Asian Power

AGL underlying profit down 58% YoY in FY2022
A drop in trading and origination electricity earnings contributed to this.
India may not reach 175GW RE capacity target by 2022: Fitch
The passage of the Energy Conservation (Amendment) Bill will support its growth.
Singapore digs deep to unleash geothermal energy potential
But the volumetric extent of hot rock where geothermal can be sourced is unknown.
India RE open access capacity climbs by 1.9GW in 2022: report
The market size is estimated to have grown to 10GW in 2022.
NTPC commissions 56MW Kawas Solar project
Its solar installed capacity is now at 69,454MW.
TNB to invest $4.5b annually for energy transition
It will invest in regional interconnection to help decarbonise the ASEAN power sector.
ReNew Power secures $1b loan for hybrid battery-enabled project
This is the largest ECB project loan in India’s renewable sector.
JERA to acquire 35.1% stake in Vietnam RE firm
Vietnam-based Gai Lai Electricity currently has around 600MW capacity.
KHNP, Doosan Enerbility, manufacturers sign deal to support nuclear energy
The MoU targets to “raise competitiveness through mutual growth.”
SPNEC to complete share swap with Solar Philippines by end-2022
The company wants to complete the private placements to increase public float.
Philippines’ First Gen net income drops 13% in H1
This is despite a 21% growth in revenue. 
ARENA funds $1.27m MGA Thermal energy storage project
It has a planned capacity of 5MWh. 
ACWA net profit rises 21% in H1
Its net profit stood at SAR542m during the period.
Japan close to hitting 2030 renewables target
The country set a 36-38% renewable energy target in 2030. 

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Exclusives

Exclusives

Project Singapore digs deep to unleash geothermal energy potential
But the volumetric extent of hot rock where geothermal can be sourced is unknown.
Power Utility Southeast Asia faces uphill battle in CCUS deployment without carbon pricing
It is unlikely that the carbon price in the region could reach $40 per tonne of carbon dioxide.
Power Utility Regional grid connection can boost energy transition, economic growth
Having a 15% regional grid connection will create 870,000 jobs.
IPP What happens to CLP Power as Hong Kong transitions to carbon neutrality
Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.
IPP Private firms eclipse the growth of the Philippines' solar power industry
Solar Philippines flagged the lack of foresight amongst businesses to meet high demand.
IPP Masdar gains foothold in Southeast Asia through Indonesian solar project
It is set to launch what would be the largest floating solar PV plant in Indonesia this year. 
Power Utility Could phase-outs harm Asia’s nuclear energy growth?
The region is expected to bring 30GW in electricity per year with 32 reactors under construction.

Top News

AGL underlying profit down 58% YoY in FY2022
A drop in trading and origination electricity earnings contributed to this.
India may not reach 175GW RE capacity target by 2022: Fitch
The passage of the Energy Conservation (Amendment) Bill will support its growth.
Singapore digs deep to unleash geothermal energy potential
But the volumetric extent of hot rock where geothermal can be sourced is unknown.
India RE open access capacity climbs by 1.9GW in 2022: report
The market size is estimated to have grown to 10GW in 2022.
NTPC commissions 56MW Kawas Solar project
Its solar installed capacity is now at 69,454MW.
TNB to invest $4.5b annually for energy transition
It will invest in regional interconnection to help decarbonise the ASEAN power sector.
ReNew Power secures $1b loan for hybrid battery-enabled project
This is the largest ECB project loan in India’s renewable sector.
JERA to acquire 35.1% stake in Vietnam RE firm
Vietnam-based Gai Lai Electricity currently has around 600MW capacity.
KHNP, Doosan Enerbility, manufacturers sign deal to support nuclear energy
The MoU targets to “raise competitiveness through mutual growth.”
SPNEC to complete share swap with Solar Philippines by end-2022
The company wants to complete the private placements to increase public float.
Philippines’ First Gen net income drops 13% in H1
This is despite a 21% growth in revenue. 
ARENA funds $1.27m MGA Thermal energy storage project
It has a planned capacity of 5MWh. 
ACWA net profit rises 21% in H1
Its net profit stood at SAR542m during the period.
Japan close to hitting 2030 renewables target
The country set a 36-38% renewable energy target in 2030. 

Exclusives

Project Singapore digs deep to unleash geothermal energy potential
But the volumetric extent of hot rock where geothermal can be sourced is unknown.
Power Utility Southeast Asia faces uphill battle in CCUS deployment without carbon pricing
It is unlikely that the carbon price in the region could reach $40 per tonne of carbon dioxide.
Power Utility Regional grid connection can boost energy transition, economic growth
Having a 15% regional grid connection will create 870,000 jobs.
IPP What happens to CLP Power as Hong Kong transitions to carbon neutrality
Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.
IPP Private firms eclipse the growth of the Philippines' solar power industry
Solar Philippines flagged the lack of foresight amongst businesses to meet high demand.
IPP Masdar gains foothold in Southeast Asia through Indonesian solar project
It is set to launch what would be the largest floating solar PV plant in Indonesia this year. 
Power Utility Could phase-outs harm Asia’s nuclear energy growth?
The region is expected to bring 30GW in electricity per year with 32 reactors under construction.

Join the Asian Power community