Page 12 - AsiaElec Week 17 2021

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COAL power generation,” Kiyoshi Takeuchi, a the investment in renewable energy over fossil
director in Kyoto City’s environmental fuel. But our priority is also energy efficiency.”
Japan cancels its last coal policy department, told Reuters by phone on
Tuesday.
power plant project 0.5% in Kansai Electric, gave its name to SOL AR
The city, which owns a stake of just under
Kansai Electric Power Co. and Marubeni the world’s first major attempt to cut carbon
Corp have scrapped plans for a coal-fired emissions, the 1997 Kyoto Protocol. Clime Capital backs 500-
power plant, leaving the country with “We have not confirmed the proposal but,
no new construction on the horizon as upon receipt, we will review its contents,” a MWp Vietnamese floating
companies drop the dirty fuel amid tighter Kansai Electric spokesman said.
emissions rules and strong growth outlook for PV project with storage
renewables, Bloomberg reported.
Kansai Electric Power Co. and Marubeni Clime Capital Management Pte Ltd, through
Corp said they would not move forward with SOL AR the South East Asia Clean Energy Facility
a 1.3 gigawatt coal power project in Akita (SEACEF), has invested in the development of
prefecture that was slated to begin operation, Thailand, China to build a 500-MWp floating solar project in Vietnam
in 2024, a unit of Kansai Electric said. that will be coupled with an up to 200-MWh
The firms decided to cancel the project due floating solar power facility battery storage system.
to the government’s tighter environmental The Singapore-based investment manager
rules and banks curbing financing for carbon- in Ratchathani announced the move on Monday, without
intensive projects, the Nikkei reported ahead disclosing the exact size of its investment.
of the announcement. The companies are Thailand and China are to build the first-scale The project in question is located in Dong
considering building a cleaner biomass facility floating solar power facility. Also, located in Nai Province and is being developed by
instead, the Nikkei said. Ubon Ratchathani, a territory in the country’s Blueleaf Energy, another company based in
While there are still several coal projects northeastern Isan region in Thailand. Singapore, with over 500 MW of realised solar
currently under construction, Japan has no The project’s initiation is running projects in the Asia-Pacific region and 2 GW
plans for additional new plants, according to successfully with the government’s scheme globally.
BloombergNEF. A 1.2 gigawatt coal project to generate electricity through renewable “Vietnam’s Power Development Plan for
in Yamaguchi prefecture was also canned energy. This includes the aim to lessen the 2021 to 2030 may include significant thermal
earlier this month as electricity demand was dependency on power production through power capacities to address an impending
expected to remain flat, while renewable fossil fuel, according to the current Power power shortage as economic growth drives
energy expands. Development Plan of Thailand. electrical demand. We believe advanced
The hybrid hydro-floating solar for technologies like solar and storage peaking
Sirindhorn Dam and the solar power plant plants can help address Vietnam’s power
produces electricity through sunlight during shortage issues in a cost-effective sustainable
COAL the day and controlling the output by the manner,” commented Mason Wallick, CEO of
Energy Manage System (EMS), it will help Clime Capital.
Kansai Electric faces to increase the country’s entire power supply
with renewable energy.
shareholder call for coal panels are being installed. This covers 121 WIND
Provided that, over 1,44,000 units of Solar
exit hectares of water area.
Furthermore, the state-run Electricity
Kansai Electric Power, Japan’s second-biggest Generation Authority of Thailand spoke about Vestas leads funding for
provider of electricity sourced from fossil the project. Says that this project is one of 420 MW of Australian wind
fuels, is being targeted by a shareholder the world’s largest Hybrid hydro-solar power
resolution aimed at pushing the utility to cut ventures. And there is a plan to build the projects
coal use, as governments and companies move projects like this at eight more dams in the
towards decarbonisation, Reuters reported. next 16 years. Vestas Wind Systems has facilitated a payment
The Kyoto City government will submit a “When all the projects are completed in deferral facility deal worth AUD415mn
shareholder proposal to Kansai Electric to be every dam, we will have the total capacity to ($323.3mn) to back three Aussie wind projects
voted on at its annual shareholders meeting generate 2,275 megawatts,” stated Project head of Global Power Generation (GPC) totalling
in June, calling on it to stop building new coal Chanin Saleechan. more than 420 MW.
plants and to use carbon capture and storage Through this hydro-solar power The innovative financing structure will
for its existing coal plants, a city official told generation, the power will be shifted to solar improve GPG’s project returns on the 97-MW
Reuters. and hydropower. Furthermore, depending on Hawkesdale, 218-MW Ryan Corner and
Activist shareholders are increasingly which can produce more electricity, a hybrid 107-MW Berrybank Stage-2 wind farms in
turning their attention to Japanese companies, system allows continuous power generation. Victoria, Vestas said on Monday. According to
using tactics that were once rare and easily Chanin further said, the Danish company, the transaction was the
rebuffed but have helped to force corporate “The issue here is, there is a high level “largest known” payment deferral facility for a
and financial change in the United States and of electricity reserves, so the investment renewable energy project.
Europe. on this green energy is being done without Spain’s Banco Santander, Deutsche Bank
“We want Kansai Electric to quickly considering the demand.” AG, Denmark’s Export Credit Agency
proceed with the decarbonisation of its He further added, “Of course we support EKF and China Export & Credit Insurance

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