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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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TMK Energy discovers gassy coal in Mongolia
War in Ukraine raises importance of renewables in biggest energy shock since 1973
Russia’s invasion of Ukraine has pushed energy security up to the top of the agenda, raising the importance of energy efficiency and faster renewable growth.
Green investment surges 50% since October
Current post-COVID spending commitments on renewable energy by governments will keep the world on course for net zero by 2050, the International Energy Agency (IEA) said.
Global green growth reaches 9.1% in 2021
Renewables now accounts for 38% of total power consumption and was the first choice for 81% of new capacity additions in 2021, the International Renewable Energy Agency (IRENA) said in a recent statistical report.
Japan, South Korea and Vietnam face risky exposure to LNG markets
Building a new generation of LNG import terminals and gas-fired generating stations would leave Japan, South Korea and Vietnam exposed to highly volatile gas prices and put up to $70bn of investment in danger. Renewables are a safer bet.
Rosatom installs turbogenerator stator at Bangladesh’s Rooppur NPP
Rosatom has installed a turbogenerator stator at Unit I of the Rooppur NPP in Bangladesh.
Six companies partner on Singapore green e-methanol project
Six companies have formed a partnership that will aim to establish the first green e-methanol plant in Asia.
Japan's Mitsui to invest in ReNew project
Japan’s Mitsui & Co is to invest in ReNew Power round-the-clock (RTC) renewable and energy storage project in India.
China forges new hydrogen development plan
China’s new national hydrogen development plan aims to produce the fuel from low-carbon sources, improve storage and transport, and diversify end uses, and has set a short-term green hydrogen production target of 200,000 tonnes per year by 2025.
Malaysia’s Edra Energy opens 2.2 GW of gas-fired capacity
Malaysia’s Edra Energy has begun commercial power generation at its 2.2-GW Malacca gas-fired power plant, the country’s largest using three GE H-class turbines.
IPCC: We can halve emissions by 2030 with the help of renewable energy and hydrogen
A substantial reduction in fossil fuel use coupled with electrification through renewable energy can help the world halve emissions by 2030, says a new United Nations report.
Technip to provide floating wind tech for Equinor’s 800-MW offshore project in South Korea
Technip Energies has won a front-end engineering design contact for Equinor’s 800-MW Firefly offshore floating wind project in South Korea.
China’s Envision to supply turbines to 600-MW Monsoon wind project in Laos
China’s Envision Energy has agreed to supply wind turbines to the 600-MW Monsoon Wind Project in Laos after signing a deal with developers with Impact Energy Asia Development.
AsiaElec: Vietnam looks to South Africa, Australia for coal in tight markets
Vietnam is seeking more cargoes of coal from South Africa and Australia for delivery in April and May as domestic production falls and supplies from Asia tighten amid growing prices.
Wind growth needs to quadruple to meet net-zero goals
The global wind industry posted its second-best year ever in 2021, posting 12% growth and adding 93.6 GW of new capacity onshore and offshore, bringing the global fleet to 837 GW.
PTTEP unveils net-zero goal
Thailand’s state-owned PTT Exploration and Production (PTTEP) has joined the ranks of oil and gas companies to adopt a long-term goal of net zero greenhouse gas (GHG) emissions.
Wind and solar growth must accelerate to keep pace with demand for power
Wind and solar accounted for a record 10.3% of global electricity consumption in 2021, after solar generation rose by 23% and wind grew by 14%.
Energy transition needs $5.7 trillion per year until 2030
The world needs to invest $5.7 trillion per year between now and 2030 if it is to have any chance of limiting global warming to 1.5°C.
Shenhua to increase focus on green investment by 2030
China Shenhua Energy plans to increase investments in renewable energy to 40% of capex by 2030 and will not build any new coal plants from 2025.
India looks to increase imports of Russian coking coal
India is looking to increase its imports of coking coal from Russia, flying in the face of global trends to end purchases of Russian raw materials as the West imposes sanctions on Moscow.
Wind and solar growth must accelerate to keep pace with demand for power
Wind and solar accounted for a record 10.3% of global electricity consumption in 2021, after solar generation rose by 23% and wind grew by 14%.
Japan’s Idemitsu Kosan suspends coal imports from Russia
Japanese coal importer Idemitsu Kosan has suspended buying new coal shipments from Russia for its Japanese customers over concerns about shipping and payment.
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