Power Utility

IRENA backs UN call to speed up energy transition

UN Secretary-General Antonio Guterres outlined 5 critical actions to jumpstart transition.

TNB unit buys nearly 50% stake in offshore wind firm BODL

This will add five turbines with a total capacity of 41.5MW to its assets amongst others. 

Global offshore wind market to grow to 330GW by 2030: report

Woodmac expects 24 countries to have large-scale offshore wind farms.

South Korea’s ODIN, G8 partner to develop offshore, marine RE projects

The companies seek to develop a charging tower powered by wind amongst others.

Chinese gencos to see earnings recover in 2022: report

This comes as CreditSights expect the cost of coal to be lower this year.

Asian markets may ‘ramp up’ coal as gas prices rise: report

Coal will continue to dominate the region’s power mix through 2027.

Price hike, supply issues to continue straining gas power in Asia: Fitch

This will particularly impact Japan, South Korea and Taiwan.

Offshore wind to replace nuclear in Taiwan’s power mix: Fitch

More than half of Taiwan’s power project pipeline consists of offshore wind power.

Taiwan’s nuclear phase-out plan by 2025 ‘more certain’: report

Nuclear power accounted for 9.5% of the power mix, as of end-2021.

India plays ‘lead role’ in the global emissions reduction goal: IEEFA

Domestic and international are rapidly scaling up infrastructure capacities in India.

China’s nuclear capacity to grow 7% annually up to 2035

The country has 54GW operational units and 22GW in the pipeline.

CCUS adoption in Southeast Asia to focus on gas production: report

About 75% of CCUS project pipeline is meant to capture excess carbon dioxide from gas production.

What can Adaro Power contribute to the shift to a green economy?

The company developed renewable power projects and wanted to make sure that its plans will be achieved in a just manner.

Philippines’ new roadmap targets 40GW offshore wind by 2050

This could make up 45 % of its electricity supply.