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Shippers experiment with wind, battery power to navigate tough new rules to combat their role in global warming

Shipping companies in Europe and Japan are looking to their past – the wind and the sun – as they anticipate new regulations designed to reduce greenhouse gas emissions.The shipping industry is estimated to account for three per cent of all greenhouse gas emissions. What was once considered a very dirty business is beginning to imagine a much cleaner future. In April 2018, the IMO adopted targets to reduce greenhouse gas emissions in the shipping industry by at least 50 per cent in 2050… Source link

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Vietnam 

Work begins on two wind power plants in Quảng Trị – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Delegates attend to the groundbreaking ceremony for two wind power plants in Quảng Trị. — VNA/VNS Photo QUẢNG TRỊ — Construction on two wind power plants with a combined value of more than VNĐ2.31 trillion (US$104 million) began in Hướng Hóa District, Quảng Trị Province on Thursday.  Financed by Gelex Energy Ltd Co under the Vietnam Electrical Equipment Joint Stock Corporation, the plants have a total capacity of 50MW.   The Hướng Phùng 2 plant, valued at more than VNĐ932 billion, has a designed capacity of 20MW with six turbines. Meanwhile, the Hướng Phùng 3 plant…

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Vietnam 

Việt Nam must remove regulatory challenges to encourage wind energy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Mũi Dinh Wind Energy Plant in the southern central province of Ninh Thuận came into operation in April, 2019. Investors have several challenges to face when joining the field. VNA/VNS Photo Công Thử HÀ NỘI Việt Nam has to cope with regulatory challenges to attract investors and accelerate the development of wind power projects in the long term, experts recommended yesterday at the Việt Nam Wind Power conference hosted by the Global Wind Energy Council (GWEC) in Hà Nội. According to the latest GWEC report entitled South East Asia Market…

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Vietnam 

Ninh Thuận builds more solar, wind projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    HCM CITY — The central province of Ninh Thuận aims to become the renewable-energy centre of the country, with assistance from the central government’s preferential policies.   Bùi Nhật Quang, vice chairman of the Việt Nam Academy of Social Sciences, said the development of renewable energy such as wind and solar energy has become a necessity in a time of depleting natural resources such as fossil fuels. Quang spoke at a conference on renewable energy held in the province last Friday.  Experts noted that the province should be careful about building too many…

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China to end government subsidies for onshore wind power generation projects by 2021, state planning agency says

China will end subsidies for new onshore wind power projects at the start of 2021, with renewable projects set to compete on an equal footing with coal- and gas-fired electricity, the country’s state planning agency said on Friday.The move is a milestone for the renewable energy sector, which has traditionally relied on subsidies and other preferential policies to encourage developers to build plants.China pays a relatively high tariff per kilowatt hour (kWh) of electricity produced by wind or… Source link

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Vietnam 

VNĐ5.2 trillion to be invested in wind power in Quảng Trị Province – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A wind power farm in Hướng Hóa District, Quảng Trị Province. – Photo baotainguyenmoitruong.vn Viet Nam News HÀ NỘI — Quảng Trị Province People’s Committee gave its approval to two companies to develop wind power projects worth a total of VNĐ5.2 trillion (US$221.2 million) in the central province. Hướng Phùng Wind Power Company Limited will be allowed to develop Hướng Phùng 3 Wind Power Plant with a designed capacity of 30MW and a total investment of more than VNĐ1.58 trillion. Covering nearly nine hectares in Hướng Phùng Commune,…

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Singapore 

UOB responds to photo of man wearing poster about his savings allegedly ‘gone with the wind’, Singapore News

UOB is aware of a circulated photo that shows a man wearing a poster about his savings and has met with him to understand his concerns, the bank told Stomp in response to queries. Several Stomp contributors alerted Stomp to the photo, which was posted on Everyday SG’s Facebook page on Sunday (Feb 10). In the photo, a man can be seen wearing a poster alleging that $250,000 from his Central Provident Fund (CPF) and retirement fund is now “less than $11,200”. “$238,000.00 gone with the wind,” said the poster. It…

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Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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Vietnam 

VN has great potential for wind power development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — A project called “Support to the Up-Scaling of Wind Power in Việt Nam” has played an important role in promoting wind power investments in Việt Nam. Martin Hoppe, head of Economic Cooperation and Development for the German Embassy, spoke on the project at its closing ceremony in Hà Nội on Friday. German development co-operation on wind power in Việt Nam started in 2009, with the first wind tariff being issued by the Government in 2011. Given the success of this co-operation,…

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China explores use of foreign expertise to speed up deep-sea wind power development

China is poised to overtake Germany and the UK as the world’s largest offshore wind power producer by 2022, but it needs foreign know-how to cut costs and boost competitiveness, according to the head of Global Wind Energy Council. “We think the best way for China to achieve that is to have foreign participation to enable the transfer of best practices in the European market,” said chief executive Ben Blackwell in an interview. Cost reduction is crucial to the nascent industry segment’s growth because from January 1, all large-scale wind…

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