AsiaElec - Asia Power

AsiaElec: Electricity demand in SE Asia to rise in 2021

Electricity demand in Southeast Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has mitigated the impact of pandemic on power consumption, Fitch Ratings says in a new report.

Singapore’s VFlowTech scales up energy storage tech for EV charging

Singapore energy storage company VFlowTech is to team up with Seoul National University of Science & Technology (SeoulTech) and South Korean-based CompanyWE to install green EV charging infrastructure at existing filling stations in South Korea.

AfrElec: India’s JSPL to build coal mine in southern Africa

REM: Wind power must not become too cheap, says leading turbine maker

Wind power could become too cheap, trimming the profit margins of component manufacturers too much, said Andreas Nauen, chief executive of Siemens Gamesa, in an interview in Copenhagen with Reuters.

Mongolia’s coal exports to China surged 82% m/m in October

Sydney-listed Elixir Energy (EXR) gives market update on green hydrogen project in Mongolia’s South Gobi

IHS Markit: global solar PV installations to grow 20% in 2022

Global solar photovoltaic (PV) installations will see more than 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, despite continuing rising costs of production, according to a new report by IHS Markit.

Aramco pulls out of one Indian deal, announces another

Equinor seals 3-GW offshore deal with South Korea’s EWP

Norway's Equinor has signed an agreement with Korean East-West Power (EWP) to co-operate on offshore wind projects in South Korea.

IEA stresses efficiency improvement needed to reach net zero

Rapid improvements in energy efficiency technology are needed to keep global climate pledges within reach, the International Energy Agency said in a recent report.

KEPCO, six subsidiaries announce complete exit from coal by 2050

State-owned Korea Electric Power Corp. (KEPCO) and its six power generation subsidiaries said this week they would pursue a gradual but complete exit from coal by 2050.

Vietnam to give priority to renewables

Vietnam expects solar power to account for 5.9% of power output by 2030 and 8.4% by 2045.

India’s coal consumption set to endure

India’s dramatic intervention at COP26 to change “phase out” to “phase down” for coal cannot hide the country’ continued reliance on coal, with peak coal use in power generation not set to arrive until 2040.

Japan’s Mitsubishi interested in building gas-fuelled power plant at North Macedonia’s REK Bitola

AsiaElec: Southeast Asia & Pacific to benefit from COP26

AsianOil: Petronas signs raft of CCUS agreements

Malaysia’s state-owned Petronas has signed a number of agreements this month with international partners that focus on developing carbon capture, utilisation and storage (CCUS) technology.

Coal emerges down, but not out, from Glasgow

The COP26 conference finished 26 hours late on November 13, with a last-minute intervention by India watering down the final agreement’s commitment on coal.

IGU calls for more support for renewable gases

Chevron to use carbon credits to make up for Gorgon CCS shortfall

Chevron and its partners in the giant Gorgon LNG project in Australia will buy carbon credits likely worth more than $183mn to compensate for failing to meet carbon capture targets.

COP26 sectoral initiatives could close 2030 emissions gap by 9%

An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.

AFrElec: UK funding to support developing cities and regions transition to net zero by 2050

The UK government has announced GBP27.5mn ($37.1mn) of seed funding to support the UK Urban Climate Action Programme in a bid to tackle climate change and reduce emissions in cities in Africa, Asia and Latin America.

Guterres stresses emissions, finance gaps still major barriers to 1.5C

UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.

China’s coal pledge threatens 43 GW of planned capacity in Asia

Up to two-thirds of the world’s planned coal-fired power plants could be shelved if China follows through on its recent pledge not to build new coal projects abroad.

AsiaElec: Japan’s geothermal energy boost

23 countries make zero-emissions vehicle pledge

November 10 was Transport Day at COP26 in Scotland, and parts of the automotive industry had pledged to end the sale of petrol and diesel cars and vans by 2035 in leading markets and by 2040 across the globe.