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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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UN calls for green investment to meet UN targets
Investing in green economic stimulus packages could reduce 2030 emissions by 25%, thereby making the Paris Agreement 2°C goal a possibility
Urgent action needed to decarbonise heating and cooling
Heating and cooling based on renewable energy has emerged as an urgent priority for countries striving to meet climate goals and build resilient, sustainable economies.
Extreme weather compounds impact of COVID-19 on climate change
2020 is set to be one of the three warmest years on record, the World Meteorological Organization (WMO) said this week, as the impact of COVID-19 drives forward the relentless march of climate change.
IEA warns slowdown in energy efficiency gains threatens climate goals
The IEA has warned that progress in energy efficiency is set to slow to less than 1% in 2020, the lowest rate in 10 years and a major brake on reaching major energy and climate goals.
Mongolia to cut processed coal price as lockdown continues
Horizon Power to pioneer pilot green hydrogen project in Western Australia
Western Australia’s Horizon Power is to build the country’s first renewable hydrogen demonstration plant in Denham, Western Australia.
Vestas wins 328-MW order for two wind projects in Australia
Vestas has secured a 328-MW deal for two wind projects in Victoria, Australia from developer Global Power Generation, a subsidiary of Naturgy Group.
MHI Vestas pushes forward wind turbine localisation in Taiwan
MHI Vestas and developer Copenhagen Infrastructure Partners (CIP) have secured a 5,000-square metre site located centrally in zone 1 of Taichung Harbour adjacent to the pre-assembly quayside of CIP’s Changfang & Xidao Offshore Wind Project.
1,400 GW of offshore wind is achievable if governments create the right conditions
Collaboration between industry, government and key stakeholders is needed to scale-up investment and technologies and to ensure sustainable growth
Draft bill passed by Iranian MPs instructs government to raise uranium enrichment target
MoUs signed for separate LNG-to-power projects in Vietnam
Two separate projects that will have an LNG import component were reported over the past week to be advancing in Vietnam.
China agrees to buy more coal from Indonesia in 2021
China will buy $1.467bn worth of thermal coal from Indonesia next year, the Indonesian Coal Mining Association (APBI) said on November 25.
ADB approves $600mn green loan for Indonesia's PLN
The Asian Development Bank (ADB) has agreed to lend $600mn to Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy.
Enel to invest €70bn in renewables
Enel has announced plans to invest €70bn in renewables until 2030 in a bid to extends its green capacity to 120 GW.
Trina Solar and Tongwei Group complete joint venture
Chinese-based global PV and smart energy solution provider Trina Solar has signed a joint venture agreement with global photovoltaic giant Tongwei.
Ørsted eyes 1.6 GW of offshore wind capacity in South Korea
Denmark’s Ørsted said on 24 November that it would build up to 1.6 GW of offshore wind capacity in South Korea off the coast of Incheon City.
Indian solar tariffs reach new record low
India has posted a new record low for solar tariffs, with local units of Singapore’s Sembcorp Industries and Saudi Arabian-based Aljomaih Holding Co bidding INR2 ($0.027) per kWh in recent auctions.
Sumitomo posts losses as it keeps coal interests
Japan’s Sumitomo faces worsening financial performance as it maintains its commitment to coal across Asia.
Australia approves Santos’ Narrabri CBM project
The Australian government has approved Santos’ Narrabri coal-bed methane (CBM) project in New South Wales, paving the way for a major new source of domestic gas supply.
Chinese investors withdraw from Kenya’s Lamu coal project
The Industrial and Commercial Bank of China (ICBC) has decided not to finance the proposed 1,050-MW Lamu coal plant in Kenya.
Asian developers’ exit from Thabametsi confirmed by SA government
The Japan and South Korea-led Thabametsi Project Company has officially informed the South African government that it has withdrawn from the 630-MW Thabametsi coal-fired power project.
IRENA highlights continued shortfall in green investment
Global renewable energy investment increased between 2013 and 2018, reaching its peak of $351bn in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).
Kyushu Electric Power restarts Sendai 1
Japan’s Kyushu Electric Power has restarted Unit 1 at the Sendai nuclear power plant (NPP) after completing construction of a bunkered back-up control centre.
EBRD, Chinese funding pushes Kazakh wind farm forward
The European Bank for Reconstruction and Development (EBRD) is to provide $24.8mn in project financing for Kazakhstan’s 100-MW Zhanatas wind project, the largest yet to be proposed for the Central Asian country.
Fortescue Metals sets 235-GW green target
Iron ore miner Fortescue Metals is to build 235 GW of wind and solar capacity to become a major producer of green electricity and hydrogen that would rival the country’s biggest oil suppliers in terms of energy produced.
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