Power Utility

However, experts cautioned this means that the operations of coal-fired power plants would be extended. 

IEFFA said investment should be focused more on other technologies such as solar and wind.

Spot thermal coal prices were down by around 20% from January to August 2023.

Its installed solar capacity is expected to exceed 1,000 GW by the end of 2026.

The Regional Approach Report outlines how collaboration is key to the aim of 35% renewable energy capacity by 2025 in the region.

Whilst AI is still nascent, its integration in the power sector has significantly improved power plant operations.

This could only happen once India resolves regulation uncertainties, amongst others.

The power plant has a 660 MW capacity.

The acquisition has an enterprise value of $1.1b (A$1.72b).

The region relies on LNG for energy security and transition.

The country is yet to maximise its solar potential of 748,990 MW.

This is due to their heavy reliance on energy imports.

Around 7.6 GW were given terms of reference, a vital part in development approval.

Solar power will be its largest source of capacity growth. 

Experts have mixed views of the effectiveness of the nascent technology in decarbonisation.

Asia continued to drive coal demand growth.