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Bloomberg ($): Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in Glasgow next month. The No New Coal agreement is the latest attempt to try and piece together a global phase-out of […]
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Reuters: A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. The Commerce Department is poised to decide by end-September whether to launch a trade investigation into solar cells […]
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Renewables Now: Singapore-based solar developer and operator Sunseap Group Pte Ltd is proposing to build a giant 2.2-GWp floating solar complex with battery storage on Indonesia’s Batam Island. The Singaporean firm said on Wednesday it has signed a memorandum of understanding (MoU) with Batam Indonesia free zone authority Badan Pengusahaan Batam (BP Batam), outlining an […]
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Nikkei Asia ($): Mitsui & Co. will sell off its entire interest in an operator of Indonesian coal-fired power plants, the Japanese trading house said Tuesday, part of efforts to shrink the carbon footprint in the company’s portfolio. Mitsui agreed to sell its 45.5% stake in Paiton Energy to RH International (Singapore), a subsidiary of […]
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PV Tech: First Solar has unveiled plans to more than double its US manufacturing capacity with a 3.3GWdc facility in Ohio that will produce thin film PV modules for the country’s utility-scale solar sector. The ‘Solar Module Super League’ (SMSL) member will invest US$680 million in the plant, which is expected to begin commercial operations […]
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Bloomberg ($): Global asset managers — including JP Morgan Asset Management Inc. and Fidelity International Ltd. — will urge five Asian power generators to curb greenhouse gas emissions in an initiative coordinated by the Asia Investor Group on Climate Change. The 13 institutional investors that manage $8.8 trillion among them will engage with the utilities […]
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Bloomberg ($): “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be. For the first time in decades, oil companies aren’t rushing to increase production to […]
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Wall Street Journal ($): To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell PLC may have to overhaul its business and cut its oil output faster than it had planned, analysts and investors said. Potential ways to curb emissions include selling assets, rethinking exploration spending and halting growth of its […]
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Nikkei Asia ($): Japanese trading house Mitsui & Co. has chosen the Philippines as the site for the company’s first megasolar project in Southeast Asia. Mitsui has formed a renewable energy joint venture with Philippine utility Global Business Power. The solar project in the northern province of Rizal is expected to cost roughly 7 billion […]
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RenewEconomy: A raft of policy announcements, rumoured internal decisions and general economic trends are all pointing to a looming downturn in fossil exports for Australia, with many more announcements set to come in the coming months prior to the global COP26 meeting later this year. China, comfortably one of Australia’s largest customers and a country […]
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 […]