The Sumitomo Corporation has reported a stunning ¥26bn (US$251m) loss on its Western Australian Bluewaters coal fired power investment. The loss assures the company’s worst ever annual performance and comes as a result of international and financial pressure against coal funding.
Mobile electricity storage systems (MESS) – batteries that are charged and then transported – could offer one of the best scenarios for electrification across the vast Indonesian archipelago, which spans more than 17,000 islands. A team at the University of Indonesia is working with multiple government agencies to bring the idea to scale and provide affordable electricity to rural Indonesians.
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
A group of Deakin University researchers have won a top gong at Climate Launchpad 2020 with their innovatory sodium battery which they expect to electrify Indonesia’s enormous scooter market within three years and outcompete lithium ion batteries in the near future.
Singapore-based commercial and industrial solar developer Cleantech Solar has secured a US$75 million in green finance from ING Bank, the Asia Pacific’s largest ever C&I solar green loan. As the world’s fastest growing electricity market, South East Asia is crying out for this kind of investment.
A new report from financial think-tank Carbon Tracker has found that coal developers risk wasting more than $600 billion due to stubborn resistance to the already cheaper electricity resources provided by renewable energies worldwide. The report finds, in short, that a new coal plant is about as prudent an investment today as a Clydesdale and cart.
Abu Dhabi-based renewable energy group Masdar is sailing into the southeast Asian market with its, and Indonesia’s, first floating solar power plant. The project is to be the largest of its kind in South East Asia.
No man is an island, but solar PV can at least allow us to live on one without having to rely on the expensive logistical nightmare of diesel fuel supply. More islands around the Asia Pacific are turning to solar PV systems combined with storage to meet their needs.
Renewable energy investment in the APAC region, excluding China, will overtake spending on oil and gas exploration and production spending by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.
According to solar body the PPLSA, around 300 PV system owners have already gone off-grid as the tariff granted for surplus power under net metering was not attractive enough. Several barriers are preventing net metering taking hold, including an obligation to either use locally made equipment or pay more to re-certify imported modules and inverters.
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