Staff Reporter
Adaro Energy core earnings up 11% YoY to $538m in Q1
Adaro Energy core earnings up 11% YoY to $538m in Q1
Its net revenue increased by 50% reaching around $1.8b.
Tata Power profit rises 77% YoY in FY23
All its business clusters showed robust growth during the period.
New NSW 150MW/300MWh battery system completes construction
It can provide power to 240,000 homes.
JERA, PTT ink MOU for hydrogen and ammonia supply chain dev’t
This will boost Thailand’s decarbonisation efforts.
Philippines awards six contracts for large-scale floating solar
The 610.6 MW solar projects will be installed at Laguna Lake.
Australia allocates $1.4b for hydrogen development
The funding will also cut the cost of green hydrogen production.
EGAT accelerates Hydro-floating Solar Hybrid expansion
It is also studying eco-friendly electricity generation technology.
ACEN, AMI Renewables to develop Vietnam’s first grid-connected battery energy storage
The BESS will have a capacity of 7.5MWh.
Cladtek clinches win at Asian Oil & Gas Awards for ESG initiatives
Their focus on ESG improved stakeholder relationships, strengthened competitive advantage, and promoted growth.
Azure Power names new CEO
He will assume the position on 10 July 2023.
Japan, France strengthen nuclear cooperation
They will push for discussions on policy measures and cooperation on technological development.
Azuma Kogen Wind Farm in Fukushima Prefecture goes online
It can meet the demand of 15,300 average households annually.
South Korea, US to reinforce clean energy partnership
The cooperation prioritises policies and planning, and technologies, amongst others.
Philippines’ First Gen posts 52% net income growth
Its attributable recurring net income stood at US$89m.
JERA, Summit partner to develop energy supply chain in Bangladesh
The MoU was valued at US$2b.
Coal divestment of global financial institutions double in three years
Whilst European FIs are leading coal divestments, FIs from Asia are also rapidly increasing.
Thermal plants remain significant to Philippines’ energy security, AboitizPower says
This comes amidst peak energy demand during the summer.
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
Commentary
Supply chain efficiency, skilled manpower are key for India’s renewable energy