Power Utility
Japan close to hitting 2030 renewables target
Japan close to hitting 2030 renewables target
The country set a 36-38% renewable energy target in 2030.
Regional grid connection can boost energy transition, economic growth
Having a 15% regional grid connection will create 870,000 jobs.
Philippines’ AboitizPower to explore 3,000MW offshore wind power
The country only has a capacity of 443MW onshore win, as of 2020.
China, US to account for 75% of global energy storage demand
Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.
Japan should consider alternative power sources to avoid supply shortage: Fitch
Natural gas holds the largest share in the country’s power mix.
ADB commissions off-grid renewable hybrid energy in Mongolia
The system is expected to supply 1,500 local residents amongst others.
Tata Power profit rises 90% YoY in Q1 FY23
This is the company’s 11th straight profit after tax YoY quarterly growth.
Philippine-based PXP Energy narrows loss in Q2
The company’s core net loss amounted to P645,000, down from P16.6m in the previous year.
New measure to improve power supply reliability in India
This includes the Reforms-based and Results-linked Revamped Distribution Sector Scheme.
APAC electricity demand to grow 3.4% in 2022
This is due to the lower economic growth and high energy prices.
Global electricity demand to slow down in 2022: report
It is expected to grow by 2.4% this year, down from the 6% rise in 2021.
What world leaders can do amidst energy crises
The GWEC outlined a five-point action plan.
East Asia, Pacific remain as hydropower ‘powerhouse’
Its total capacity reached 532GW in 2021.
Indonesia has the highest geothermal capacity under development: Fitch
Of the 41 projects under development in Asia, 26 were from Indonesia.
India may fail to reach 500GW target by 2030: report
The country needs to add more than 38GW annually to achieve the goal.
Philippines is 3rd largest geothermal market globally: Fitch
Its installed capacity is estimated at 1,928MW in 2021.
Cost-competitive renewables save $55b in global energy generation in 2022
Electricity costs from wind and solar power declined in 2021.
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1. Why bigger digesters alone won't solve Asia's renewable energy challenge 2. New MOUs power Singapore-Indonesia 3.4GW electricity trade goal 3. China drives Asia's $177b fossil fuel savings as renewables displace imports 4. Seatrium starts exporting power from floating LNG-battery lab 5. Philippines pays more for power than most Southeast Asian peersResource Center
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Why bigger digesters alone won't solve Asia's renewable energy challenge
Scaling for resilience: What Asia Pacific’s bioenergy markets can learn from each other