AsiaElec - Asia Power

Record year in global offshore wind despite headwinds

A new report finds that 2023 was a record year for offshore wind investment with projects totalling 12.3 GW having closed during the year.

Vietnam unveils strategic coal industry roadmap towards 2045

Deputy Prime Minister Tran Hong Ha has just steered Vietnam's coal industry into the future with the approval of Vietnam's Coal Industry Development Strategy

Indonesian government to establish 50-MW solar power plant for new capital Nusantara

The Indonesian central government has announced plans to construct a 50-MW solar power plant this year to cater to the electricity needs of the newly designated national capital, Nusantara

Indonesia unveils gas discovery in Andaman waters, Aceh province

Indonesia has made a gas discovery in the Andaman waters of Aceh province, revealing 6 trillion cubic feet (TCF) of gas deposits

Hai Phong thermal power reports significant loss in 2023, cash reserves plummet

Hai Phong Thermal Power Joint Stock Company has recently disclosed its financial performance for the fourth quarter of 2023, marking a notable downturn in its fortunes

The Blue Circle seeks to tap into Cambodia's significant wind potential, offering clean energy and export opportunities

French wind energy pioneer The Blue Circle has expressed strong interest in investing in Cambodia

Russia’s electricity exports to China down by 33%

The volume of electricity exports from Russia to China in 2023 fell by more than a third year on year to about 3.1bn kWh, which is in line with the annual average for 2012-2020.

Vietnam eyes shift in pricing for renewable power: Will it boost or stall investment?

Vietnam's Ministry of Industry and Trade is proposing a shakeup in the way it prices electricity generated from solid waste and biomass power plants

AsiaElec: Northern Territory accelerates approval process for TotalEnergies' Darwin H2 hub

Northern Territory accelerates approval process for TotalEnergies' Darwin H2 hub

The Northern Territory Government in Australia has recently designated the Darwin H2 Hub, a 1 GW green hydrogen project, as a major project

Indonesia strives to boost renewable energy amidst challenges to achieve 2025 energy mix target

Minister of Energy and Mineral Resource, Arifin Tasrif has said that Indonesia's energy mix program has not shown significant progress in 2023, urging the nation to intensify efforts to reach the targeted 23% energy mix by 2025

Sunview Group eyes Cambodian renewable energy market with strategic alliance

Malaysian renewable energy player Sunview Group Bhd is venturing into Cambodia

Thailand to launch green electricity tariff for industry

Thailand is set to launch a green electricity tariff for the industrial sector, aimed at attracting foreign direct investment and boosting the country's clean energy credentials

Thailand to remove solar rooftop from factory registration requirement

Thailand's Ministry of Industry has announced plans to deregulate solar rooftop installations, meaning that they will no longer be classified as factories

Racing against time: Vietnam's 500kV Circuit 3 Project aims to power up the north

Vietnam's ambitious 500kV Circuit 3 Line project, a 514-kilometre behemoth stretching from Quang Trach to Pho Noi, is in a neck-and-neck race against time.

Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA

The International Energy Agency has released a major report that found the world’s renewable capacity was up by half in 2023 and is currently growing at the fastest pace ever.

Petronet LNG initiates east coast expansion with Gopalpur Port terminal

In a somewhat surprising move aimed at bolstering its presence on India's east coast, Petronet LNG Limited, one of India's leading LNG importers, has inked pivotal agreements to establish its first LNG terminal in the region

Private coal giant Hop Nhat debuts on stock market with billion-dollar valuation

Hop Nhat Joint Stock Company, a leading private coal miner in Vietnam, made a stellar debut on the UPCOM stock exchange on January 11, raising eyebrows with its swift price surge

The Pakistan government fails to woo a single investor for solar project

In a significant setback, the 600-MW solar power project at Muzaffargarh faced a major hurdle as no bids were received despite numerous revisions in incentives and extended deadlines

Germany commits $288.3mn to foster sustainable development in Indonesia

Germany has pledged $288.3mn to support sustainable development initiatives in Indonesia

State-owned electricity company PLN turns power poles into EV charge stations

State-owned power giant PLN is transforming electricity poles into convenient electric vehicle charging stations to make charging electric cars more accessible

Spot LNG prices fall amid high storage levels

Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.

EGCO acquires 50% stake in US power portfolio, boosts capacity by 652 MW

Electricity Generating Public Company Limited has successfully acquired a 50% stake in the Compass portfolio of power plants, with a total capacity of 1,304 MW in the United States

Gautam Adani promises $24.05bn investment in Gujarat, to create 100,000 jobs

The Adani Group has unveiled plans to invest INR2 lakh crore - $25.04bn - in Gujarat's green energy and renewable sectors over the next five year

Taiwan election poised to impact global chip supply and investor sentiment

As Taiwan braces for its pivotal elections, investors worldwide are monitoring the event closely, anticipating significant repercussions for cross-strait relations and the global semiconductor industry