Staff Reporter
Tata Power to install smart metres for all Mumbai customers by FY25
The company has already deployed smart metres to 75,000 customers.
Azure Power appoints acting CEO
Harsh Shah stepped down as the CEO effective immediately.
Global CCS think tank sets foot in Middle East
Its new headquarters is located in Masdar City in Abu Dhabi, UAE.
LNG investments to reach $42b annually in 2024: report
This is 20 times the investments seen in 2020 which amounted to $2b.
Global gov’t support for fossil fuels almost doubled to $697.2b in 2021
Consumption subsidies for fossil fuels will increase more this year.
EMA, SP Group to test ice thermal energy storage system
This will address the supply intermittency of solar power.
New 72MW solar farm in the Philippines starts operation
The project was developed by ACEN and Citicore.
Australian energy crisis gives rise to new gas supply need
Energy prices rose 400% up to AU$40 per gigajoule.
TNB, PETRONAS to explore hydrogen, carbon capture
The companies seek to unlock at least RM10b in commercial value up to 2035.
Will China’s coal push delay its dual carbon targets
Government data showed China’s coal production grew 11% in H1 2022.
India could raise RE capacity by about 24GW with wind energy
As of March 2022, 37.7% of its cumulative installed capacity was wind.
Queensland’s largest energy storage system starts operation
It has a 100MW of capacity.
Indonesia’s royalty scheme to drive new coal investment away: report
The government will impose a 28% rate when the coal benchmark price goes over $100/tonne.
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.
Coal companies' cash balance could fund Indonesia’s green transition
The combined cash balance amounted to $6.8b in the first quarter.
TP Renewable, SIDBI partner to set up 1,000 green energy enterprises in India
This is meant to promote sustainable rural entrepreneurship.
Thought Leadership Centre
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1. Middle East conflict deals $25b blow to energy infrastructure 2. RATCH Group’s Nava Nakorn expansion starts commercial operations 3. APAC dominates turbine market as OECD curbs coal installs 4. Malaysia consortium clinches $486m deal to build floating solar plant 5. Strait of Hormuz disruptions sink energy transits by 95%, report saysResource Center
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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