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Bloomberg ($): Japan’s aggressive new plan to champion clean energy is shaking up the liquefied natural gas market that it helped pioneer 60 years ago. The country, the world’s top LNG importer, called for more renewables such as wind and solar to replace natural gas in a revised plan released last week. The shift aims […]
IEEFA
S&P Global Market Intelligence ($): Global solar installations could break the 1-terawatt mark in 2022, industry group SolarPower Europe said in its “Global Market Outlook” on July 21, despite rising raw-material costs that could create headwinds for the renewable energy industry. Capacity stood at 773.2 GW at the end of 2020 with the addition of […]
Saurabh Trivedi, Tim Buckley and Press Release
Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity
19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]
IEEFA
Yomiuri Shimbun: The Japanese government aims to increase the ratio of renewable sources in the energy mix to 36-38 per cent from the current 22-24 per cent in fiscal 2030, and maintain nuclear power at 20-22 per cent, according to a draft of the basic energy plan currently under review. The goal is for energy […]
Simon Nicholas
Decade-long coal-fired plant binge slows as government considers gas alternatives
Bangladesh has been faced with the prospect of a major rollout of coal-fired power plants for over a decade. The Bangladesh government’s focus on coal-fired power began with the 2010 Power System Master Plan, and was then reinforced by the 2016 version. Several of these plants are now under construction. For many years since, people […]
IEEFA
The Guardian: Australia is facing growing pressure over its climate policies as the US edges closer to following the European Union in imposing new charges on imports of emissions-intensive products. The trade minister, Dan Tehan, has criticised the EU’s new carbon tariffs, saying they are revenue raising and will undermine free trade. But Labor declared […]
IEEFA
PV Tech: Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie. The research firm said ambitious solar targets mean China will add 619GW of PV by the end of the decade, by which time it […]
Simon Nicholas
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive coal-fired power technology on developing nations if such projects feature carbon capture and storage (CCS) or if a proportion of ammonia or biomass is co-fired with the coal. The Japan Bank for International Cooperation’s (JBIC) announcement comes only a few months after it was reported that the state-owned […]
IEEFA
Reuters: Vestas (VWS.CO) said on Friday that EnBW (EBKG.DE) had picked its new turbine, which will be the world’s biggest, as the preferred option for the 900 MW He Dreiht project in the German North Sea, which will be operated without subsidies. Colossal turbines, which will dwarf many skyscrapers, are key for the offshore wind […]
IEEFA
PV Tech: Japan is aiming to have 108GW of solar capacity by 2030, 1.7 times higher than the country’s previous target. The new target was presented by the Japan’s environment and trade ministries and comes as it said it would reduce its emissions by 46% by 2030 compared with 2013 levels. According to the report, […]
IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam
Pakistan and Bangladesh have already cancelled tenders for LNG imports14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]