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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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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.
Scottish Widows to divest from thermal coal and tar sands
UK pensions investor Scottish Widows is to divest at least GBP440mn ($528mn) from companies that maintain their exposure to coal and weapons, among other factors, as it positions itself as an ethical investor.
Marubeni confirms exit for SA’s Thabametsi project
Japan’s Marubeni Corp. has confirmed it will not fund the Thabametsi coal-fired power plant in South Africa, following the withdrawal of some South African investors this week.
Indonesia pursues foreign upstream investment
The Indonesian government is pursuing foreign investment in the country’s upstream by touting a new exploration bid round slated for 2021.
Siemens the next to exit coal
Siemens’ turbine manufacturing business will no longer make any bids to build new coal-fired power stations, although it will continue with its existing coal power business and will also not stop building gas-fired turbines.
Renewable power proves resilient to COVID
Renewables will account for 90% of new generating capacity in 2020, the IEA forecasts, but more consistent green policies are needed to foster sustainable growth.
MHI Vestas installs record-breaking floating turbines off UK
MHI Vestas has installed a V164-9.5 MW turbine, the most powerful turbine in use at a floating wind project, at the Kincardine project off the UK coast.
Toshiba sets 50% emissions reduction target
Toshiba has announced plans to reduce its CO2 emissions by 50% by 2030 and by 80% by 2050, while it also aims to contribute to the creation of a net-zero society by 2050.
Global wind market grows 18% in 2020 despite pressure from pandemic
Resilience and falling costs have kept up wind growth in 2020, and more expansion is set to come
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