RWE, Europe's third-largest renewables player, does not expect large deals in the sector in the next few years, its chief executive told journalists on Thursday after presenting first-half results.
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for the commodity producers, the rally is a longer-term boon to their main rival, renewable energy.
China has sent officials to inspect coal inventories and crack down on illicit hoarding at ports, following a surge of physical coal prices and tight supplies in the market ahead of the peak consumption season.
Japan's biggest oil refiner Eneos Holdings and trading house Sojitz Corp said on Thursday they will build a 204 megawatts (MW) solar power farm in Queensland, Australia.