Archive for September, 2017

More News and Commentary

IEEFA Update: Puerto Rico Bankruptcy Court Weighs a Motion to Turn Back the Clock on Electricity System Reform in Puerto Rico

A Sudden New Move by the Status Quo to Thwart Development of a More Resilient Grid

Still horrifically crippled by Hurricanes Irma and Maria, Puerto Rico is now facing a fresh indignity: Its long-simmering fiscal crisis is being used in a quiet attempt to weaken sound utility regulation and to stifle the island’s nascent shift to solar energy. Something resembling a bureaucratic coup is occurring within the context of a larger […]

September 29, 2017 Read More →

IEEFA Guest Post: China’s Renewable Energy Revolution

China Is Taking the Lead in Cutting Edge Energy Technology and Increasing Its Share of Global Energy Demand

Jiang Kejun is senior researcher at the Energy Research Institute of China’s National Development and Reform Commission.  Jonathan Woetzel is a McKinsey senior partner, a director of the McKinsey Global Institute, and co-author of No Ordinary Disruption: The Four Global Forces Breaking All the Trends. 20 September 2017 – At the start of 2017, China announced […]

IEEFA Update: The Puerto Rican Solar Elephant in the Room

‘New Interest in Ways of Shifting Island Power Grids Toward Greater Reliance on Renewables’

The hurricane ravage to America’s “51st state” has sparked what probably strikes some electricity-sector experts as an unexpected discussion about how to solarize Puerto Rico. IEEFA, informed by months of on-the-ground research and in conjunction with business and residents of the island, has been talking about it for a long time. The good news—to the […]

September 29, 2017 Read More →

NREB Proposes Clustering of Small Power Utilities Group

Business Mirror (Manila): In a bid to entice more investors, the National Renewable Energy Board (NREB) has asked the National Power Corp. (NPC) to regroup the off-grid areas based on their demand for power capacity. “I have asked the NPC to cluster them to make it easier for investors to have a better picture which […]

September 29, 2017 Read More →

El Gobierno Rechaza la Oferta de los Gonistas de la AEE

The New Day (San Juan): The Financial Advisory Authority and Fiscal Agency (AAFAF) rejected the offer made by the group of organized bondholders of the Electric Energy Authority (AEE), noting that the proposal “is not viable” and would limit the recovery of the public corporation. In addition, although Puerto Rico does not have a single […]

September 29, 2017 Read More →

U.S. Energy Secretary Calls for Subsidies to Keep Coal, Nuclear Afloat

Reuters: U.S. Secretary of Energy Rick Perry has asked federal regulators to provide price incentives to help keep coal and nuclear power plants open, as a way to address “risks” to the resilience of the electrical grid, the Department of Energy said on Friday. The move drew praise from the coal and nuclear power industries, […]

September 29, 2017 Read More →

Still Seeking Buyer for Failing Arizona Coal Plant, Owners Are Running Out of Time

Associated Press: A coal-fired power plant in far northern Arizona is set to shut down in 2019 unless a new owner can be found. The deadline for interested buyers is Sunday. The operator of the 2,250-megawatt Navajo Generating Station, the Salt River Project, says the deadline will determine whether to maintain the plant for long-term […]

September 29, 2017 Read More →

Puerto Rico Says No to Lenders Who Seek to Encumber It With More Debt

Bloomberg News: Puerto Rico rejected an offer from Electric Power Authority bondholders to lend the utility $1 billion in the wake of Hurricane Maria, saying the deal would hamper the agency’s recovery. Investors holding about $3 billion of power utility bonds said the loan was made to help the island meet local matching requirements to […]

September 29, 2017 Read More →

Big Proposed Australian Gas Project Faces a ‘Zero Value’ Problem

The Northern Star (News Corp. Australia): Prime Minister Malcolm Turnbull is playing into the hands of the gas cartel ‘ripping off Australia’ by encouraging the NSW Government to approve a controversial gas project in the state’s north, according to an energy analyst. The Prime Minister’s comments “strongly encouraging” the Berejiklian government to approve the Narrabri […]

September 29, 2017 Read More →

IEEFA Webinar: Moody’s Investor Services on the Gathering Transition to Renewables

Thursday, Sept. 28, 10 a.m. ET: Declining Capital Costs, Technological Advances, Broad Public-Political Support

Sept. 27, 2017 (IEEFA) — The Institute for Energy Economics and Financial Analysis hosts a webinar tomorrow (Thursday, Sept. 28, 10 a.m. ET, register here) with executives from Moody’s Investor Services on the gathering global transition toward renewable energy. The webinar, featuring Jim Hempstead, Moody’s managing director of global projects and infrastructure finance; Anna Zubets-Anderson, […]

September 27, 2017 Read More →