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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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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.
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
AsiaElec: Asian Development Bank approves $500mn loan to support Indonesia’s energy transition
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.
SolarEdge launches powerful inverter for Thai utility solar market
SolarEdge Technologies has unveiled its high-power TerraMax™ Inverter and H1300 Power Optimiser solution in Thailand, targeting small-to-medium utility-scale solar projects
India's NTPC Green Energy files for $1.2bn IPO
NTPC Green Energy Limited, a subsidiary of India’s state-owned power company NTPC Limited, has submitted a draft red herring prospectus for its planned INR100bn ($1.2bn) initial public offering.
Tata Power secures 400-MW wind-solar hybrid project in Maharashtra
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Mumbai-listed Tata Power, has secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 400-MW wind-solar hybrid project.
Philippines witnesses boom in renewable energy investments
Philippines’s Board of Investments (BOI) has reported record-high investment approvals amounting to PHP1.35 trillion (about $24.3bn) from January to mid-September, with an impressive PHP1.29 trillion attributed solely to renewable energy.
Taiwan's TCC Group halts Russian coal imports
TCC Group Holdings has announced its decision to cease purchasing Russian coal for its Hoping Power Plant, a move that has garnered acclaim from environmental groups.
Southeast Asia set to boost coal imports as demand shifts from China
Southeast Asian nations like Vietnam and the Philippines are expected to drive an increase in coal trade and consumption over the coming decade, despite China's coal demand nearing its peak, according to industry officials.
Global wind power installations reached a new high in 2023
Global wind power installations reached a new high in 2023, increasing renewable energy’s share of total power generation to 30%. Who are the leading countries? China leads the top 15 countries by total installed wind turbine capacity with 442GW.
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