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Rolls-Royce takes majority holding in power storage specialist Qinous

•       The Berlin company is to become the competence center for microgridsolutions within the group's Power Systems division •       Merger creates broad range of battery storage options for microgrids of all sizes, encouraging eco-friendly distributed power supplies •       To ...

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Asia LNG A Year of Change

2019 has been transformative for the Asia Pacific LNG market. Greater innovation, evolving business models, new structures and alternative approaches to risk management have all had a part to play in shaking up the world’s largest LNG market. KEY THEMES OF CHANGE IN 2019: More choice, more buyers Asian buyers now have far more choice over LNG supply and pricing. Previously limited (largely) to JCC or Henry ...

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Energy’s future is being shaped in Asia

A Frenchman is credited with being the first to discover the photovoltaic effect that produces electricity from sunlight. The first solar panel was built in the US. But when Abu Dhabi decided to build the world’s largest individual solar power project, they looked east for help. The country partnered with Chinese and Japanese companies to construct a facility, which opened this year, with a peak capacity of ...

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Standard Chartered pulls Coal Power Financing

STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry. Banks and investors are facing pressure from environmental groups to stop funding power projects fired by the polluting fossil fuel, seen as a major risk to globa ...

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Is Asia using more Coal?

In the United States, coal, that supervillain of fossil-fuels, is in a death spiral. But on a global scale, there’s no spiral, just an arrow pointing to Asia. Turns out coal isn’t dying; it’s moving. A report out Tuesday from the International Energy Association reveals the extent to which coal has provided the power for Asian countries like Indonesia and Vietnam as their economic growth pulls millions out ...

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RE Investments in Asia to expand

Energy demand in Asia will double ten years from now, according to the Asian Development Bank (ADB). Enhancing renewable energy usage in Asia will be vital, which investors, energy providers, and the World Green Organisation (WGO) discussed at the 2nd ESG forum organized by the Asset Events. Despite sustainability being top of the agenda for many Asian governments, corporates and investors, coal remains one ...

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The Hydrogen Spring

The contours of the energy transition have grown clearer this year. Renewable energies have grown at a record pace over the past decade, but so have carbon emissions, rising 1.5% in 2017 and 2.1% in 2018. The West and its Asian allies seem to have grasped this reality, and are now betting on a source and technology that could initiate a whole scale transformation of the global energy system: hydrogen. It is ...

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Indonesia must phase out coal to meet climate goals

Indonesia must stop building new coal-fired power plants by 2020 if it wants to do its part to cap global warming under the targets of the Paris climate agreement, new analysis shows. The country is one of the few still actively planning and constructing new plants, putting it on a trajectory to miss its climate commitments, aimed at limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) ab ...

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Can Southeast Asia Meet Growing Energy Demand?

Southeast Asia’s growth in electricity demand is among the fastest in the worldRenewable energy only meets around 15% of demandHigher temperatures are leading to an increased use of air-conditioningPeak demand for cooling systems could strain power systems The energy market in Southeast Asia is growing rapidly. Overall demand has increased by 80% since 2000, with millions of new customers gaining acces ...

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Malaysia’s TNB Doubles Net Profit

Malaysia's state-controlled electric utility, Tenaga Nasional said Wednesday its third quarter net profit more than doubled from a year earlier thanks to a sharp fall in fuel cost and increase in other operating income. Net profit for the three months ended Sep. 30 totaled 1.2 billion ringgit ($286.9 million) compared with 501 million ringgit over the same quarter last year, Tenaga said in an exchange filin ...

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