AsiaElec - Asia Power

FPC-led group bids for Shell’s stake in Philippine gas field

A group of companies, led by Hong Kong-based First Pacific Co. (FPC), has submitted an offer for Royal Dutch Shell’s 45% stake in the Philippines’ largest natural gas field.

China’s State Grid sets out greener goals

State Grid Corp. of China has announced ambitious plans to cut its reliance on coal and to reduce its emissions from a future peak by 2025.

IEA warns emissions dip did not last

Global energy-related emissions fell by 5.8% in 2020, but a sharp recovery at the end of the year indicates that emissions are already rising again.

Guterres calls for comprehensive coal phase-out

UN Secretary General Antonio Guterres this week has called for a comprehensive coal phase-out if the world is to meet its 1.5 degree goal for global warming.

China leads offshore wind growth in 2020

China installed 3 GW of new wind capacity in 2020, half the global total, as offshore wind demonstrated its resilience to COVID-19.

Japan’s JBIC finally backs away from funding coal power

Japan’s development bank, the Japan Bank for International Cooperation (JBIC), is to stop funding new coal-fired power plant projects overseas.

Itochu, Air Liquide to develop hydrogen partnership in Japan

Japan’s Itochu and France's Air Liquide have formed a strategic joint venture to create a hydrogen value chain in Japan covering both production and utilisation of the fuel.

Singapore’s B&S Power to join 200-MW solar project in Nigeria

Nigeria’s Sunnyfred Global has signed an agreement with the Singaporean company B&S Power Holding to finance and build a 200-MW solar PV plant in Ashama, Delta State, in what would be the largest solar power plant in West Africa.

APA to convert gas pipeline to 100% hydrogen

Australian energy infrastructure operator APA Group has unveiled plans to convert a 43-km section of a natural gas pipeline in Western Australia into the country’s first fully hydrogen-ready transmission pipeline.

Floating offshore set to be the next game-changer in Asia

Floating offshore could be the next frontier in wind power development in Asia-Pacific, said Wood Mackenzie, with capex costs set to fall by 40% to average $3mn per MW by 2025-2030.

GE Renewable Energy to build wind farm in Lâm Đồng Province in Vietnam

GE Renewable Energy is to install 15 units of its 4MW-137 wind turbines to the Cau Dat wind farm in Vietnam’s Lâm Đồng Province.

India’s green growth is not enough

India’s solar and wind growth is not fast enough to meet the government’s capacity targets

Bangladesh to drop 7,500 MW of proposed coal power projects

The Bangladeshi government has decided in principle to scrap 7,461 MW of proposed new coal power capacity at nine sites around the country after widespread criticism from both domestic and global environmental groups.

Energy storage market forecast to double 2021

The global energy storage market is targeting record expansion in 2021, with annual installations set to break through the 10-GW barrier for the first time.

Scatec, Nizam Energy close financing for Pakistan’s 150-MW Sukkur solar project

Norwegian renewable developer Scatec and local partner Nizam Energy have secured a $100mn financial closure for the 150-MW Sukkur solar project in Pakistan’s Sindh Province.

PV addition could rise to 209 GW in 2021: BNEF

Solar PV capacity additions could be as high as 209 GW in 2021, compared with 141 GW in 2020, new research from Bloomberg New Energy Finance forecasts.

Phoenix downplays company sale comments

Philippine fuel retailer Phoenix Petroleum has downplayed a report that its parent company, Udenna, is planning to sell the company.

ION Energy’s pioneering Mongolia lithium exploration project ‘benefits from proximity to China’

India has chance to ensure coal never recovers

Coal has been the big loser of the COVID-19 driven fall in demand in India. The government now has the opportunity to reduce coal’s importance while still meeting recovering demand.

South Korea's power output falls again in 2020

South Korea's electricity generation fell for the second consecutive year in 2020 as demand dipped amid the coronavirus pandemic.

China plans to raise green purchases to 40% by 2030

China’s National Energy Administration (NEA) is to force regional grid firms to buy at least 40% of their power from non-fossil fuel sources by 2030 in order to meet the country’s climate targets, Reuters reported.

Chinese wind turbine manufacturer Goldwind surpasses 1 GW of wind turbine capacity in North America

The North American subsidiary of Goldwind Science & Technology of China, has exceeded a total of 1 GW total wind turbine capacity in the US and Canada with the delivery of more than 400 MW of wind turbines in 2020 and early.

Is Beijing the real actor behind North Korea’s nuclear weapons programme?

Is Beijing the real actor behind North Korea’s nuclear weapons programme? What is the real strategy behind North Korea's nuclear programme?

Chinese company joins Brazilian LNG-to-power project

China’s State Power Investment Corp. (SPIC) has completed its acquisition of a stake in Gas Natural Açu (GNA), Latin America’s largest LNG-to-power project.

IEA scrutinises India’s gas-based economy goals

While Indian Prime Minister Narendra Modi has said once again that he wants to see India become a gas-based economy, the International Energy Agency (IEA) has said more needs to be done at a political level to achieve this.