Staff Reporter

About 44.6% of surveyed firms in Asia said so.

A 25% rate on solar cells and 40% on solar modules will be introduced by April.

24.6% cited it as the most challenging issue in the electric industry, a drop from 37.1% in 2020.

Around 35% said renewable integration is the top challenge for the industry. 

Meanwhile, 51.4% believe that the answer is in retiring fossil-fuel generation. 

43.9% agree that policy debates serve as a hurdle in grid operations.

It is projected to reach 1,431TWh by year-end from 1,271TWh in 2020.

Fossil fuel power-generation projects will be excluded from its green financing scheme.

This is in aid of South Korea’s target of a 20% reduction in emissions by 2030.

Funding round applications will open in February. 

The project can generate 1.9GWh electricity annually when completed.

The average cost of producing solar and onshore wind rose by 9% and 2%, respectively.

CLP Power Hong Kong Limited (“CLP Power”) has won five top prizes in the Asian Power Awards 2021, known as the Oscars of the Asia-Pacific energy industry. The  awards were presented for two environmentally-sensitive infrastructure projects in Hong Kong – the new gas-fired generation unit D1 (Unit D1) at Black Point Power Station, and the Ma Sik Road 132 kV substation in Fanling. ​

It will remain as the largest geothermal market, according to Fitch Solutions.

It will re-evaluate the reopening of the coal export on Wednesday.

A new administration could reverse policies that reduce reliance on nuclear.