Power Utility
ASEAN nears 35% regional renewable energy target
This is despite the slight decline of renewables’ share in the total capacity in 2022.
ASEAN nears 35% regional renewable energy target
This is despite the slight decline of renewables’ share in the total capacity in 2022.
High import duties stifle Bangladesh's rooftop solar growth
There is an information asymmetry within the sector.
Citicore logs 12% YoY income growth to $24.8m in 2023
This is on the back of its “strong guaranteed base lease.”
Energy demand transformation could lead to $2t in annual savings
This will also reduce energy intensity by 31%.
GIC and Sterlite Power for JV for power transmission platform in India
Sterlite will have a 51% stake, whilst GIC will hold 49% interest.
India bolsters renewable grid with energy storage systems
ESS will drive investment in India's expanding renewable grid.
Majority of energy companies to invest in employee capabilities
Talents should also be prioritised amidst technology investments.
Digital transformation boosts profits for 72% of energy sector businesses
They employ low code/no code or cybersecurity systems.
Australia launches Solar Sunshot Programme to boost solar PV manufacturing
The programme has $652.5m in funding.
RATCH Group's Australian subsidiary inks 10-year PPA with ZEN Energy
The Collector Wind Farm and Starfish Hill Wind Farm will supply electricity to ZEN Energy.
Saudi Arabia and Kazakhstan ink partnership for energy cooperation
It will cover the areas of renewables, oil, natural gas, and electricity, amongst others.
Stonepeak invests in APAC onshore energy wind platform
It will hold 80% in TerraWind Renewables.
Japan's LNG demand plummets amidst energy shift
Japan's transition towards renewable energy contributes to a significant decline in LNG consumption.
South Korea sees additional $17b in electricity costs due to fossil fuel reliance
LNG accounts for 26.8% of the country’s power mix.
Offshore wind capacity in South Korea and Japan to surpass onshore installations
However, their offshore capacity is expected to only exceed 200 MW in 2025.
South Korea's wind capacity to exceed Japan's by 2033
The country’s wind installation is expected to reach 13.1 GW.
First Gen's net income up 4% to $277m in 2023
This is despite a 7% decline in revenue.
Commentary
Offshore wind power needs Singapore’s expertise as Asia’s reliance on fossil fuels rises