AsiaElec - Asia Power

Siemens Gamesa to end selling onshore turbines in China

Siemens Gamesa is to stop selling its onshore wind turbines directly in China and is considering an exit from Russia and other markets, chief executive Andreas Nauen told German business magazine Wirtschaftswoche.

Fitch says new export terminal to assist Mongolian coal mining recovery though MMC’s difficulties far from over

China opens border to Mongolian coal trucks

Vestas win 181-MW turbine order for Australia’s Dulacca Wind Farm

Vestas and its partner RES Australia have secured a 181-MW deal for the Dulacca Wind Farm in Queensland, Australia, with Vestas supplying and installing 43 of its V150-4.2-MW wind turbines.

CBAM to have less bite than bark

The cost of the EU’s proposed CBAM may turn out to be less than initially feared by exporters into the EU, a new report from Sandbag and E3G, two pro-green think-tanks, have found.

AsiaElec: South Korea’s oil and gas funding calls green commitments into question

South Korea provided $127bn in support for overseas oil and gas projects between 2011 and 2020 as government-backed development finance institutions (DFIs) continued to support fossil fuels as the government talked up green energy.

The crushing weight of China’s debt burden on Eurasia

Emerging European economies were already facing heavy debt burdens before the pandemic. Now it’s worse. Several countries in Eurasia and Emerging Europe are struggling to pay off huge loans they took from China.

Global power sector emissions rise, threatening green commitments

Rising demand for electricity across the world outpaced growth in green power output in the first half of 2021, creating increased consumption of coal in power generation and a corresponding rise in CO2 emissions.

BlackRock invests $100mn in South Korea’s Brite Energy Partners

BlackRock Real Assets is to invest $100mn in the South Korean solar sector by taking an equity stake in Brite Energy Partners.

India’s NTPC leads Indian global solar drive

India’s NTPC Ltd has secured three major projects in Africa and the Caribbean as part of the Indian-led International Solar Alliance’s (ISA) drive to improve access to power across the developing world.

India’s Acme Group to develop world-leading green hydrogen project in Oman

Indian solar developer Acme Group has acquired land to build a green hydrogen and ammonia production complex at the port of Duqm in Oman.

Falling costs of small modular reactors could make nuclear competitive

Small modular nuclear reactors could play a crucial role in meeting Paris Agreement emissions reduction targets, increasing the pace of the electrification that is a mainstay of the energy transition.

MingYang launches 16-MW offshore wind turbine

Chinese wind turbine manufacturer MingYang Smart Energy has launched the prototype of its new MySE 16.0-242, the world’s largest hybrid drive wind turbine, with a nameplate capacity of 16 MW.

China Three Gorges buys into MENA green markets

China Three Gorges has bought Alcazar Energy Partners’ (AEP) renewables portfolios in Egypt and Jordan as the Chinese giant expands into the Middle East and North Africa.

AsiaElec: Kansai Electric brings in RWE to develop floating wind capacity in Japan

Japan’s Kansai Electric Power and Germany’s RWE Renewables have announced plans to work to develop offshore wind capacity off the Japanese coast, building on their work together in the UK.

China outlines hydrogen boom in Inner Mongolia

China aims to use solar and wind to produce 66,900 tonnes per year in of green hydrogen in the cities of Ordos and Baotou in Inner Mongolia.

Central Asia assess fate of Afghanistan investments as Taliban regime takes shape

The future of plans for a gas pipeline, trade links to South Asian ports, power transmission lines and railways will remain up in the air until the direction of the new Afghan regime is clear.

Singapore to issues $3bn green bond to fund sustainable projects

Singapore’s National Environment Agency (NEA) is to issue a multicurrency medium-term note (MTN) programme and green bond framework in order to raise $3bn to fund renewables projects

Engie turns on India’s 280-MW Raghanesda Solar Power Park

Engie has commissioned the 280-MWp Raghanesda Solar Power Park in the state of Gujarat in India.

Asian corporate PPAs double in 2020

Corporate renewable PPA volumes in Asia-Pacific more than doubled to 3.8 GW in 2020, Wood Mackenzie said

Sri Lanka makes commitment to abandon coal and go green

Sri Lanka is to stop building coal-fired power plants and aims to double renewables’ share of the power mix by 2030, the government said in its latest climate plan.

Origin, MOL to develop green ammonia as shipping attempts to decarbonise

Australia’s Origin Energy and Japanese shipping company, Mitsui O.S.K. Lines Ltd. (MOL) are to develop green ammonia exports by developing a supply chain for the renewable in Australia.

AsiaElec: China CO2 emissions growth falls to 1%

China’s CO2 emissions grew by 1% year on year in the second quarter of 2021, way below the first quarter increase of 15%,

Eni to supply carbon-neutral cargo to Taiwan

Italy’s Eni announced this week that it had agreed to supply a carbon-neutral LNG cargo to Taiwan’s CPC.

China is about to disrupt the nuclear power industry worldwide

China is poised to create and own a new market for cheap safe nuclear power