As national carbon-neutral targets come into focus, Asia Pacific solar photovoltaic (PV) capacity could triple by 2030 to 1500 gigawatts (GW), with Indonesia potentially the fastest expanding market by the end of the decade, according to new research from Wood Mackenzie.
A north-east husband and wife team hopes to roll out a fleet of solar-powered bikes, creating jobs for ex-offenders in the process.
Global Power Synergy, the listed power unit of Thailand’s national energy company PTT Group, has acquired a 41.6% stake in Indian renewable energy provider Avaada Energy for about 14.8 billion baht ($453 million).
Malaysia’s Petronas, which has yet to make a firm carbon-neutral pledge, will deploy solar energy at the group's assets across Malaysia to boost efficiency and cut carbon emissions as part of its sustainability agenda and “aspiration” of Net Zero Carbon Emissions by 2050 (NZCE 2050).
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Petronas, which has yet to make a firm carbon-neutral pledge, sees significant growth ahead for solar and wind, particularly as a hedge against volatile fossil fuel prices, Jay Mariyappan, head of the state-backed Malaysian company’s new energy business told the APAC power and renewables summit.
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.
Renewables continues to trump fossil fuels on costs, with the majority of new developments now producing cheaper energy.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Investments in Asia Pacific wind and solar power could double to $1.3 trillion over the current decade to 2030 compared with the period 2011-20, predicts Wood Mackenzie. However, in most Asian markets, subsidy-free renewable power will not be able to compete with coal power until 2025 or later, cautioned the energy research company.
Thailand's state-owned oil and gas group, PTT, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, as it takes steps to shift from fossil fuels to cleaner energy sources.
Fitch Solutions believes that the Myanmar military government’s solar project push, the first attempt at stimulating foreign investment since the coup, will not succeed and will do little to turn the gloomy economic situation around.
The new owner of St Fergus gas plant operator px Group has swooped in for UK solar and energy storage firm Anesco.
Australia’s Woodside has set new interim and long-term targets to hit net zero greenhouse gas emissions by 2050 at its Pluto liquefied natural gas (LNG) export project.
Chevron announced today that Chevron Technology Ventures has participated in a capital raising round for Melbourne-based solar technology developer RayGen Resources.
South Korea will launch its largest-ever solar photovoltaic (PV) tender in July when it will offer 2 GW of capacity. An extra 2GW could also be offered later this year.
BP reached an agreement today to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy for $220 million.
Malaysian national oil company (NOC) Petronas reported that profit after tax more than doubled year-on-year to MYR 9.3 billion ($2.26 billion) for the first quarter of 2021 on the back of recovering commodities prices and lower costs.
Australia’s Woodside is exploring the supply of 50 MW of solar energy to its Pluto liquefied natural gas (LNG) export facility on Western Australia’s Burrup Peninsular as part of its effort to reach net zero emissions.
China oil giant Sinopec has started operating its first petrol station where solar panels can fully meet its power needs, as the company pushes ahead in its quest to become a renewable powerhouse.
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
The phrase “Energy Transition” is now a central theme in climate change terminology, but transition to what energy sources and over what time period?
Japanese trading house Mitsui has chosen the Philippines for the company’s first mega solar project in Southeast Asia.
Renewables now make up 37% of all power generation projects under construction in Asia, representing a 4% increase in share from the previous quarter, according to the latest IHS Markit Renewable Additions Index (RAI) for Asia Pacific. Although coal power projects remain strong despite climate pressure.
The Energy Institute has announced that a renewable energy boss at BP will become its new CEO.