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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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Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years
Utilities globally started changing the way they do business ye ...
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- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
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