AsiaElec - Asia Power

Pandemic challenges wind power projects in Mekong Delta

Wind developers in Vietnam are rushing to open wind farms in the Mekong River Delta area ahead of a subsidy deadline in November.

China’s coal stocks fall as summer demand rises

China's coal inventories have dropped by up to 26% year on year in August as demand for power rose and severe weather caused transport problems, the country’s state media said.

Mongolia opens EPC tender for 10 MW solar park

Doosan wins second Chinese nuclear control systems contract

South Korea’s Doosan Heavy Industries & Construction has won a contract from China Techenergy Company to supply an Industrial Anti-seismic Protection System (IAPS) for two reactors at the Russian-designed Tianwan Nuclear Power Plant (NPP) in China.

ASIAELEC: Bangladesh approves plans for 100-MW, state-owned solar plant

The Bangladeshi government has finalised plans to build a 100-MW, state-owned solar plant in Jamalpur, the largest yet in the country.

bneGreen: Last chance to cut emissions and save the climate: UN report

The UN has said in its strongest statement yet that human influence is unequivocally responsible for creating climate change, with only immediate, rapid and large-scale reductions in CO2 and GHG emissions able to limit global global warming to 1.5°C

bneGreen: Last chance to cut emissions and save the climate

The UN said in its strongest statement yet that human influence is unequivocally responsible for creating climate change, with only immediate, rapid and large-scale reductions in CO2 and GHG emissions able to limit global global warming to 1.5°C.

Pakistan justifies expensive LNG purchases

The Pakistani government has been forced to defend expensive spot LNG cargoes amid a firming of international gas prices.

Singapore's Tuas Power, Malaysia’s NEFIN aim to import 100 MW of green power

Singapore's Tuas Power has signed a memorandum of understanding with NEFIN, a leading solar PV developer, to bid for the right to import 100 MW of zero-carbon electricity import from Malaysia.

Foreign investors express confidence in India’s solar market

Problems with timely payments, land acquisition and grid access in India have not prevented foreign investors from forging investment partnerships with domestic independent power producers.

AsiaElec: Copenhagen Infrastructure Partners to invest $100mn in Indian renewables

Danish fund managers Copenhagen Infrastructure Partners (CIP) is to invest $100mn in 1.7 GW of green energy projects in India together with its partner Amp Energy India.

Strong public financing pushes renewable investment to new high

New investment in renewable energy reached $174bn in the first half of 2021, 1.8% lower than in the first half of 2020, BloombergNEF (BNEF) said, as investment in renewables withstood the effects of the global pandemic.

ADB to lead efforts from Prudential, Citi, HSBC and BlackRock to speed up coal closures in Asia

The Asian Development Bank has persuaded Prudential, Citi, HSBC and BlackRock to accelerate the closure of coal-fired power plants across Asia in order to rein the generating sector’s emissions.

ADNOC and Fertiglobe sell blue ammonia to Itochu

IRENA points to resilient and sustainable potential of offshore wind

Offshore wind has the potential to accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system.

Philippines’ San Miguel abandons long list of coal projects

The Philippines’ San Miguel Corporation is to stop building new coal-fired power plants and will instead concentrate on renewables, the country’s Department of Energy said in a statement.

India urged to improve power distribution and speed up coal decommissioning

India’s state-owned distribution companies (discoms) could save up to $1.23bn per year if they focused on efficiency rather than trying to cover costs, a new study found.

Thailand’s EGAT approves 1,400-MW gas power plant, replacing coal TPPs

The Thai government is set to approve plans to build a 1,400-MW gas-fired thermal power plant in Surat Thani, replacing two highly contentious coal-fired power plant projects in the southern region.

Hyundai E&C announces coal exit

South Korea’s Hyundai Engineering and Construction will not take on any new coal power construction projects, although it will finish current projects in Vietnam and elsewhere across Asia.

Fossil fuels continue to dominate Indonesia’s new NDC

Indonesia has submitted revised 2030 climate change targets to the UN, although fossil fuels are still set to dominate, providing 69% of the country’s primary energy supply by 2050.

AsiaElec: Singapore’s Sunseap to invest $2bn in 2,200-MW floating solar and storage project in Indonesia

Singapore’s Sunseap Group is to invest $2bn in developing a 2,200-MW floating solar plus storage project, the largest such solar project to date world-wide, on the Indonesian island of Batam.

EU takes carbon pricing initiative with CBAM

Chevron misses CCS target at Gorgon LNG

Super-major Chevron confirmed this week that it would not meet its carbon dioxide (CO2) injection target at its Gorgon LNG facility, which has a carbon capture and storage (CCS) component.

Net-Zero by 2050 could cost $173 trillion: BNEF

Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO).

IEA warns that only 2% of post-pandemic spending is green

The International Energy Agency (IEA) has warned that only 2% of post-pandemic spending commitments by governments, totalling $16 trillion, will fund green energy projects.