Power Utility
Japan reduces fossil fuel generation by 8% in 2023
Japan reduces fossil fuel generation by 8% in 2023
This is driven by the increasing renewables capacity and declining power demand.
BESS gains edge with declining costs
It costs less compared to pumped-hydro storage and Compressed Air Energy Storage.
Global bioenergy electricity production rises 3.1% to record 697 TWh
China, Brazil, and Japan are the top bioenergy producers.
AboitizPower finalises 15.6% stake acquisition in STEAG State Power
This brings the company’s total equity interest to 85%.
South Korea needs faster offshore wind permitting, says GWEC
It usually takes a decade to complete the permitting processes.
China Huaneng's new energy capacity surpasses 180 million kW
The share of low-carbon and clean energy installed capacity reaches 48.47%.
China leans heavily on fossil fuels for 65% of electricity in 2023
Despite this, the country also led in solar and wind energy generation.
Global nuclear generation up 1.8% in 2023, led by US and China
Japan saw the fastest growth in nuclear share as it resumed operations of reactors.
Bangladesh's energy efficiency boost may save $460M in LNG costs
Gas-fired power plants with low efficiency use more gas annually.
CLP Power's Q1 electricity sales rise 3.7% YoY
The commercial segment held a 40% share in the 7,279 GWh total sales.
Tata Power achieves record profit of $512.5m in FY2024
Thanks to the strong performance of its core businesses.
AboitizPower’s net income rises 4% YoY in Q1
The company increased its capital expenditure this year by over two-fold.
Australia launches 1.7 GW RE tender in Victoria and Tasmania
This is the country’s largest tender for the month of May.
Hydropower output drops to 5-year low globally
The gap left by hydropower was met by fossil generation.
Renewable energy share in world’s electricity mix surpasses 30%
China is the main contributor as it comprises over half of the wind and solar installations.
ACEN’s net income surges 34% YoY in Q1
The company has reached its 2025 5 GW renewables capacity target during the period.
Pressures mount for less desirable energy insurance placements in the region
Industry experts eye offshore investments as most attractive, yet more expensive.
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