rally could hurt the global economic recovery.

Woodside commits to Myanmar drilling despite coup

Australian developer Woodside Petroleum remains committed to drilling three deepwater wells offshore Myanmar this year, despite the country’s recent military coup.

Australia needs more ambitious green targets

Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, said Wood Mackenzie in a note.

StormGeo wins weather contract for Japan’s Akita Noshiro wind farm

Japan’s Kajima Corp. has contracted StormGeo for the provision of weather forecasting services for the first multi-turbine offshore wind farm in Japan.

China’s environmental watchdog finds its teeth

China’s environmental watchdog has criticised the National Energy Administration (NEA) for pursuing coal expansion while ignoring environmental standards.

The future for CSP

Rapidly falling costs for CSP with storage mean the technology is becoming a more attractive option for green baseload power