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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.
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Japan to reach 27% green energy in decade
Investing over $100bn in solar and wind power over the next decade is expected to take Japan beyond its renewables target and achieve 27% of the energy mix.
Ampol sinks to first-half loss
Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.
Pertamina posts first-half loss
Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.
IOC invests $47mn in Paradip refinery’s MEG plant
State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.
ONGC reveals $6.1bn debt plan
India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.
Green hydrogen needs more government backing
Current growth rates in the global green hydrogen industry are just not high enough to meet global energy demand, with massive capital shortfalls and government inaction stalling start-ups.
JERA files EIA for 520-MW offshore wind farm in Japan
Japanese energy company JERA has filed an environmental impact statement (EIA) for its proposed 520-MW offshore wind farm in the Ishikari Bay off the northern island of Hokkaido.
Goldwind continues Australian green expansion
Goldwind had made further steps in developing the $1.5bn Clarke Creek hybrid wind, solar and battery project in Queensland
Novatek pledges 2030 climate goals
Mongolia focused mining company finds new investment from Singapore's QT Vascular in RTO
Hong Kong-based Golden Concord Holdings ties up with H. Sterling to restructure its LNG and gas businesses
Hong Kong-based energy conglomerate Golden Concord Holdings Ltd (GCL Group) has launched a strategic restructuring of its LNG and gas businesses, the company announced on May 31, 2020, and established a new company, GCL Natural Gas Group Ltd.
PTT looks to greener future
Thailand’s state-owned PTT is ramping up its commitment to renewable power generation amid a downturn in its oil and gas business.
India mulls another gas price cut
India is reportedly planning to reduce prices for domestically produced natural gas to their lowest level in more than a decade, ignoring state-run producer complaints that already low prices make development uneconomical.
Green energy could reduce Asian LNG production emissions by 8%
Using renewable energy to operate LNG production plants across the Asia-Pacific region could reduce emissions by about 8%
Flood forces China’s Tongwei to cut polysilicon capacity by a quarter
Tongwei Group has closed down a quarter of its polycrystalline silicon, or polysilicon, capacity because of severe flooding this week in southeastern China.
Green energy grows during lockdown, but not by enough
Solar and wind output grew 14% during lockdown, but the expansion is too slow to meet the Paris Agreement goals
Vestas secures 86-MW EPC deal to expand Lincoln Gap Wind Farm
Vestas has signed an 86-MW contract with Nexif Energy to supply turbines for the second stage of the Lincoln Gap Wind Farm in South Australia.
MDBs provide $61.6bn of climate financing in 2019
MDMs provide $61.6bn of climate financing in 2019
Pakistan begins work on Chinese-funded 4,500-MW Diamer-Bhasha Dam
Pakistan has begun construction of the Chinese-backed 4,500-MW Diamer-Bhasha Dam, after Western interests have failed to offer funding or construction support over the last five years.
Investment in Chinese solar and wind booms ahead of subsidy deadline
Investment in wind and solar is likely to continue booming in 2020, Fitch Rating said, driven by looming connection deadlines to secure wind subsidies.
Russian technology pushes forward nuclear construction at India’s Kudankulam
Indian contractor Larsen & Toubro (L&T) and advisors from Russia’s Rosatom have successfully installed the metal cladding for the reactor pressure vessel in Unit 3 of the Kudankulam NPP.
Jinko Solar commits to 100% renewables
China’s Jinko Solar has become the latest global company to publish an ambitious green target, committing to being 100% powered by renewables by 2025.
Vestas green targets in line with Paris goals
Vestas is the first renewables OEM to have its greenhouse gas reduction targets fully endorsed as meeting the Paris Agreement’s 1.5°C goal.
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