Author Archive: Tim Buckley

Director of Energy Finance Studies, Australasia, Tim Buckley has 25 years of financial markets experience, specializing in equity valuation, including as a top-rated analyst and as co-founder and managing director of Arkx Investment Management.


IEEFA Latin America: Indications, in the Activity of an Italian Company, of How Emerging Markets Are ‘Skipping a Generation’ and Going Straight to Renewables

IEEFA Latin America: Indications, in the Activity of an Italian Company, of How Emerging Markets Are ‘Skipping a Generation’ and Going Straight to Renewables

ENEL Is Betting That Developing Economies Will Go Big on Solar, Wind, and Hydro

In its updated plan for 2017-2019, the Italian utility ENEL SpA has expanded its earnings targets with an aggressive capital-expenditure program for 6.7 gigawatts of renewable energy capacity. And that’s just over the next three years, which probably makes ENEL the largest single investor globally at the moment in such capacity. Of crucial note here: […]

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IEEFA Australia: In India’s Trend Toward Renewables, Winds of Coal-Market Change

A Powerful Indicator of Global Changes in How Electricity Is Produced and From Which Sources of Energy

Revelations last week that Labor has plans to progressively retire Australia’s coal-fired power stations put the cat among the energy pigeons, not least for unanswered questions about the security of future energy needs and renewable energy targets. Nevertheless, the fact is Australia is being buffeted by winds of change blowing far from our shores. On […]

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IEEFA India: Electricity-Sector Transition Picks Up Speed

IEEFA India: Electricity-Sector Transition Picks Up Speed

What’s Happening in Energy Markets Across Asia Will Not Stay in Asia

India’s latest electricity-sector report offers some striking insights into momentum around the country’s electricity-sector transformation. Thermal power plant utilization rates have collapsed to below 50 percent, the growth rate in new builds has halved, and renewable power generation is up 26 percent year on year, gaining six times faster than conventional power generation growth (4.5% […]

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IEEFA Update: Developing Countries Are Disproportionately Driving Global Growth in Renewables

Half of All $300 Billion in Activity Is in Emerging Markets

More than half of all renewable investment activity in the world last year occurred in developing countries. And 2015 was no small year for renewables, as new investment set a record US$286 billion and total transactions (including refinancings) exceeded $US380 billion. We’re published a memo this morning — “IEEFA Update: Emerging Markets Lead Global Investment […]

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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 […]

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IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

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IEEFA China: Why the Rally in Coal Prices Is Unsustainable

A Short-Term Surge Is at the Mercy of Long-Term Trends

While thermal coal export prices have doubled since the first of the year, IEEFA remains of the view that the price spike is due solely to the confluence of several short-term policy and weather factors in China and India. By far the more important trend to watch is what’s seen in the 10.7 percent year-on-year, […]

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IEEFA Update: The Global Energy Transformation Remains on Track

IEEFA Update: The Global Energy Transformation Remains on Track

U.S. Presidential Election Results Regardless, the Gathering Transition to Renewables Continues

Regardless of any potential or even likely shift in U.S. energy policies, the transition of global energy markets is firmly entrenched. A succession of financial and technology breakthroughs position renewable energy and efficiency as clearly price competitive in an increasing number of energy markets  Policy action, with the ratification of the Paris climate accord, reflects […]

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IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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IEEFA Asia: Adani, in Latest Report to Investors, Skips Mention of Its Australian Coal Project

As Energy Markets Continue to Evolve, Less Likelihood Carmichael Mine Will Be Developed

Adani Enterprises Ltd—the 100 percent owner of Adani Mining Australia Pty Ltd, the entity that owns the massive Carmichael open-cut coal proposal—is reporting a net loss of US$11 million for the three months to September 2016. This comes on the back of a 33 percent year-on-year decline in operating profits and an 18 percent rise […]

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