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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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Hydro capacity needs to double to meet green goals
Global hydro capacity needs to double by 2050 if water-based power is to make a meaningful contribution in the race to net zero, IRENA director-general Francesco La Camera has warned
China to reach peak emissions earlier to guarantee net-zero goals
China, the world’s largest energy consumer and carbon emitter, needs to reduce its current emissions pledges by 20% by 2030 if it is to come good on its commitments to achieve carbon neutrality by 2060.
AsiaElec: Asia’s poorest nations call for rich states to keep their $100bn funding promises
A group of 11 of Asia’s poorest countries have called on the world’s richest states to keep to their promise of $100bn per year in climate finance in order to protect some of the world’s most vulnerable countries from climate change.
Hong Kong ZRSC Technology to invest $43mn in Uzbekistan EV production
IRENA, GWEC set 380-GW target for 2030
The Global Wind Energy Council and the International Renewable Energy Agency have set a target of 380 GW of offshore wind installations by 2030, and 2,000 GW by 2050, in a bid to reach international net-zero targets by 2050.
CIL signs CBM development deal with Prabha Energy
State-run Coal India Ltd has reached a deal with Prabha Energy for the commercial extraction of coal-bed methane (CBM) from one of its one blocks.
South Korea to raise power prices
South Korea has blamed rising LNG, coal and oil prices for its decision to raise retail power prices by KRW3 ($0.0025) per kWh from October, its first such increase since 2013.
Coal investment in power-poor countries continues to hold up
Investment in new coal-fired power plants has proved to be strong in countries with low access-to-power rates, a recent report from the Climate Policy Initiative (CPI) and SEforALL warned.
Chinese investment in Africa rises in 2021
Chinese investment in Africa rose to $2.96bn in 2020, despite the impact of global pandemic on economies.
Chinese hydrogen interests call for 100 GW of green hydrogen by 2030
China’s hydrogen industry has urged the government to set a target of 100 GW of green hydrogen electrolyser capacity by 2030.
AIIB, IRENA sign Asian green support deal
The AIIB and IRENA have signed a memorandum of understanding committing to work together to support Asia’s energy transition and mobilise more private capital for renewable energy.
Bloomberg, Goldman Sachs launch $25mn Climate Innovation Fund for India, Vietnam
Bloomberg Philanthropies and Goldman Sachs have launched a $25mn Climate Innovation Fund to support sustainable low-carbon economic development in South and Southeast Asia.
No new coal for China
China is to abandon financial support for the construction of new coal-fired power plants abroad as part of Beijing’s wider plans to reach net-zero emissions by 2060.
AsiaElec: Vestas wins 101-MW wind turbine order from India’s ReNew Power
Denmark’s Vestas has secured a 101-MW wind turbine order from Indian independent ReNew Power.
PowerChina wants to build hydro, solar and wind power plants in Serbia
Vestas secures 50-MW order from wpd for Taiwan
Vestas has secured a 50-MW order from German developer wpd for Taiwan’s Chuangwei 2, Leadway 2 and Hsinyuan wind farms.
Australian solar minnow sets world solar cell efficiency record
Australia’s SunDrive said this week that it had set a new world record for solar cell efficiency
Santos signs MoU with Timor-Leste over CCS project
Australian independent Santos has signed a memorandum of understanding (MoU) with the Timor-Leste energy regulator to implement carbon capture and storage (CCS) at the Bayu-Undan project in the Timor Sea.
Bank of China urged to give up coal financing
Bank of China, one of the world’s largest investors in coal-fired generation, has been urged by a group of green NGOs to abandon coal funding and switch to backing clean and renewable energy.
Ørsted seals Vietnamese wind tie-up with T&T
Denmark-based Ørsted and Vietnam’s T&T are to launch a strategic partnership on offshore wind in Vietnam.
Green giants unite to work towards full sustainability of renewable energy
A group of leading green energy developers has identified the need for a close alliance between solar and wind in order to meet global climate goals and to achieve a just transition away from fossil fuels.
India keen to cement green partnership with the US
Indian Power and Renewable Energy Minister Raj Kumar Singh has urged the US to join the Indian-led International Solar Alliance (ISA) as New Delhi seeks to boost its global renewables reputation.
Vietnam sets date for first LNG imports
The country is banking on foreign supplies of the cleaner burning fuel to underpin both economic expansion as well as its decarbonisation.
Global coal plans collapse by 76%
The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.
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