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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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Sinopec launches CCUS projects
State-owned Sinopec has unveiled two new carbon capture, utilisation and storage (CCUS) projects as it strives to achieve carbon neutrality by 2050.
Philippines’ San Miguel scraps plans for three coal plants
The Philippines’ San Miguel Corporation has abandoned plans to build 1,500 MW of coal-fired capacity at three plants across the country.
Bechtel wins FEED contract for Vietnam’s Bac LNG-to-power project
Singapore’s Delta Offshore Energy has awarded Bechtel a front-end engineering and design contract for its 3,200-MW combined cycle gas turbine power plant in the Bac Lieu province in Vietnam.
Green hydrogen needs supportive energy policies and lower costs
Green hydrogen is currently five times more expensive than grey hydrogen, meaning that the renewable fuel is unlikely to affect the credit profiles of EMEA integrated utilities in the next few years, Fitch Rating said in a recent report.
UN’s Green Climate Fund provides $501.1mn for four new climate projects
The UN’s Green Climate Fund (GCF) has allocated $501.1mn for four new climate projects around the world.
Indian coal production drops 2%
India's total coal production fell by 2.02% to 716.084mn tonnes during the year to March 2021.
Chinese win $241mn contract for Pakistani hydro expansion
A joint venture of Harbin Electric International Company and Harbin Electric Machinery Company have won a $241.1mn contract for electro-mechanical works for the 1,530-MW Tarbela 5th Extension Hydropower Project in Pakistan.
ASIAELEC: Siemens Gamesa’s typhoon-proof offshore turbine surges ahead
Siemens Gamesa’s latest offshore turbine design has been certified typhoon-proof by international regulators, its second model to receive such a rating from TÜV NORD.
13,000 shovel-ready green projects could kick-start post-COVID recovery
13,000 shovel-ready renewable energy projects have the potential to provide 22% of the emission reductions needed to meet the UN’s Paris goals and 10mn potential new jobs, research from EY and the European Climate Foundation (ECF) has found.
China trims 2030 gas goal
The country’s energy planners have reduced gas’ projected share of the 2030 primary energy mix from 15% to 12%.
AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans
The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.
US government bans some solar products from China due to alleged forced labour
The Biden administration has banned products used in solar panels from a company in China’s Xinjiang region over allegations of forced labour. China has blasted the action and denied the slave labour charges.
ASIAELEC: Asia’s coal proposals could threaten Paris goals
Coal is set to be more expensive than renewables, making green energy a better bet financially and environmentally.
MDB climate finance reaches $66bn in 2020
Multilateral development banks (MDBs) provided $66bn of climate finance in 2020, up from $61.6bn in 2019.
Hydro’s elderly turbines need fresh investment to contribute to net zero
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says
China’s Hengtong delivers cabling to Vietnam’s Hiep Thanh and Tra Vinh V1-2 wind farm
Chinese submarine cable manufacturer Hengtong has delivered the 35-kV cables and accessories for Vietnam’s Hiep Thanh and Tra Vinh V1-2 nearshore wind farms.
Three South Korean insurers to withdraw from new coal power projects
Three major South Korean insurance companies are to stop providing cover for new coal power projects.
Biden mulls ban on polysilicon imported from China’s Xinjiang region
The Biden administration appears to be closer to banning imports of a raw material used extensively in solar panels from China’s Xinjiang region because of allegations of forced labour.
Most green energy beats coal on price in 2020
162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020
Vestas secures 46-MW turbine order in South Korea
Denmark’s Vestas has received a 46-MW order from South Korea’s Yeongwol Eco Wind for the Yeongwol Eco Wind Project in South Korea.
Sri Lanka’s 100-MW Mannar wind farm nears completion
Construction of Sri Lanka’s flagship 100-MW Mannar Wind Power Plant is close to completion, with state-owned utility CEB confident that its pioneering wind farm will help harness the country’s wind potential and reduce emissions.
BW Ideol, Hitachi ABB to develop offshore floating substation design
Norwegian offshore wind developer BW Ideol has signed a deal with transmission specialist Hitachi ABB Power Grids to construct scalable floating offshore substations to support large offshore wind farms.
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