Staff Reporter

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.

The country is the second largest coal exporter after Indonesia. 

The government imposed the ban due to low stocks of coal at power plants.

This is Sembmarine’s first floating production unit.

Sanjeev Churiwala took over the role on 1 January.

The last 100MWs of the project will be commissioned this month.

The long-term contract will run for 12 years.

The ESS agreement is the largest signed to date in the country.