article thumbnail

Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
article thumbnail

BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

Green Car Congress

Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement. trillion under the NZS.

Indonesia 195
article thumbnail

Marubeni in Coal-Fired Power Plant Push for Asia

Green Car Congress

will market energy-efficient coal-fired power plants in Asia, leveraging a bilateral emissions offset mechanism between Japan and other countries that enables Japan to receive carbon reduction credits in return for providing low-carbon technologies and equipment. Japan’s Marubeni Corp. This project is Marubeni’s tenth in Vietnam.

Asia 210
article thumbnail

Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

Green Car Congress

Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
article thumbnail

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. Additional layers of complexity and the uncertainty that brings is fostering an environment of pre-emptive underinvestment for oil and gas supply, where capital expenditure lags demand.

Price 416
article thumbnail

SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.

Green 284
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The report also highlighted supply disruptions as one of the major energy events of the year. more as natural gas was diverted to Asia.

Coal 261