Electricity demand dips, renewable energy gains momentum
KUALA LUMPUR: The fallout from Covid-19 has a significant impact on electricity consumption trends in Malaysia and elsewhere as movement restrictions to stop the spread of the virus have led to sudden change of socioeconomic habits such as commuting, working and playing.
China and Japan ‘risk missing’ $205bn ASEAN renewables opportunity
TOKYO — The prospects for keeping global temperatures in check seemed to be brightening as more than 70 heads of state gathered virtually over the weekend to mark the fifth anniversary of the Paris climate accord.
TNB says coal-fired power plant revenue will not exceed 20% by 2030 on cleaner-energy transition
KUALA LUMPUR (Dec 15): Tenaga Nasional Bhd (TNB) said its major coal-fired power plants’ power purchase agreements are expiring “with no like-to-like replacement” and that the government-controlled utility’s coal-fired power plant revenue contribution will not exceed 20% of total group revenue by 2030 in line with the company’s transition to cleaner and sustainable energy.
SEC approves AC Energy’s stock rights offering
The Securities and Exchange Commission (SEC) has confirmed AC Energy’s stock rights offering (SRO) slated for next year.
Export questions to persist under Biden
Although the Biden administration is expected to reestablish the US’s multilateral trade framework, underlying challenges for Thai exports still remain as carbon emissions, labour rights and trade pact conditions are critical issues affecting growth prospects, says a think tank.
Sharp Energy Solutions completes 50MW solar project in Vietnam
Sharp Energy Solutions has finalised its latest PV project in Vietnam, taking its total installed solar capacity in the country to 340MWdc. Located in Binh Dinh province, the 50MWdc installation will have a power generation capacity of 82,506MWh/year.
US to help Vietnam develop clean energy
The U.S.’s official aid agency has signed an agreement with national utility Vietnam Electricity (EVN) for rooftop solar power generation.
PEA granted 30% of EEC power provision via quota
Provincial Electricity Authority (PEA), the state power distribution arm, has announced it was given a quota to produce 30% of total power capacity in the Eastern Economic Corridor (EEC) until 2037 under the PEA’s renewable power generation development plan.
