AsiaElec - Asia Power

Sterling and Wilson Renewable Energy bags orders worth $61mn in India

Sterling and Wilson Renewable Energy Limited, an Indian renewable EPC company, announced on September 24 that it had secured two new domestic orders from private independent power producers (IPPs) valued at approximately INR5.12bn ($61mn).

G7-led effort to phase out coal plants faces delays as Indonesian power deal stalls

Efforts to accelerate the closure of coal power plants in developing nations, backed by G7 countries, have encountered further delays.

Energy transition slows as global oil and gas industry refocuses on fossil fuels – report

Solar power sees record gains in 2023

Renewables generated 30% of global electricity for the first time in 2023, on the back of strong growth in solar and wind generation.

Petronas clarifies no legal action against Sarawak over gas distribution

Petroliam Nasional Bhd (Petronas) has confirmed it will not pursue legal action against the Sarawak government or its state-owned oil and gas company, Petroleum Sarawak Bhd (Petros), concerning natural gas distribution.

Zelestra secures $146mn financing package for solar photovoltaic plant in India

Renewable energy firm Zelestra has secured a €132mn ($146mn) project financing package for its Gorbea solar photovoltaic plant in India, the company announced last week.

India’s AM Green acquires Finland-based Chempolis Oy and Fortum 3

Hyderabad-based energy transition solutions provider AM Green Technology and Solutions announced on September 23 that it has signed binding deeds to acquire Finland’s Chempolis Oy and Fortum 3 B.V., marking its entry into the biofuels industry.

IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing

Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.

Resale of Aussie gas by Japanese buyers draws criticism

Shipments of Australian LNG, originally contracted for Japan, are being diverted to other countries such as Thailand, Taiwan and also Indonesia.

Inox Wind secures $260mn financing deal with ICICI Bank-led consortium

Mumbai-listed Inox Wind Limited (IWL), a prominent provider of wind energy solutions, has entered into a consortium agreement with a group of banks led by ICICI Bank to secure INR22bn (260mn), according to a stock exchange filing by IWL

India's plan to double coal production by 2030 set to surge methane emissions: report

India, already the world’s second-largest coal producer, is planning to double its coal output by the end of this decade, targeting over 1.5bn tonnes annually.

Falling oil prices could save Pakistan $3-$3.5bn annually

Pakistan could potentially save between $3 and $3.5bn annually on energy imports due to declining oil prices.

Freyr Energy to launch experience centres across India

Freyr Energy, an Indian rooftop solar provider for homes and small businesses, last week announced plans to open experience centres in all its operational cities over the next two years.

Singaporean companies invest $2.4bn in Brookfield Asset Management for clean energy projects

Canada-based Brookfield Asset Management has secured an initial $2.4bn for its Catalytic Transition Fund, a vehicle aimed at investing in clean energy and transition projects in emerging markets

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.