Author Archive: Simon Nicholas

Energy Finance Analyst Simon Nicholas, a fellow of the Institute of Chartered Accountants of England and Wales. Nicholas joined the IEEFA team in July 2016, after 16 years’ experience within the finance industry at ABN Amro, Macquarie Group and Commonwealth Bank of Australia in both Sydney and London. His work with IEEFA focuses on Australian coal exports and associated infrastructure investments and their growing stranded-asset risks, as well as tracking the transformations under way in the key electricity markets of China, India and Bangladesh.

IEEFA Update: Signs in Bangladesh of a Budding Electricity-Sector Transition

Delays in Coal-Fired Plant Construction; Material Progress Toward Utility-Scale Solar Generation

Bangladesh’s latest national power-development update shows a small but notable shift under way: Construction of new coal-fired power plants is being delayed while a nascent solar industry begins to take root. The country nonetheless remains perilously dependent on fossil-fuel imports and has yet to truly embrace adoption of renewable energy on a scale that would […]

IEEFA Update: An Increasingly Cursed Australian Coal Project

IEEFA Update: An Increasingly Cursed Australian Coal Project

Bad Financials, Weak Markets, Policy Headwinds, Social-License Issues, Transparency Questions, Climate Risk: The Many Afflictions Hobbling the Proposed Carmichael Mine

update on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal mine in the […]

IEEFA Update: Japan Is Investing Heavily in Overseas Renewables

IEEFA Update: Japan Is Investing Heavily in Overseas Renewables

Momentum Spreads From Domestic to Foreign Activity

Among one of the key points we made in a report we published last week on Japan’s post-nuclear energy economy is how Japanese energy-investment capital is being pulled inextricably now toward overseas renewable-energy projects. It’s a wrinkle worth repeating. Our report—“Japan: Greater Energy Security Through Renewables – Electricity Transformation in a Post-Nuclear Economy”—details how the […]

IEEFA Report: A Renewables Path to Japanese Energy Security in a Post-Nuclear Era

IEEFA Report: A Renewables Path to Japanese Energy Security in a Post-Nuclear Era

Eliminating High-Risk Dependence on Imported Fuels; Exploiting Domestic Technology Advantages; Avoiding Stranded Assets in Misguided Coal Projects

We’ve just published a report that details how Japan’s post-nuclear electricity-generation economy can be viably retooled around renewable energy. Our report—“Japan: Greater Energy Security Through Renewables: Electricity Transformation in a Post-Nuclear Economy”—emphasizes the potential for national energy security through renewables, most especially wind and solar. This report documents how government policies adopted in the wake […]

IEEFA Update: Adani Has Gone Quiet on Its Australia Coal Mega-Project

Developer Lacks the Capacity to Go Forward on Carmichael

The latest quarterly financial report from Adani Enterprises Ltd. is illuminating in no small part for what it does not say. Adani is the company that for years has championed construction of the proposed Carmichael project in Australia, a multi-billion-dollar undertaking that would purport to supply coal to India. Yet the project gets no acknowledgement […]

and February 17, 2017 Read More →
IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China

IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China

Why a Massive Proposed Coal Project Remains Unbankable

Adani Power Ltd reports another net loss—of US$48 million—in the three months through December. This puts the company as the proposed cornerstone customer in a plan to build the massive Adani Enterprises Carmichael coal project in Queensland on track for its fifth year of enormous losses since FY2012. The latest numbers highlight the strategic weakness of […]

IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

We See a Viable and Sensible Renewables Path to Rapid Eradication of Energy Poverty and to Improvements in Health and Education

We’ve just published a report that outlines a highly feasible and more cost-effective alternative to expand electrification in Bangladesh than what the Bangladesh government has in mind. Our blueprint—“Bangladesh Electricity Transition: A Diverse, Secure and Deflationary Way Forward”—outlines an expansion that would be cheaper, cleaner and provide more national energy security. Our research models an […]

IEEFA Asia: Higher Coal Prices, But Not Because of Demand in China and India

A Bump That Will Not Last

The price of thermal coal—that used for power generation—has hit a new 2016 high this week of US$69/t, with spot coking coal reported to have doubled, to US$150/t. As to coking coal, the Australian Financial Review today warned that the spot market is very thinly traded and that the few trades around US$150 represent participants […]

and September 8, 2016 Read More →
IEEFA Asia: International Investors Are Buying Into India Renewables Boom

IEEFA Asia: International Investors Are Buying Into India Renewables Boom

Capital Market Transactions and Consolidation Mark an Emerging Maturity Across the Sector

India requires global financial support to manage the capital-intensive nature of renewable energy infrastructure development. In order to sustain the Indian Government’s bold renewable energy deployment targets, more such support is needed. Indications are this is exactly what’s happening. Political support for developing 175GW of renewable energy generation capacity, including 100GW from solar and 60GW […]

August 29, 2016 Read More →