ASEAN quickly turning to renewable energy hub

first_img FacebookTwitterLinkedInEmailPrint分享The Asean Post: Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years. A report published by global auditing firm KPMG titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the potential for renewable energy is huge in those markets and governments are increasingly turning to solar and wind energy to address the issue.Consumers driving the green agenda forward and the entry of new funds into the ASEAN renewable energy market are two other trends identified in the report.Each of ASEAN’s 10 members have set targets for renewable energy, and technological innovations, such as better solar power efficiency and floating solar panels, mean that renewable energy is now more accessible than ever before.The establishment of RE100 in 2014 – a collaborative, global initiative uniting more than 100 influential businesses committed to 100 percent renewable energy – is a prime example of how consumers are helping to boost demand for renewable energy, especially since commerce and industry use up two thirds of the world’s electricity. Among the companies in the group include Google, Microsoft, Coca Cola and IKEA – all of which have a strong presence in ASEAN.The World Bank, Asian Development Bank (ADB) and Japan Bank for International Cooperation are leading the way in renewable energy investment in the region, which has helped to bring prices down. While prices have often been a key concern, falling costs and rising demand are now helping to push the industry forward.The Institute for Energy Economics and Financial Analysis (IEEFA) released a report in August 2018 which showed that the Philippines – where an estimated 20 million people lack constant electricity supply and 12 million have none at all –  can reduce its electricity costs to just 2.50 Philippine pesos (US$0.05) per kilowatt-hour (kWh) by installing rooftop solar. By comparison, diesel costs 15 Philippine pesos (US$0.28) per kWh and coal costs 3.8 Philippine pesos (US$0.07) per kWh.“Solar, wind, run-of-river hydro, geothermal, biogas, and storage are competitive, viable domestic options that can be combined to create a cheaper, more diverse and secure energy system,” said Sara Jane Ahmed, an IEEFA energy finance analyst and the author of the report.With its huge potential in renewable energy, ASEAN can be the new hub for renewable energy deployment, innovation and investments.More: ASEAN quickly turning to renewable energy hub ASEAN quickly turning to renewable energy hublast_img read more

Neesham Gives Reigning Champions Trinbago Knight Riders Winning Start in CPL

first_imgPORT OF SPAIN, Trinidad, CMC – Two-time reigning champions Trinbago Knight Riders made a successful start to the defense of their Caribbean Premier League title on Wednesday night, when they beat St Kitts and Nevis Patriots by 11 runs at Queen’s Park Oval.Slumping on 20 for three in the fourth over after being sent in, TKR recovered to reach 152 for seven off their 20 overs, thanks to captain Kieron Pollard’s top score of 47 and 33 apiece from Denesh Ramdin and New Zealander Jimmy Neesham.In reply, Patriots looked in the hunt at 70 for one but seamer Neesham (3-18) and Pakistani new-ball pacer Mohammad Hasnain (3-36) snatched three wickets each to restrict them to 141 all out with two balls left.TKR looked in early trouble when left-arm seamer Sheldon Cottrell (3-13) removed Sunil Narine’s middle stump without scoring with the fifth ball of the match, and then also shattered Tion Webster’s stumps in his next over for six with 11 runs on the board.And when Lendl Simmons played on to fast bowler Alzarri Joseph for 11, Patriots boasted all the momentum.However, the recovery started through Neeshan and Ramdin who put on 60 for the fourth, before Ramdin added a further 54 for the fifth wicket with Pollard.Neesham lashed three fours and a six off 30 balls before holing out to long-off off pacer Rayad Emrit in the 12th over and Ramdin’s innings was ended when he skied Cottrell to deep square, after hitting a four and two sixes off 32 deliveries.Pollard, in at number six, slammed four fours and three sixes in a 32-ball knock, as his side gathered 51 runs from the last five overs.He was out to the fourth ball of the final over, caught at cover off Emrit who finished with three for 39.Patriots were then given a handy start when left-hander Evin Lewis (36) and fellow Trinidadian Kjorn Ottley (25) posted 47 off 44 balls for the first wicket.Neesham had Ottley caught and bowled in the eighth over but Lewis, who belted two fours and three sixes in a 27-ball stay, added a further 23 for the second wicket.Once Lewis picked out Neesham at long-off with left-arm spinner Khary Pierre in the 11th over, the Patriots innings unraveled as four wickets tumbling for six runs in the space of 17 deliveries.Tottering on 76 for five in the 14th over, Patriots were given a glimmer of hope when Fabian Allen smashed four sixes in a 14-ball 30, in a 36-run sixth-wicket stand with Usama Mir whose 24 came from just 10 balls and contained a pair of fours and sixes.The game was still open with 21 required from the last two overs but Hasnain conceded just eight from the penultimate over before Man-of-the-Match Neesham grabbed two wickets in the last, to seal the result for TKR.last_img read more