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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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Friday, 18 September 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
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- Latin American Coal - Colombia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- White Energy Company Limited
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
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