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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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Demand for carbon-neutral LNG grows amid growing criticism
Demand for carbon-neutral LNG is rising, but critics are increasingly arguing that using carbon offsets is not an effective way to combat climate change.
PT Bukit Asam to build up to 600 MW of solar
Indonesian coal miner PT Bukit Asam is to build three solar power projects at former coal mines as part of its move into renewable energy.
Global wind sector bounces back, but need faster expansion to meet climate goals
The global wind sector has bounced back strongly since the initial months of the COVID-19 pandemic.
Indian needs more coal production to meet rising power demand
India’s current acute coal shortages have prompted the Coal Ministry to ask owners of the country’s captive coal mine to increase their output within one week.
IRENA, Hydrogen Council to scale up hydrogen
Hydrogen producers are to harness the energy expertise of the International Renewable Energy Agency in a bid to develop green production and to make a significant contribution to global net-zero goals.
Cleaner air can contribute towards climate goals
The World Bank has warned that air pollution is the world’s leading environmental risk to health, costing $8.1 trillion, or 6.1% of GDP, in 2019, and has identified coal-fired power plants and diesel vehicles as causes of poor air quality.
WTO rejects China’s “baseless” challenge to US solar panel tariffs
The World Trade Organisation (WTO) has rejected all four of China’s challenges to US solar tariffs brought into effect in January 2018.
Mongolia completes thermal power plant expansion funded by China
Indonesia approves Tangguh LNG expansion, CCUS plan
Indonesia’s oil and gas regulator has approved BP-led plans for Tangguh LNG, which involve the development of the Ubadari natural gas field and a carbon capture project at Vorwata.
REM: Saudi’s leading operator of power generation and desalinated water plants ACWA Power to privatise minority stake
ESG investment grows in Australia in 2020
Australian investment in ethical investment funds rose by 30% in 2020 to A$1.28 trillion ($940bn) as ESG capital flows took a 40% share of invested funds.
Longi Green Energy sees improving results
Longi Green Energy Technology Co. saw rising profits and revenues in the first half of 2021 as exports grew and output strengthened.
Sinopec to invest in hydrogen to meet carbon neutral targets
China's Sinopec aims to spend CNY30bn ($4.6bn) on hydrogen by 2025 as the state company moves towards producing natural gas and hydrogen instead of oil as part of becoming carbon-neutral by 2050.
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.
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