India announced new renewable energy goals last year to increase non-fossil power capacity to 500 GW and meet 50% of the country’s electricity needs through renewables by 2030. However, after including large hydro under the definition of renewables, the country is likely to achieve its 2022 target but may miss out on the solar specific target, and subsequently fall short of the 2030 target, says GlobalData, a data and analytics company.
Thailand’s upstream natural gas sector is struggling to reverse falling output due to bad planning and policy from the government, coupled with a seeming lack of innovation at PTT Exploration & Production (BKK:PTTEP), a state-backed company, that is taking increasing control of the country’s gas resources.
Corio Generation has signed a joint development agreement with FECON, a leading Vietnamese construction and infrastructure group, for a proposed 500 MW offshore windfarm in Ba Ria, Vung Tau province, Vietnam.
Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel.
Solar Philippines has taken a further step toward massively expanding the nation’s renewables capacity, including with one of the world’s top projects, as it aims to help meet rising energy demand and aid a shift away from coal.
First Gen’s Interim Offshore LNG Terminal project in the Philippines has been delayed and the company has asked BW Gas to delay the delivery of the floating storage and regasification unit (FSRU) BW Paris from Q1 2023 to end of Q2 or early Q3 2023.
Australia's new Labor government has secured a majority in parliament. This is expected to provide a tailwind for renewable energy investment in Australia as the Labor party campaigned on a strong environmental agenda, under its Powering Australia plan.
Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test.
Pakistan said it is considering to sign a liquefied natural gas (LNG) purchase agreement with various countries including Russia as it seeks to secure supply and ease a crippling shortage.
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) is facing significant gas supply challenges that pose further downside risks to the Southeast Asian nation’s gas power sector, warned Fitch Solutions.
While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by energy research company Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of $100 billion by 2050.
France’s TotalEnergies (LSE:TTE) and Japan’s ENEOS are set to develop $2 billion worth of distributed generation assets across Asia following a recent deal to establish a joint venture that will sell power from solar.
Nuclear power will play a crucial role in China’s decarbonisation drive with capacity set to expand 7% every year to 2035, according to S&P Global Ratings.
JERA, the largest power generation company in Japan, producing about 30% of the nation’s electricity, is planning to develop at least 1 GW of solar power by end-2025, with new business partner West Holdings, a Japanese renewable energy engineering company.
Japan’s JERA has signed a memorandum of understanding with Electricity Generating Public Company Limited (EGCO), a major power generation company in Thailand, to cooperate in the energy transition field. The pair are eying opportunities in LNG, hydrogen, and ammonia.
By Institute for Energy Economics and Financial Analysis (IEEFA)
Widespread adoption of carbon capture, utilisation and storage (CCUS) technologies in Southeast Asia remains highly unlikely, according to the latest findings from the Institute for Energy Economics and Financial Analysis (IEEFA).
Sprng Energy Pvt is nearing a deal for Shell to acquire the Indian renewable power producer for about $1.8 billion including debt, people with knowledge of the matter said.
Danish offshore wind developer Orsted has successfully generated first power from the Greater Changhua 2a offshore wind project in Taiwan. Significantly, the development is the largest of its kind offshore Taiwan and Orsted’s first large-scale offshore wind farm in Asia Pacific.
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
Following presidential elections earlier this month, energy-short South Korea looks set to pivot back towards nuclear power, leaving the outlook for liquefied natural gas (LNG) imports less certain.
Japan's Mitsubishi is confident that the three offshore wind projects it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit told Reuters.
Samsung C&T will partner with Vietnamese construction company Lilama to build what could be Vietnam's first gas-fired power facilities to be fuelled by liquefied natural gas (LNG) as the country works to transition away from coal.
