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Taiwan Moves to Drop Nuclear Energy in Favor of Renewables and Natural Gas

From Bloomberg New Energy Finance: Taiwan’s new government led by President Tsai Ing-wen pushed through legislation, in January 2017, to make the island state free of nuclear power. All nuclear generation is to stop by 2025, and will be replaced partly by renewable energy and partly by gas-fired plants. “We would like to move away […]

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IEEFA India: A Momentous Solar Event

Signs of a Fundamental Market Shift; Implications for Emerging Markets Everywhere

A matter of hours after we commented this week on a record low bid for solar project development in India, that record fell again. The three winning bids for the 750MW auction, by Mahindra Renewables, Acme Solar, and Solenergi Power, came in at below Rs2.97-Rs2.979/kWh. Bidding opened at Rs3.59-3.64/kWh. The results, for rights to develop […]

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IEEFA Op-Ed: Indonesian Financing for Indonesian Projects

Dollar-Based Deals With Foreign Banks Are Too Costly

When 2016 drew to a close, Indonesia’s chief finance sector regulator, the Financial Services Authority (OJK), met in Bali with the private-sector finance arm of the World Bank, the International Finance Corporation (IFC), to come up with some shared new year’s resolutions for the national banking sector. Like the Joko “Jokowi” Widodo government, which has […]

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IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China
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IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China

Why a Massive Proposed Coal Project Remains Unbankable

Adani Power Ltd reports another net loss—of US$48 million—in the three months through December. This puts the company as the proposed cornerstone customer in a plan to build the massive Adani Enterprises Carmichael coal project in Queensland on track for its fifth year of enormous losses since FY2012. The latest numbers highlight the strategic weakness of […]

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IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

Three Ways to Protect Investors and Create Sustainable Growth

A sustainable financial-sector roadmap for Indonesia must aggressively incorporate rigorous environmental and social standards into the credit-risk framework. That’s one of the core takeaways from a recent symposium sponsored by the Financial Services Authority (OJK), which is Indonesia’s chief finance-sector regulator, and the International Finance Corporation (IFC), the private-sector finance arm of the World Bank. […]

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On the Blogs: Fierce Pushback in Bangladesh on Questionable Coal Project

Keith Schneider for Circle of Blue: In 2010, when Bangladesh drew up its Power Sector Master Plan to develop thousands of new megawatts of coal-fired electricity, the government also bought 742 hectares (1,834 acres) of bottomland along the Passur River. At the time, the aggressive master plan and the flood-prone parcel, about 300 kilometers (190 […]

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Indian Government Signals a Shift Toward Renewables

Shreya Jai for the Business Standard (India): Indicating a significant shift in the Indian power sector, the Central Electricity Authority (CEA) has, in its National Electricity Plan (2017-2022), said the country does not need any more coal-based capacity addition till 2022. CEA said India would add massive renewable-based capacity. CEA in its draft plan has […]

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International Energy Agency Sees Coal Consumption Stalling, Demand Shifting to Asia

Megan Darby for The Guardian: The volume of coal used across the world fell for the second year running in 2015 and is set to stay below peak levels in 2016, reported the International Energy Agency (IEA). The influential think tank – an autonomous Paris-based organisation – has downgraded its medium-term coal market forecast for […]

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Overlooked Opportunities in Bangladesh Renewables

From the (Dhaka) Financial Express: Bangladesh’s economy has been growing steadily at over 6per cent, making it one of the steady high performers among large countries. This growth is intimately tied to energy supply, but in a country of 161 million, only about 65 per cent have access to electricity, which is itself a significant […]

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IEEFA Latin America: Indications, in the Activity of an Italian Company, of How Emerging Markets Are ‘Skipping a Generation’ and Going Straight to Renewables

IEEFA Latin America: Indications, in the Activity of an Italian Company, of How Emerging Markets Are ‘Skipping a Generation’ and Going Straight to Renewables

ENEL Is Betting That Developing Economies Will Go Big on Solar, Wind, and Hydro

In its updated plan for 2017-2019, the Italian utility ENEL SpA has expanded its earnings targets with an aggressive capital-expenditure program for 6.7 gigawatts of renewable energy capacity. And that’s just over the next three years, which probably makes ENEL the largest single investor globally at the moment in such capacity. Of crucial note here: […]

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