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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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Meeting 1.5 °C could cost $75 trillion by 2050
Limiting global warming to 1.5 °C could cost reduce global GDP by 2%, or $75 trillion, by 2050 as spending must increase to accelerate the energy transition.
Chinese wind sector set for 10% annual growth until 2028
China’s wind sector could increase by an average of 10.2% per year between now and 2028, when it potentially could account for 67% of total global wind output.
China adds over 100 GW of wind and solar in 2021
China added 100.54 GW of new wind and solar capacity in 2021, according to official data, way above the government’s target of 90 GW.
AsiaElec: New coal supply issues hit India
India’s JSW Group to raise $296mn to build 450-MW wind farm
India’s JSW Group is planning to raise INR22bn ($296mn) through bank loans to fund a 450-MW wind farm Tamil Nadu State.
Coal dominates 6% rise in power demand in 2021
Global electricity demand surged 6% in 2021, the largest percentage increase since 2010, the International Energy Agency said on January 14.
Chinese funders pull out of Bosnia’s Ugljevik III power project
Polish-owned Sunningwell International Ltd has said that Chinese bank loans will not be available to fund the 700-MW Ugljevik III coal power plant in Bosnia and Herzegovina.
ExxonMobil aims to achieve net zero by 2050
ExxonMobil aims to cut net carbon emissions from its operations to zero by 2050, joining rival energy companies in making similar promises to reach net zero.
Indian grids gearing up for all-important move to renewables
AsiaElec: Trungnam Group opens 100-MW Dong Hai 1 wind farm in Vietnam
Vietnamese renewable developer Trungnam Group has opened its pioneering 100-MW Dong Hai 1 intertidal wind farm in the country’s Tra Vinh province.
Work begins on Hai Lang LNG-to-power project in Vietnam
Construction has begun on the first phase of the Hai Lang LNG-to-power project in Vietnam, according to a January 15 government announcement.
GLNG: Work begins on Hai Lang LNG-to-power project in Vietnam
Construction has begun on the first phase of the Hai Lang LNG-to-power project in Vietnam, according to a January 15 government announcement.
NHPC, GEDCOL to develop floating solar projects in India
Indian hydropower producer NHPC Ltd and the Green Energy Development Corporation of Odisha Ltd (GEDCOL) have signed an agreement to develop 500 MW of floating solar projects in the state of Odisha.
Mammoet-Giant transports offshore wind jackets for assembly in Taiwan
A joint venture between Netherlands-based Mammoet and Taiwanese company Giant Heavy Machinery Services, called Mammoet-Giant, has transported offshore wind jackets for assembly in Taiwan.
DNV to certify wind turbines in South Korea
The Korean Energy Agency (KEA) has selected independent energy expert and assurance provider DNV to deliver Type Certification services for wind turbines at Korean wind farm projects.
Japan to aid Indonesia develop ammonia to reduce emissions
Japan has agreed to promote the use of ammonia as a generating fuel in Indonesia in an effort to cut its carbon dioxide emissions, especially as Jakarta aims to go carbon free by 2060.
Green power still cheaper than fossil fuels in Asia despite rising prices in 2021
Renewables energy became more expensive in Asia in 2021 because of strong demand and supply chain tightness, but green power still managed to undercut the of fossil fuel-derived electricity.
Indonesia resumes coal exports ahead of industry review
Indonesia resumed coal exports on January 10 as supplies to domestic power plants returned to lows, with the government allowing an initial 14 vessels loaded with coal to depart.
NDCs need to be rapidly improved to get near 1.5°C target
Current Nationally Determined Contributions (NDCs) are nowhere near enough to keep global warming within the 1.5°C target
JAEA, Mitsubishi Heavy to develop new generation of US fast reactors
The Japan Atomic Energy Agency (JAEA) and Mitsubishi Heavy Industries are to work with Bill Gates-connected TerraPower to develop a next-generation fast reactor in the US.
Indonesia slaps ban on coal exports to protect power generation at home
Indonesia placed a sudden one-month ban on coal exports on January 1, sending coal prices up across Asia and potentially damaging mining companies’ earnings in 2022.
China builds 3.6-GW pumped storage plant to feed Olympics
State Grid Corporation of China (SGC) has opened 3.6 GW of pumped storage hydro capacity that will provide electricity for the Beijing Winter Olympics in February.
BW Ideol teams up with JERA, ADEME to boost floating offshore wind
Norwegian offshore floating wind technology developer BW Ideol has brought in Japan’s JERA and France’s ADEME Investissement to finance offshore wind projects that will use BW Ideol’s patented Damping Pool technology.
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