From Commodore's Weekly Dry Bulk Reports

India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal to address surging power demand.

A rise in European wholesale gas prices over the past several months could encourage more utilities to switch to coal for electricity generation this coming winter, even as countries try to push the carbon-intense fuel out of the power mix.

Vietnam's coal imports reached an all-time high in the first half of this year despite an on-year drop in seaborne receipts in June from a relatively high base last year.

China's state planner unveiled details on Tuesday of a three-year plan to upgrade the power system as the country seeks to ramp up renewables and ease the strain of rising power demand on the national grid.

Shares of Consol Energy Inc. and Arch Resources Inc. rallied Wednesday after the two coal producers announced plans to merge in an all-stock deal valued at about $5 billion.

Coal is set to remain China's dominant source of electricity supply despite record production of hydropower and solar energy

Coal India Ltd. is planning to invest about 670 billion rupees ($8 billion) to build coal-fired power plants close to its mines, signaling the fast-growing economy will remain reliant on the fossil fuel for decades to come.