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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 […]
ReNews.biz: Orsted is moving into the construction phase of the 900MW Greater Changhua 1&2a offshore wind farm off Taiwan. The developer has begun the horizontal directional drilling (HDD) to prepare for cable laying and scour protection work to make ready the seabed for foundation installation. Orsted will start export and array cable laying, installation of […]
Offshore Engineer: Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion, counting the projects in the early planning stages. “A significant market for […]
PV Tech: More than 20GW of non-hydro capacity is expected to come online in Taiwan by 2030, according to a new report, driven by solar installations and offshore wind. Although it received a sharp shock at the start of last year, the speed of Taiwan’s transition to solar and wind power could still go a […]
Recharge: Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, which will more than double between 2020 and 2029 to a capacity exceeding 1,500GW, Fitch Solutions forecast. As markets recover gradually, the analyst sees an acceleration of growth over the coming […]
BusinessGreen: The total pipeline of offshore wind projects worldwide has surged 47 per cent since January, signaling continued rapid growth for the sector as it weathers global supply chain disruptions and economic turbulence wrought by the coronavirus pandemic, according to RenewableUK. The latest edition of the UK trade association’s Offshore Wind Project Intelligence report today […]
Power Technology: Swancor Renewable Energy (SRE) has announced plans to develop three offshore wind projects totaling 4.4GW offshore Taiwan. The Formosa 4-1, Formosa 4-2 and Formosa 4-3 projects will be located in the north-western territorial waters of Miaoli County. Swancor Renewable Energy CEO Lucas Lin said: “Swancor Renewable Energy has been preliminarily developing Formosa 4 […]
The world’s largest thermal coal exporter is eyeing new markets as its largest export destinations threaten to cut imports. Indonesia is targeting Bangladesh, Pakistan and Vietnam as China and India seek to curb thermal coal imports into the long term. As a result, Australian and South African thermal coal exporters aren’t going to have it […]
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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, […]