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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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13,000 shovel-ready green projects could kick-start post-COVID recovery
13,000 shovel-ready renewable energy projects have the potential to provide 22% of the emission reductions needed to meet the UN’s Paris goals and 10mn potential new jobs, research from EY and the European Climate Foundation (ECF) has found.
China trims 2030 gas goal
The country’s energy planners have reduced gas’ projected share of the 2030 primary energy mix from 15% to 12%.
AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans
The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.
US government bans some solar products from China due to alleged forced labour
The Biden administration has banned products used in solar panels from a company in China’s Xinjiang region over allegations of forced labour. China has blasted the action and denied the slave labour charges.
ASIAELEC: Asia’s coal proposals could threaten Paris goals
Coal is set to be more expensive than renewables, making green energy a better bet financially and environmentally.
MDB climate finance reaches $66bn in 2020
Multilateral development banks (MDBs) provided $66bn of climate finance in 2020, up from $61.6bn in 2019.
Hydro’s elderly turbines need fresh investment to contribute to net zero
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says
China’s Hengtong delivers cabling to Vietnam’s Hiep Thanh and Tra Vinh V1-2 wind farm
Chinese submarine cable manufacturer Hengtong has delivered the 35-kV cables and accessories for Vietnam’s Hiep Thanh and Tra Vinh V1-2 nearshore wind farms.
Three South Korean insurers to withdraw from new coal power projects
Three major South Korean insurance companies are to stop providing cover for new coal power projects.
Biden mulls ban on polysilicon imported from China’s Xinjiang region
The Biden administration appears to be closer to banning imports of a raw material used extensively in solar panels from China’s Xinjiang region because of allegations of forced labour.
Most green energy beats coal on price in 2020
162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020
Vestas secures 46-MW turbine order in South Korea
Denmark’s Vestas has received a 46-MW order from South Korea’s Yeongwol Eco Wind for the Yeongwol Eco Wind Project in South Korea.
Sri Lanka’s 100-MW Mannar wind farm nears completion
Construction of Sri Lanka’s flagship 100-MW Mannar Wind Power Plant is close to completion, with state-owned utility CEB confident that its pioneering wind farm will help harness the country’s wind potential and reduce emissions.
BW Ideol, Hitachi ABB to develop offshore floating substation design
Norwegian offshore wind developer BW Ideol has signed a deal with transmission specialist Hitachi ABB Power Grids to construct scalable floating offshore substations to support large offshore wind farms.
India’s NTPC raises green target to 60 GW
India’s biggest power generator, state-owned NTPC Limited, has almost doubled its green energy target for 2032, raising it from 32 GW to 60 GW.
Thailand’s Global Power Synergy said to move into renewables
Thailand’s Global Power Synergy said it would invest $635mn in renewable projects across Asia, backed by its parent, state-owned energy oil and gas group PTT.
ASIAELEC: Japan offers $10bn to support Asia's energy transition
The Japanese government is to offer $10bn in financial aid to boost decarbonisation across emerging economies in South and Southeast Asia.
ASIAELEC: Sembcorp to buy up solar and wind projects in India
Singapore’s Sembcorp is looking to acquire Indian solar and wind projects as it aims to quadruple its Indian renewable capacity to 10 GW by 2025.
Sembcorp to buy up solar and wind projects in India
Singapore’s Sembcorp is looking to acquire Indian solar and wind projects as it aims to quadruple its Indian renewable capacity to 10 GW by 2025 and turn its generating portfolio from brown to green.
China abandons 73 GW of coal capacity in last five years
China has abandoned 4.5 times more coal-fired generating capacity across the world since 2017 than it has built, amounting to 73 GW, suggesting that appetite for coal power has fallen considerably.
Toda leads group to win Japan’s first floating offshore wind auction
A consortium of six companies led by Toda Corporation is to build a 16.8-MW floating wind project offshore Goto City, Nagasaki Prefecture, after winning the country’s first floating offshore wind auction.
G7 leaders’ green pledges are not enough to reach net zero
Ending public coal power investment in 2021 must be just the first step in reducing the role of fossil fuels
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