Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in […]
Thai Coal Major Banpu Aims For Sixfold Solar Growth With Aussie Deal
Banpu, Thailand’s largest coal company, has moved to acquire two solar farms in Australia as it seeks to boost capacity in this field of renewable energy roughly sixfold by 2025. Banpu announced Tuesday the A$97.5 million ($75.4 million) purchase of the power stations with a combined capacity of 166 megawatts from North Sydney-based New Energy […]
China Helped Make Solar Power Cheap Through Subsidies, Coal And Allegedly, Forced Labor
In recent years Chinese manufacturers have come to dominate world output in solar panels and components. The conventional wisdom within the renewable energy sector, until recently, was that China had taken over the market because its companies were more efficient, with better automation and more reliable supply chains. But events over the last few months […]
Australia and Korea Can Become Renewable Energy Superpowers Together
Australia and South Korea have a long history of friendship and co-operation. My country is Australia’s fourth-largest trading partner, and this year we will mark the 60th anniversary of diplomatic relations. But big changes are under way, raising the question of how we can evolve our relationship in a decarbonising world. South Korea’s economy is […]
Coal-fired power plant development to remain growth driver in India: Fitch
Singapore : Coal-fired power plants will be the primary driver of infrastructure investment in India’s power sector over the next decade, Fitch Solutions said on Tuesday. The country hosts 40 coal-fired power plant projects currently under construction involving a combined investment of 40.2 billion dollars and accounting for 61 GW of capacity. Additionally, the country […]
Environment Ministry sets new deadlines for thermal power plants to meet emission norms
A task force will be constituted by the Central Pollution Control Board (CPCB) to “categorise thermal power plants (TPPs) in three categories on the basis of their location”, the ministry said in the notification dated April 1. New Delhi: The Environment Ministry has amended rules allowing thermal power plants within 10 kilometres of the National […]
Guterres asks for transition from coal to renewable energy
He urged all countries of the Organization for Economic Cooperation and Development (OECD) to commit to phasing out coal by 2030, and for non-OECD countries to do so by 2040. United Nations: UN Secretary-General Antonio Guterres has asked countries and companies to give up coal for energy and move toward renewable sources. In a video […]
India’s Coal Generation Decreased by 5% in 2020; China Witnessed Rising Trend: Study
China was the only G20 country that saw a large increase in coal generation in the pandemic year, as per new research, which has been published by the energy think tank, Ember. India, on the other hand, saw a decline of 5% in 2020. Globally, there was a record fall in coal generation in 2020, […]
Renewables to occupy 50% installed capacity by FY27
The country’s current installed generation capacity is around 3,79,000 MW. Of this coal based capacity is roughly over 2,05,000 MW while renewables is around 1,30,000 MW. New Delhi: Coal based power plants would remain the major contributors to India’s energy needs over the medium term, but the composition is set to witness a major change […]
Coal-dependent Mongolia’s first solar-plus-storage project will use NGK’s sodium-sulfur batteries
NGK Insulators responded to a request for more info from Energy-Storage.news and confirmed that the NAS battery storage system will be sited at the 5MW Uliastai solar PV project which is included in the ADB’s Upscaling Renewable Energy Sector project for Mongolia. According to an October 2020 Procurement Plan published by the development bank, the […]