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Nikkei Asia ($): Power plant operator CLP Holdings pledged on Thursday to phase coal out of its Asian operations by 2040, accelerating its previous commitment by a decade. The Hong Kong-based group also said it aims to achieve net-zero greenhouse gas emissions by 2050, in line with the decarbonization goal established by the city’s government. […]
REVE: Iberdrola has continued its expansion in the Asia-Pacific region with the announcement of three new offshore wind development projects in Taiwan, with potential capacity of approximately 6 gigawatts (GW). The projects are named Da-Chung Bu Offshore Wind, Guo-Feng Offshore Wind and Ju-Dao Offshore Wind and will be located in the county waters of Taichung, […]
The Guardian: Windfarm installations are expected to double to record global levels this year, after a short-lived Covid-19 slowdown, according to the Global Wind Energy Council (GWEC). The group’s annual report found that the world’s offshore windfarm capacity grew by 6.1GW last year, down slightly from a record 6.24GW in 2019, but would rebound to […]
ReNews.biz: China has overtaken Germany as the world’s second largest offshore wind market behind the UK with 7.9GW of operational capacity, according to a new Global Offshore Wind report. World Forum Offshore Wind’s first half-year report for 2021 shows global offshore wind installations reached 34,137MW by the end of June. This demonstrates a slowdown in […]
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 […]
Renew Economy: More than 200GW worth of new offshore wind projects have been announced around the world since 2020, according to new figures published this week, but regulatory hurdles and supply chain constraints will nevertheless hinder the completion of the entire pipeline by 2030. The new figures were published this week by renewable energy consultancy […]
Reuters: 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 $2.4 trillion […]
Renew Economy: Two new massive offshore wind farms have been proposed for either side of Bass Strait, taking the growing pipeline of projects in a technology that has yet to be deployed in Australia to more than 25 gigawatts. An Australian based company, Brookvale Energy, is looking at an offshore wind project in Tasmanian waters […]
Nikkei Asia ($): 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 […]
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 […]
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IEEFA report: Australia’s key export market – Japan, moving beyond thermal coal
Approving new thermal coal mines will add more production into an oversupplied market10 July 2019 (IEEFA Australia) – Australia will struggle to seek alternative markets for its thermal coal as a declining Japanese market increasingly turns towards cheaper renewable energy solutions, a new IEEFA report out today has found. The report, Japanese Thermal Coal Consumption Approaching Long Term Decline: Australia’s Biggest Export Destination to Transition Away from Coal, […]