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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.
AsiaElec reports on project investment and approval, providing news and intelligence on key developments. This is ideal, not only for investors, developers and competitors, but for service, infrastructure and construction companies, who benefit from knowing where best to make their next key move in a rapidly developing market.
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Offshore wind has the potential to accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system.
The Philippines’ San Miguel Corporation is to stop building new coal-fired power plants and will instead concentrate on renewables, the country’s Department of Energy said in a statement.
India’s state-owned distribution companies (discoms) could save up to $1.23bn per year if they focused on efficiency rather than trying to cover costs, a new study found.
The Thai government is set to approve plans to build a 1,400-MW gas-fired thermal power plant in Surat Thani, replacing two highly contentious coal-fired power plant projects in the southern region.
South Korea’s Hyundai Engineering and Construction will not take on any new coal power construction projects, although it will finish current projects in Vietnam and elsewhere across Asia.
Indonesia has submitted revised 2030 climate change targets to the UN, although fossil fuels are still set to dominate, providing 69% of the country’s primary energy supply by 2050.
AsiaElec: Singapore’s Sunseap to invest $2bn in 2,200-MW floating solar and storage project in Indonesia
Singapore’s Sunseap Group is to invest $2bn in developing a 2,200-MW floating solar plus storage project, the largest such solar project to date world-wide, on the Indonesian island of Batam.
Super-major Chevron confirmed this week that it would not meet its carbon dioxide (CO2) injection target at its Gorgon LNG facility, which has a carbon capture and storage (CCS) component.
Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO).
The International Energy Agency (IEA) has warned that only 2% of post-pandemic spending commitments by governments, totalling $16 trillion, will fund green energy projects.
State-run Indian Oil Corp. (IOC) intends to build the country’s first green hydrogen plant at its 8mn tonne per year (160,000 barrel per day) Mathura refinery in Uttar Pradesh, chairman Shrikant Madhav Vaidya said this week.
India’s Vikram Solar to build a 1.3-GW per year solar PV module manufacturing plant at the Indospace Industrial Park in Chennai, Tamil Nadu State.
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis (IEEFA) said.
Japan is to increase its 2030 target for renewables’ share of power generation to 36-38%, up from the current 22-24%, as it looks for ways to meet its 2030 Paris climate targets.
South Korea’s power networks are in danger of failing to meet demand during the present hot weather, with the difference between supply margin falling to a low of 10% this week.
Iberdrola has acquired Asian green developer Sowitec Vietnam in a move that gives it access to a 550-MW renewables pipeline, including a floating solar project and five onshore wind farms.
Renewables will soon account for 7% of Pakistan’s power output, with 2,000 MW of green capacity currently operating in the country.
Siemens Gamesa has won a 322-MW turbine supply deal from India’s ReNew Power for the Tondehal wind farm in the southern state of Karnataka.
Leading CEOs of the global wind industry are calling on G20 members to show leadership in the climate crisis by raising national ambitions and urgently laying out concrete plans for increased wind energy production to replace fossil fuels.
South Korea's nuclear safety regulator has given its conditional approval for the start-up of unit 1 at Korea Hydro & Nuclear Power's Shin Hanul nuclear power plant.
Switzerland-based infrastructure investor White Summit Capital has signed a memorandum of understanding with Japan-based Marubeni to develop more than 1 GW of industrial-scale green hydrogen projects, mainly in Spain, over the next decade.
The Asian Development Bank (ADB) has committed itself to aligning its operations with the goals of the Paris Agreement.
India’s Adani Group is doubling its coal-fired power capacity to 24 GW and expanding its coal production to 132mn tonnes per year.