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Nikkei Asian Review: BANGKOK—The power generating arm of Thailand’s oldest industrial conglomerate, B. Grimm, has partnered with Vietnamese construction firm Xuan Cau to develop the largest solar power plant in Southeast Asia at a cost of $420 million. B. Grimm Power Public Company CEO Preeyanart Soontornwata said the deal was inked last week in Bangkok, witnessed […]
IEEFA
Greentech Media: Renewable energy development behemoth Macquarie is eyeing a floating turbine project in South Korea as interest in offshore wind grows across the Asia-Pacific region. The developer is reportedly partnering with South Korea’s Gyeongbuk Floating Offshore Wind Power for a 1-gigawatt project located around 30 miles from Pohang and Ulsan. Robert Liew, senior analyst […]
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Financial Times ($): In Laos, in Brazil, in central Africa and most of all in China itself, ultra high-voltage cable technology that allows power to be commercially transported over vast distances with lower costs and increased load is justifying the construction of massive power projects. It is dubbed the “intercontinental ballistic missile” of the power […]
Tim Buckley
Overreliance on coal, and an odd reluctance to exploit national technology advantages
When G7 countries gather in Canada this week, it’s not unreasonable to expect that common ground will be hard to find in many policy areas. When it comes to energy policy, President Donald Trump’s withdrawal from the Paris climate accords and his pro-coal policies have grabbed headlines and caused furrowed brows among U.S. allies. With […]
Elrika Hamdi
Global trends make coal-fired expansion a hard case to sell
In early May, one of Japan’s major insurers, Dai-ichi Life, became the first Japanese financial institution to restrict lending to coal-fired power plants. This news came only days after Allianz, Europe’s largest insurer, announced it would immediately pull its coverage from coal-fired power plants and coal mines, and barely a fortnight after banking giant HSBC […]
Melissa Brown
How Much Will the Government Be Willing to Subsidize PLN?
Last week was good to PLN, Indonesia’s state owner power company. Despite chaotic emerging bond markets, which had punished the rupiah and pushed yields on Indonesian bonds higher, PLN was able to paddle safely to shore with a successful US$2 billion bond issue. Flexibility was the key to getting the financing done. With guidance from […]
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Mongobay: Demand for energy in China and Indonesia continues to drive the resurgence of the latter’s coal industry, setting back efforts in both countries to shift to a greater share of renewable energy. Mining, freight and trade executives were largely upbeat at what was billed as the coal industry’s biggest event of the year, the […]
IEEFA
Reuters: Japan’s JERA, a U.S.-German joint venture and an Australian firm have teamed up to develop battery projects in the Asia-Pacific, including the world’s biggest, targeting a market expected to be worth several billion dollars by 2022. The move marks a big green push for JERA, a joint venture between Tokyo Electric Power Co. and […]
IEEFA
Quartz India: Since its big entry a decade ago, China has led the global solar energy industry. A massive manufacturing sector that has driven down costs, coupled with supportive government policies, have helped it commission multiple large-scale projects and become the world’s largest producer of solar energy. Meanwhile, neighbouring India has turned up at the […]
Press Release
Rapid Cost Deflation, Broad Gains in Scale; Key Momentum in China and India; Crucial Support From International Capital Markets and Tech Giants; Expansion Role Seen for National Governments
May 21, 2018 (IEEFA.org) – A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. The study—“Solar Is Driving a Global Shift in Energy Markets”—details some of the world’s biggest utility-scale […]
IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation
Rapid Cost Deflation, Broad Gains in Scale; Key Momentum in China and India; Crucial Support From International Capital Markets and Tech Giants; Expansion Role Seen for National GovernmentsMay 21, 2018 (IEEFA.org) – A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. The study—“Solar Is Driving a Global Shift in Energy Markets”—details some of the world’s biggest utility-scale […]