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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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Jinko Solar/EDF make record low bid for UAE solar project

29 April 2020

China’s Jinko Solar is part of a consortium that has made a record-breaking low bid for the Emirates Water and Electricity Company’s (EWEC) 1.5-GW Al Dhafra solar project.

HSBC pulls out of coal financing in Asia

29 April 2020

HSBC has finally called a halt to its backing of coal projects, telling shareholders that it was withdrawing from coal in Bangladesh, Indonesia and Vietnam.

Decarbonisation carries $130 trillion price tag

23 April 2020

Decarbonising global energy systems has the potential to support the world’s economic recovery from the current coronavirus crisis

150 GW of green capacity at risk in Asia

23 April 2020

Up to 150 GW of future wind and solar capacity in the Asia-Pacific region could be at risk over the next five years because of the current coronavirus (COVID-19) crisis.

India aims for post-COVID-19 green boost

23 April 2020

India aims to boost its solar and wind manufacturing capacity in a bid to become a major global green energy hub and to win market share from China.

Emissions forecast to fall by 4%

15 April 2020

The global COVID-19 pandemic could cause emissions to fall by 4% in 2020

Ørsted positive for offshore wind in Japan

15 April 2020

Ørsted CEO Matthias Bausenwein remains hopeful that the COVID-19 pandemic will not affect the company’s plans for Japan’s emerging offshore wind industry

3 GW of green capacity at risk in Australia in 2020

15 April 2020

The global COVID-19 pandemic could cause up to 3GW of wind and solar projects in Australia to be put on hold.

Indian power consumption falls 25%

15 April 2020

Indian power consumption falls 25%

Egypt abandons coal as renewables prove cheaper

9 April 2020

Egypt has abandoned its plans to build 6,600 MW of coal-fired capacity at Hamrawein

innogy joins Taiwan’s offshore wind boom

8 April 2020

innogy has joined Asia Cement Corporation’s (ACC) 448-MW Chu Feng offshore wind project

Green growth outpaces fossil fuels, but more is needed from governments

8 April 2020

Global renewable generating capacity grew by 7.4% to 2,537 GW in 2019, bringing online 176 GW of new installations

Three Gorges’ $2.5bn IPO to fund offshore wind

8 April 2020

China Three Gorges (CTG) aims to raise CNY25bn ($3.5bn) through an IPO in Shanghai to help fund the construction of up to 2.2 GW of offshore wind capacity.

Saudi oil surge and the threat to the energy transition

2 April 2020

The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance

Renewables growth set to be lost in 2020

1 April 2020

The previously ambitious growth forecasts for solar and wind for 2020 now face being wiped out

China aims for massive 60-GW solar panel factory

1 April 2020

China’s GCL System Integration Technology (GCL-SI) is to spend $2.5bn on constructing a 60-GW capacity solar module factory

Vestas signs 363 MW of Chinese turbine deals

1 April 2020

Vestas has announced three major turbine deals in China in the last week amounting to a combined 363 MW

Japan misses chance to cut emissions ahead of COP26

1 April 2020

Japan has failed to commit to more emissions reductions in its NDC, while insisting it is on course to meet its 2030 commitments

China props up global coal power industry in 2019

26 March 2020

Coal power construction fell sharply for the fourth year in a row in 2019, with African coal facing weaker political support

Global wind growth hit by COVID-19

25 March 2020

The global wind sector added 60.4 GW of new capacity in 2019, 19% more than 2018 installations, with 6.1 GW added offshore.

Global power demand falls 15%

24 March 2020

The current global COVID-19 crisis has highlighted how much the modern economy relies on electricity, the IEA has claimed.

Fred Olsen confirmed as installer of MHI Vestas turbines at CIP’s Changfang and Xidao wind farm

24 March 2020

Fred Olsen Windcarrier is to install 62 MHI Vestas turbines at the Changfang and Xidao (CFXD) wind farms off Taiwan

Coal now unbankable in India

24 March 2020

Coal power has become largely unbankable in India, with 46 GW of proposed coal-fired power projects cancelled in the last 12 months and 600 GW in the last 10 years.

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