Tag: asia

Increase Of Renewable Energy Certificates Supports Asia’s Strong Renewables Pipeline

Increase Of Renewable Energy Certificates Supports Asia’s Strong Renewables Pipeline

December 22, 2021 |

Asian markets have been turning to RECs to verify decarbonisation efforts and attract investor interest for renewable projects. With RECs only being available when renewable electricity is generated, the increasing demand for it in Asia is indicative of the region’s strong appetite for hydropower and non-hydropower renewables. The RECs process is an effective instrument that companies will adopt to prove decarbonisation of their electricity sources and support capacity growth.

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Reforming Korea’s Electricity Market for Net Zero

Reforming Korea’s Electricity Market for Net Zero

December 16, 2021 | ,

This report was commissioned by Korea’s Ministry of Trade, Industry and Energy and carried out jointly by the International Energy Agency (IEA) and the Korea Energy Economics Institute. The objective of the study was to analyse market design improvements to enable achieving net zero in Korea’s power sector, in accordance with the country’s long-term decarbonisation objectives.

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Ascertaining the effect of COP26 on Asian equities

Ascertaining the effect of COP26 on Asian equities

November 20, 2021 |

Despite being responsible for over half of all global emissions, Asia has the chance to lead the global energy transition thanks to the position it occupies at the heart of global supply chains. As both domestic and global demand for new clean technology grows – everything from EVs to renewables and green hydrogen – so too can the region’s corporates by positioning themselves now to meet that demand in the future.

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Global Power Consumption Growth to be Dominated by Asia and New Technologies

Global Power Consumption Growth to be Dominated by Asia and New Technologies

November 5, 2021 |

We expect that the Asia region will see its share of global power consumption rise most significantly from 52.5% over 2021 to 56.7% by 2030, with growth led by its many vast emerging economies. We highlight that China, India, and Indonesia will all see a dramatic rise in electricity demand from a combination of strong demographic and macroeconomic fundamentals as well as rapidly developing industrial activity.

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The three archetypes driving the energy transition in Southeast Asia

The three archetypes driving the energy transition in Southeast Asia

October 26, 2021 |

Given that many energy companies in the Southeast Asia operate as integrated companies – be it across the oil and gas value chain or as national utilities covering generation, transmission and distribution and retail – they are most likely to find a strategic fit as Energy Majors. Within the region, Petronas was the first oil giant to commit to reaching a net-zero carbon footprint by 2050. Others have followed suit by aspiring to reduce their greenhouse gas (GHG) emissions with varying levels of commitments.

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Bangladesh floats an EPC tender for a 60 MW solar plant

Bangladesh floats an EPC tender for a 60 MW solar plant

October 22, 2021 |

The Bangladesh-China Renewable Energy Company Limited (BCRECL) has floated an EPC tender for setting up a 60 MW solar power plant. This is a joint venture company of Bangladesh’s state run North-West Power Generation Company Ltd (NWPGCL) and the China National Machinery Import and Export Corporation (CMC). The said 60 MW project is part of a larger project to generate 450 MW electricity from renewables in Sujanagar, Pabna, in the northwest of Bangladesh.

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Power Sector Diversification To Drive Growth In UAE

Power Sector Diversification To Drive Growth In UAE

October 6, 2021 |

Solar and nuclear power will grow considerably within the UAE’s power mix over the coming decade, making up more than two thirds of total net growth in capacity between 2021 and 2030. The completion of new nuclear reactors will, in combination with new solar and thermal capacity, push growth in the UAE’s power capacity beyond that of any other market in the MENA region.

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Asian Hopes for Sustainable Finance Will Rest on More Credible Taxonomies

Asian Hopes for Sustainable Finance Will Rest on More Credible Taxonomies

September 22, 2021 | ,

Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise to avoid.

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Increased Investment Interest in Renewable Energy in Asia

Increased Investment Interest in Renewable Energy in Asia

September 20, 2021 | ,

The tectonic shift that makes the clean energy sector one of the fastest-growing in the global economy, attracting significant institutional and retail investor interest, is driven by several notable reasons. Energy Tracker Asia’s new research report, ‘5 Shifts That Define the Increased Investment Interest in Renewable Energy 2021’ explores why renewable energy investments are on the rise.

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Infratil to foray into renewable energy across Asia

Infratil to foray into renewable energy across Asia

September 10, 2021 |

The infrastructure investment firm, Infratil, has announced an investment of $233 million to establish a renewable energy development business, Gurīn Energy. The new business will center around the development of greenfield renewable projects spanning across Asia, including North Asia, India and Southeast Asia.

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2021 Vietnam Country Outlook: The Next Renewable Energy Powerhouse of Asia

2021 Vietnam Country Outlook: The Next Renewable Energy Powerhouse of Asia

September 6, 2021 | ,

Though the country has tried to attract renewable energy developers since 2011, Vietnam’s renewable energy market only took off in 2018. By the end of 2020, the country’s solar capacity reached 16.5 GW. This report by Energy Tracker Asia goes on a deeper dive into Vietnam’s success story in renewable energy and the opportunities that lie ahead to further accelerate this energy transition in the country.

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India’s ACME Group to set up $3.5 billion hydrogen facility in Oman

India’s ACME Group to set up $3.5 billion hydrogen facility in Oman

August 26, 2021 |

ACME Group, an Indian solar developer, has signed an agreement to advance a 3.5 GW green hydrogen and green ammonia facility in Oman. The agreement was signed with the Oman governments’ Public Authority for Special Economic Zones and Free Zones. The deal entails an investment of $3.5 billion into the Special Economic Zone at Port of Duqm in central Oman.

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Saudia Arabia receives bids for 10 PV solar projects

Saudia Arabia receives bids for 10 PV solar projects

August 9, 2021 |

The renewable energy project development office (REPDO) in Saudi Arabia is progressing forward with plans for the fourth and fifth stages of its ambitious renewable energy programme. The Saudi Ministry of Energy has received proposals from financial services companies for two transaction advisory contracts on 10 photovoltaic (PV) solar projects that will be constructed under the Public Investment Funds (PIF) clean energy initiative.

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Emerson and SirajPower to build solar rooftop plant in the Middle-East

Emerson and SirajPower to build solar rooftop plant in the Middle-East

August 3, 2021 |

Emerson has collaborated with SirajPower to install a solar rooftop plant at its Middle-East and Africa headquarters in Dubai, making it the largest solar rooftop plant in a single location in Jebel Ali. This important sustainability initiative supports Emerson’s long-term commitment and environmental, social, and governance (ESG) goals to boost decarbonization efforts, reduce emissions, and improve resource efficiency.

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ODE attains offshore wind contract in South Korea

ODE attains offshore wind contract in South Korea

July 16, 2021 |

Green Investment Group (GIG) has granted Offshore Design Engineering (ODE) a contract as owner’s engineer and package manager for offshore wind projects in South Korea that it is developing and investing in. The deal will see ODE’s Korea office, which will open in January 2021, carry out engineering projects totaling more than 500 MW in the nation.

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Ramboll secures five offshore wind projects in Asia

Ramboll secures five offshore wind projects in Asia

July 8, 2021 |

Ramboll has won five new contracts for offshore wind farms in Japan, China, Taiwan, and South Korea, totaling EUR 8 million for the company. The five offshore wind farms, with a total capacity of about 1,500MW, are expected to help the countries’ transition from coal and nuclear power to low-carbon energy.

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