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Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
 Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, which will more than double between 2020 and 2029 to a capacity exceeding 1,500GW, Fitch Solutions forecast.
As markets recover gradually, the analyst sees an acceleration of growth over the coming years, also as several countries have made carbon neutrality pledges, among them China, Japan, South Korea or New Zealand. “For example, South Korea has established a Green New Deal similar to that of Europe, and will look to invest 73.4 trillion south Korean won ($67.41bn) over the next five years to expand its renewable energy capacity, green mobility industry (electric vehicles and hydrogen fuel cell vehicles) and the development of ‘smart green cities’,” Fitch said.
Solar is seen remaining the key growth driver in renewables, given its rapidly-falling component costs, led by China, which is expected to remain the largest individual market for solar growth, adding more than 263GW over the coming decade, followed by India and Japan, who are seen adding about 78GW and 35GW of net solar capacity.
Another key bright spot in the region is offshore wind, according to Fitch Solutions.
Taiwan remains one of the largest markets for wind at sea worldwide. The country has nearly 11.2GW of offshore wind capacity in the project pipeline at present, according to the analysts’ key projects database.
Fitch Solutions also expects several proposed policies to boost the development of wind at sea in Vietnam, with the market growing from its current base of 750MW of connected capacity to over 7GW by 2029. The government is in the process of amending seabed lease and licensing requirements for large-scale offshore wind farms.
- Bernd Radowitz | Fitch Solutions
Source: IEEFA
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Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
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- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Australian Coal Association
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
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