Power Utility

Tata Power to install smart metres for all Mumbai customers by FY25

The company has already deployed smart metres to 75,000 customers.

Azure Power appoints acting CEO

Harsh Shah stepped down as the CEO effective immediately.

LNG investments to reach $42b annually in 2024: report

This is 20 times the investments seen in 2020 which amounted to $2b. 

New 72MW solar farm in the Philippines starts operation

The project was developed by ACEN and Citicore. 

Australian energy crisis gives rise to new gas supply need

Energy prices rose 400% up to AU$40 per gigajoule. 

Will China’s coal push delay its dual carbon targets

Government data showed China’s coal production grew 11% in H1 2022. 

India could raise RE capacity by about 24GW with wind energy

As of March 2022, 37.7% of its cumulative installed capacity was wind. 

Indonesia’s royalty scheme to drive new coal investment away: report

The government will impose a 28% rate when the coal benchmark price goes over $100/tonne.

Southeast Asia faces uphill battle in CCUS deployment without carbon pricing

It is unlikely that the carbon price in the region could reach $40 per tonne of carbon dioxide.

India RE open access capacity climbs by 1.9GW in 2022: report

The market size is estimated to have grown to 10GW in 2022.

Japan close to hitting 2030 renewables target

The country set a 36-38% renewable energy target in 2030. 

Regional grid connection can boost energy transition, economic growth

Having a 15% regional grid connection will create 870,000 jobs.

Philippines’ AboitizPower to explore 3,000MW offshore wind power

The country only has a capacity of 443MW onshore win, as of 2020.

China, US to account for 75% of global energy storage demand

Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031. 

Japan should consider alternative power sources to avoid supply shortage: Fitch

Natural gas holds the largest share in the country’s power mix.

ADB commissions off-grid renewable hybrid energy in Mongolia

The system is expected to supply 1,500 local residents amongst others.