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Asia Pacific
March 15, 2023
China likely to triple its target for renewables, says Goldman Sachs
China is likely to install nearly three times more wind turbines and solar panels by 2030 than its current target, helping shift the world's largest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.
March 13, 2023China’s rooftops could host solar capacity almost the size of global total
China’s buildings and rooftops have potential to host more than 1,000 GW of solar power capacity — almost the same size as the entire existing global industry, according to the sector’s largest manufacturer.
March 08, 2023Japan promises financial assistance to help ASEAN decarbonise
Japan pledged financial and technological assistance on Saturday to ASEAN countries in their efforts to decarbonize their economies and address climate change.
March 02, 2023China approves record number of new coal-fired power plant in 2022
China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.
February 23, 2023Australia must accelerate renewables deployment to avoid power shortage
Blackouts could hit eastern Australia by the middle of this decade if renewable energy projects are not scaled up as the country rapidly shifts away from its reliance on coal-fired power plants, the energy market operator said on Tuesday.
February 22, 2023Europe may face tighter energy shortage next winter, IEA's head warns
Fatih Birol, head of the International Energy Agency (IEA), has warned of potential energy shortages next winter due to a lack of new liquefied natural gas (LNG) entering the market, while China's appetite is set to rise this year.
February 21, 2023Oil-rich Guyana eyes carbon offset as lucrative revenue stream
Guyana, which has pioneered offshore oil exploration, is leveraging its inland forests to access carbon markets, a business that the government sees as more profitable than mining or agriculture, Vice President Bharrat Jagdeo said.
February 18, 2023Australian solar firm Vast merges with Nabors SPAC
Australian renewable energy firm Vast Solar has agreed to merge with a special purpose acquisition company (SPAC) backed by Nabors Industries (NBR.N) in a transaction valued at $586 million.
February 18, 2023China's CNPC set to strike 30-year LNG deal with Qatar
China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of t
February 13, 2023Switzerland’s solar dam helps fill winter energy gaps
Swiss energy firm Axpo has built a snaking wall of solar panels on Switzerland's longest dam to maximize green energy generation throughout the winter months.