As the need to shift to more sustainable forms of energy becomes more pronounced due to climate change, insurance will be crucial in helping Asian nations in achieving the transition to renewable energy, according to a report by Willis Towers Watson. In its inaugural ‘Renewable Energy Market Review for 2020’ report, the global consultancy and brokerage identified several realities that the insurance industr ...

The multinational conglomerate General Electric employed FPT Global to supply experienced electrical and mechanical technicians for the 38 unit Tsugaru Wind Farm located in Aomori, Japan. The main scope of work consisted of clearing punch lists and assisting in accelerating the current rate of mechanical completion handover(s) by pre-inspecting the wind turbine towers. A key focus on this project was placed ...

Almost 627GW of new wind capacity is expected to be installed by 2028, according to analysis by Navigant Research. The 'Global Wind Energy Overview' report said the new capacity represents a market worth of more than $92bn in 2019 and over $1 trillion during the period. Navigant said installations were flat from 2017 to 2018, but “behind the flat figures are profound shifts throughout global wind power mark ...

Could Singapore run without fossil fuels? Possibly. The government is thinking about it because of global trends, although getting to that future quickly will disrupt the current economic structure and affect jobs. Minister of Trade and Industry Chan Chun Sing said on Monday that the country was certainly thinking of a post fossil fuel future, but outlined Singapore’s limitations to “solving the energy puzz ...

Enel Green Power set a new record in 2019 within the renewable energy industry by building more than 3GW of capacity. Enel built around 190MW more renewable energy capacity in 2019 than in 2018, a 6.5% increase. The milestone makes Enel the largest private renewable energy player at global level Enel built 47 facilities of which the majority were wind (1,813 MW) and then solar (1,193 MW).  Around 1,072 ...

Global offshore wind giant Ørsted said that Matthias Bausenwein, President of Ørsted Asia Pacific, has been appointed to the new role as Head of the Asia Pacific Region (APAC), based in Taipei. He will continue to lead the regional activities but in a now strengthened setup, holding end-to-end responsibility for the offshore wind business in Asia-Pacific. Furthermore, Christy Wang, until now Head of Regulat ...

 The Japanese government and a unit of Mitsubishi Heavy Industries are working together on an offshore wind power project being planned in Taiwan. Japan's three megabanks will extend loans for a contract under which MHI Vestas Offshore Wind, a joint venture between Mitsubishi Heavy and Danish wind power giant Vestas Wind Systems, will export wind turbines. Japanese government-affiliated Nippon Export and In ...

Since October 2018, GWEC has been actively following and engaging with the industry and government, specifically in regards to the Taiwan offshore wind power Feed in Tariff (FiT).  The Taiwanese government has been extraordinary in planning and supporting the success of Taiwan’s offshore sector in merely two years. Taiwan is by far the most open offshore wind turbines markets in Asia, and has emerged a ...

Vestas has developed a customised solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC. Vestas will supervise the installation of the turbines in shallow waters close to shore in the Mekong Delta region to exploit the full potential of the region’s favorable wind conditions. The company will work closely with the customer in order to ove ...

Kazakhstan's Zhanatas wind power plant, the largest of its kind in Central Asia, will get loans of 46.7 million U.S. dollars from the Asian Infrastructure Investment Bank (AIIB). The 100 megawatt wind power plant, located in south Kazakhstan's Zhambyl Region, is the first project funded by the AIIB in Kazakhstan. Upon completion, it will deliver electricity of approximately 319 GWh per year, according to a ...