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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- VISA Power Limited - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Australian Coal Association
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
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