AsiaElec - Asia Power

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Power

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Overview

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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Coal phase-out could take longer than thought

26 November 2021

Thermal coal demand is expected to rise until the mid-2020s, despite the COP26 agreement, Wood McKenzie said in the aftermath of the UN climate summit in Glasgow.

Corporate net-zero targets grow, but more needs to be done

26 November 2021

Listed companies accounting for 75% of total global corporate revenues now have net-zero targets of some kind, with the share growing four-fold over the past year, according to new research from Net-Zero Tracker.

AsiaElec: Electricity demand in SE Asia to rise in 2021

26 November 2021

Electricity demand in Southeast Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has mitigated the impact of pandemic on power consumption, Fitch Ratings says in a new report.

Singapore’s VFlowTech scales up energy storage tech for EV charging

25 November 2021

Singapore energy storage company VFlowTech is to team up with Seoul National University of Science & Technology (SeoulTech) and South Korean-based CompanyWE to install green EV charging infrastructure at existing filling stations in South Korea.

REM: Wind power must not become too cheap, says leading turbine maker

24 November 2021

Wind power could become too cheap, trimming the profit margins of component manufacturers too much, said Andreas Nauen, chief executive of Siemens Gamesa, in an interview in Copenhagen with Reuters.

IHS Markit: global solar PV installations to grow 20% in 2022

22 November 2021

Global solar photovoltaic (PV) installations will see more than 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, despite continuing rising costs of production, according to a new report by IHS Markit.

Equinor seals 3-GW offshore deal with South Korea’s EWP

18 November 2021

Norway's Equinor has signed an agreement with Korean East-West Power (EWP) to co-operate on offshore wind projects in South Korea.

IEA stresses efficiency improvement needed to reach net zero

18 November 2021

Rapid improvements in energy efficiency technology are needed to keep global climate pledges within reach, the International Energy Agency said in a recent report.

KEPCO, six subsidiaries announce complete exit from coal by 2050

18 November 2021

State-owned Korea Electric Power Corp. (KEPCO) and its six power generation subsidiaries said this week they would pursue a gradual but complete exit from coal by 2050.

Vietnam to give priority to renewables

18 November 2021

Vietnam expects solar power to account for 5.9% of power output by 2030 and 8.4% by 2045.

India’s coal consumption set to endure

18 November 2021

India’s dramatic intervention at COP26 to change “phase out” to “phase down” for coal cannot hide the country’ continued reliance on coal, with peak coal use in power generation not set to arrive until 2040.

AsianOil: Petronas signs raft of CCUS agreements

16 November 2021

Malaysia’s state-owned Petronas has signed a number of agreements this month with international partners that focus on developing carbon capture, utilisation and storage (CCUS) technology.

Coal emerges down, but not out, from Glasgow

16 November 2021

The COP26 conference finished 26 hours late on November 13, with a last-minute intervention by India watering down the final agreement’s commitment on coal.

Chevron to use carbon credits to make up for Gorgon CCS shortfall

12 November 2021

Chevron and its partners in the giant Gorgon LNG project in Australia will buy carbon credits likely worth more than $183mn to compensate for failing to meet carbon capture targets.

COP26 sectoral initiatives could close 2030 emissions gap by 9%

11 November 2021

An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.

AFrElec: UK funding to support developing cities and regions transition to net zero by 2050

11 November 2021

The UK government has announced GBP27.5mn ($37.1mn) of seed funding to support the UK Urban Climate Action Programme in a bid to tackle climate change and reduce emissions in cities in Africa, Asia and Latin America.

Guterres stresses emissions, finance gaps still major barriers to 1.5C

11 November 2021

UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.

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