AGP Executive Report
Last update: 10 hours agoHormuz Supply: LNG tanker traffic through the Strait of Hormuz rose to 31 vessels in October, its highest level since the conflict began, up from 23 in September. Japan’s Inpex says it remains committed to Middle East oil despite shipping disruption, underscoring Asia’s exposure to the route. India’s Storage Push: NTPC Green Energy has invited bids for battery systems for 10 GW/40 GWh of projects, a major test of the country’s ability to add storage alongside renewables. Clean Energy Investment: Octopus Energy launched a $600 million Asia fund, with its first investment supporting a Philippine developer’s plans for 450 MW of solar and 350 MWh of batteries. Malaysia’s AI Buildout: SoftBank, Grab and Petros plan to seed AI infrastructure with $1.85 billion, targeting at least 5 GW of computing capacity across Malaysia. Renewables Outlook: China’s renewable power capacity has reached 60.1% of its total, while the IEA sees India’s renewable capacity reaching 530 GW by 2030, with solar driving most growth.
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