Charlotte Hugman, Climate & Energy Benchmark Research Analyst at the World Benchmarking Alliance, ponders if Asia can be the world’s first region to achieve energy transformation for all. When a national economy cannot largely detach itself from heavily polluting industries, it can be significantly more challenging to decarbonise. Asia is one such region where the energy question remains highly complex and delicate...But, if done right, it is an opportunity for Asia to become the model for global decarbonisation and energy transformation.
Western Australian headquartered blockchain cryptocurrency and energy trading platform Power Ledger has signed a deal to establish a digital energy trading business in Thailand, in partnership with Thai Digital Energy Development (TDED). Under the partnership Power Ledger and TDED - a subsidiary of Thailand's Provincial Electricity Authority (PEA) and renewable power company BCPG Group - will jointly create a blockchain-based digital energy business developing peer-to-peer energy trading and environmental commodity trading solutions in Thailand.
The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority are working together on input for a roadmap for offshore wind power development in the south-east Asian country that has estimated potential for 160 GW. The report aims to help the Vietnamese government take steps to streamline the development process for wind farm projects. The efforts were discussed at a webinar organised by DEA and the Vietnamese authorities today, which included participants from the Vietnamese Ministry of Industry and Trade, Electricity and Renewable Energy Authority and representatives from Vietnam’s four coastal provinces.
Myanmar is rushing ahead with a major solar power initiative amid the Covid-19 pandemic, giving potential investors just a month to submit bids and raising questions about the tender’s intent and viability. The Ministry of Electricity and Energy published a notice on its official Facebook page dated May 18 inviting companies to submit pre-qualifying bids to construct solar energy plants on a 20-year concession basis. The ministry will buy power from 30 “designated connection points” on a build-operate-own basis, according to the announcement.
In the midst of a pandemic that’s shaken energy markets to the core and threatens to send the global economy into a depression, renewable energy is holding steady. In the apt words of the world’s premiere advisory body and data source for energy, renewables remain ‘resilient.’ The International Energy Agency (IEA), in its Global Energy Review 2020, provides a snapshot of energy demand for all major fuels this year, as well as CO2 emissions. The flagship report, released late last month, follows the ‘Global Energy and CO2 Status Reports’ of 2017 and 2018...The IEA asserts that renewable energy projects will be more solid financially than others post-crisis.
The Asian Development Bank (ADB) has signed a loan deal for its first wind energy-plus-battery storage project in Thailand, which is also the country’s first private sector initiative to combine the two technologies at scale. The ADB told Energy-Storage.news this morning that it will lend THB235.55 million (US$7.2 million) for the construction of the Southern Thailand Wind Power and Battery Energy Storage Project, has added an “integrated” 1.88MWh battery energy storage system (BESS) to an existing 10MW wind turbine power plant. The addition of the BESS is being considered a pilot scheme that could go on to be replicated and scaled-up elsewhere in Southeast Asia.
The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law. The MoIT was responding after concerns were raised that many solar power projects initially assigned to Vietnamese investors were being transferred to foreign investors. Hoàng Tiến Dũng, director of the MoIT’s Electricity and Renewable Energy Authority, said: “The existing regulations allow the transfer of projects to eligible foreign investors. Transferring projects and changing shareholders need the approval of the Ministry of Planning and Investment or the Department of Planning and Investment depending on project scale."
As the coronavirus COVID-19 gains ground in the world’s poorest regions, it will hit the most vulnerable the hardest by adding an unprecedented health and economic crisis to existing poverty and climate crises. This multifaceted crisis will keep adding pressure to fragile communities. It calls for a comprehensive and collaborative response. And at the root of it is clean energy; essential to help countries prepare, respond, and recover from COVID-19 crisis. Clean energy can provide affordable solutions that are in line with climate targets and can help mitigate the effects of the COVID-19 crisis on people’s livelihoods and local economies.