AsiaElec - Asia Power

BlueFloat Energy unveils site for Taiwan floating wind project

BlueFloat Energy has taken a significant step forward in Taiwan's burgeoning offshore wind sector by revealing the location of its Winds of September Phase 1 project.

Coal to remain vital for India’s energy needs despite renewable push, says minister

The coal sector will continue to be a crucial source of energy for India, despite a concerted push towards renewable energy, the Indian Minister of State for Power Shripad Naik said on August 8 in the Lok Sabha.

India modifies Pradhan Mantri JI-VAN Yojana to boost biofuels sector

To boost investment in the biofuels sector, the Indian government has modified the Pradhan Mantri JI-VAN Yojana, initially notified in 2019, according to a statement published on August 9 by the Indian cabinet.

Tata Power, Druk Green Power to set up 600-MW hydropower project in Bhutan

Indian integrated power company Tata Power has formed a strategic partnership with Druk Green Power Corporation of Bhutan to develop the 600-MW Khorlochhu hydropower project, it announced on August 7.

AsiaElec: Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix

REM: Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix

Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix

China continues to consolidate its position as global green energy champion after wind and solar power overtook coal as the biggest contributor to its energy mix, as of June this year.

Taiwan cabinet unveils energy efficiency measures to slash emissions

Taiwan’s Cabinet announced on August 8, a series of policies designed to enhance energy efficiency across various sectors, aiming to cut 20.6bn kilowatt hours of energy consumption over the next four years.

Blueleaf Energy secures $170mn financing for 200 MW wind-solar hybrid project in India

Renewable energy company Blueleaf Energy, owned by a Macquarie Asset Management-managed fund, announced on August 7 the financial close of its 200 MW wind-solar hybrid power plant under development in the state of Madhya Pradesh in India.

India's wind energy growth falls short of 2030 targets despite recent gains, report says

Despite a rise in India's annual wind installations over the past three years, the current pace of development, at 2.8 GW in 2023, falls short of the rate required to meet the country's 2030 renewable energy targets.

Vietnamese firms struggle to tap green capital

Despite ample green financial capital available globally and investor interest in Vietnam, local firms are facing significant hurdles in accessing these funds, experts said on August 6

Taiwan allocates 2.7 GW in latest offshore wind tender

Taiwan's Ministry of Economic Affairs has unveiled the results of its Round 3.2 offshore wind tender, awarding 2.7 gigawatts (GW) of capacity across five projects.

Chinese state firm eyes renewable energy investments in Panama

China Energy International Group, a state-owned conglomerate, has expressed interest in investing in renewable energy projects in Panama, focusing on offshore wind energy and water treatment, the Panamanian government said on August 5.

Splitwaters, Oriana Power to develop green hydrogen facilities in India

Splitwaters, a US-based company specialising in electrolyzers and balance of plant equipment for green hydrogen production, has teamed up with India-based Oriana Power to develop green hydrogen and e-fuel facilities in India.

Multiple South Korean LNG projects face the axe on back of lack of economic benefits

In the same month that even mainstream media outlets are highlighting the increased shipments of US-origin LNG to Asia in recent weeks, to China and South Korea in particular. A number of LNG projects in peninsula Korea are facing closure.

Singapore launches carbon trading platform

Singapore has officially launched the Singapore Carbon Market Alliance, a platform aimed at better connecting buyers and sellers of carbon credits.

Sri Lanka signs $100mn loan from ADB for power sector reforms

The government of Sri Lanka has signed a $100mn loan agreement with the Asian Development Bank (ADB) to enhance the financial sustainability of the country’s power sector.

India's Adani Power maintains uninterrupted power supply to Bangladesh

India’s Adani Power is continuing to supply power to the Bangladesh Power Development Board (BPDB) without any disruption despite the ongoing political turmoil in Bangladesh.

ADB invests $100mn in Indian renewable energy company Fourth Partner Energy

The Asian Development Bank (ADB) announced on August 6 that it had signed a $100mn equity investment agreement with Indian renewable energy company Fourth Partner Energy.

LNG price cap in Vietnam could harm gas-fired power targets

Vietnam's ambition to have LNG account for 15% of its power capacity by 2030 faces significant challenges.

India to add 80 GW coal-based capacity by 2032 to meet rising power demand

India plans to establish an additional minimum of 80 GW of coal-based capacity by 2031-32 to meet rising power demand, Shripad Naik, Minister of State for Power.

Indian Energy Exchange achieves record volume in July

Indian Energy Exchange (IEX) achieved the highest ever total volume of 13,250mn units (MU) in July 2024, marking a 56% year-over-year increase.

AsiaElec: MOL gets greenlight for wind-assisted LNG carrier

MOL gets greenlight for wind-assisted LNG carrier

Japanese shipping giant Mitsui O.S.K. Lines was granted approval in principle from Nippon Kaiji Kyokai to commence design for a membrane LNG vessel, which will feature the installation of Wind Challenger, a wind-assisted power propulsion system.

US LNG exports shift from Europe to Asia in July

US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.