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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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Benchmark: battery supply chain hit by Chinese energy cuts

Green Car Congress

Benchmark Minerals reports that China’s ongoing energy shortage, which has seen local governments enforce intermittent power cuts since July 2021, has begun to affect domestic anode and cathode production as several producers were forced to scale back production in late Q3.

Mongolia 186
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Tesla Megapack Factory in China to start construction 

Teslarati

Tesla’s Megapack Factory in China is ready to start construction this month. Tesla Giga Shanghai’s resident drone operator, WuWa, recently provided an update on the company’s Megapack Factory in China. Tesla’s earliest desired delivery date for Megapacks made in China is Q1 2025.

China 145
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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

Green Car Congress

Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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HummingbirdEV tech powers Keshi Group electric mining vehicles in China – Charged EVs

Baua Electric

US-based vehicle electrification system supplier HummingbirdEV has provided 393 electric mining vehicles powered by its EV technologies under a licensing agreement with Keshi Group, a China-based manufacturer of coal mining vehicles and equipment. They are now in operation in Chinese mines.

China 52
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

Green Car Congress

In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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GE and Shenhua open coal gasification joint venture in China

Green Car Congress

a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. GBI report: Asia-Pacific to be the leading coal-producing region. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand.

Coal 199