Adani

IEEFA Research

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 […]

Fact-Checking the Claim That Australian Coal Is Clean

Studiously Avoiding the Trend Toward a New Energy Economy

We’re seeing an increasing number of boastful assertions by Australian politicians that Australian coal is environmentally friendlier than other coal. It’s not true—and we’ve published a fact sheet here that gets into the weeds of it—but one illuminating comparison can be found when you stack Australian benchmark thermal coal up next to coal from Indonesia, […]

November 25, 2015 Read More →
US$100 Billion in New Renewable Investments in 2015 Power India’s Energy Transition

US$100 Billion in New Renewable Investments in 2015 Power India’s Energy Transition

Nov. 12, 2015 (IEEFA) — Investments worth more than US$100 billion over the past eight months are driving an unprecedented shift to renewable energy in India, according to a major new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report—India’s Electricity Sector Transformation—charts the accelerating influx of global capital into India […]

November 12, 2015 Read More →
India’s Fast-Moving Energy Transition: $100 Billion in Renewables Investments So Far This Year

India’s Fast-Moving Energy Transition: $100 Billion in Renewables Investments So Far This Year

A Crush of Deals With State-Owned Enterprises, Leading Power Companies, Billionaires, Major Firms and Utilities

Investments worth more than $100 billion over the past eight months are driving an unprecedented shift to renewable energy in India. The trend is detailed in a report we just posted—India’s Electricity Sector Transformation—that charts the accelerating influx of global capital into India as the country moves toward its goal of installing 175 gigawatts of […]

November 11, 2015 Read More →
New IEEFA Report – Adani: Remote Prospects

New IEEFA Report – Adani: Remote Prospects

Obstacles to Adani’s Project in Australia Have Only Grown: The Strategic ‘Moment’ for Coal Mining in the Galilee Basin Has Passed; Public Investment Is Ill-Advised; Markets Will Not Support an Unbankable Development

Almost two years ago we published a review in which we raised doubts about the Adani Group’s proposed Carmichael coal mine in the Galilee Basin of Australia and the associated rail and port infrastructure development. The mine would ship coal through the port at Abbot Point in the Great Barrier Reef. Today we’ve published an […]

September 15, 2015 Read More →
India’s Electricity-Sector Transformation

India’s Electricity-Sector Transformation

New IEEFA report- India’s energy transformation gathers momentum

10 August, 2015: India’s ‘seven horses of energy’ electricity sector transformation is gathering pace, with far-reaching ramifications for renewable energy development and the structural decline of seaborne thermal coal, according to a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Indian energy analysis firm, Equitorials. The report – […]

August 10, 2015 Read More →
IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

Proposed Development of Galilee Basin Project Will Become ‘Collateral Damage’

CLEVELAND, May 5, 2015 (IEEFA.org) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that Adani Enterprises’ recent corporate restructuring better aligns its parent Adani Group with minority shareholders and with new opportunities emerging in the Indian electricity sector transformation. It concludes also that the restructuring—which vastly reduces […]

May 4, 2015 Read More →
Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

New Research by IEEFA Sees Slowing Demand for Coal and Rapidly Rising Investment in Renewables CLEVELAND, Jan. 14, 2015 (IEEFA.org) — Rapid expansion of renewable energy combined with weakening electricity demand are driving a structural decline in seaborne thermal coal markets, according to a new briefing released today by the Institute for Energy Economics and […]

January 14, 2015 Read More →
Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance

October 22, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk, July 2014

Briefing note: Fossil fuels, energy transition & risk, July 2014

Briefing note: Fossil fuels, energy transition & risk,  July 2014 (pdf) By Tim Buckley, Director of Energy Finance Studies, Australasia, IEEFA

July 21, 2014 Read More →

More News and Commentary

IEEFA Australia: Adani Can’t Seem to Get the Public Subsidies It Requires for Its Carmichael Coal Project

Further Evidence That a Mine Proposal Is Unbankable

In saying that it has deferred its investment decision on its Australian Carmichael coal proposal because the Queensland Government hasn’t granted it yet another subsidy, Adani Enterprises is demonstrating once more that the project is unbankable. We’re not aware of a single private financial institution that has endorsed the proposal, which suggests to us that […]

May 23, 2017 Read More →

Adani Tries ‘Blackmail’ as It Seeks Public Subsidies for Project in Australia

Financial Times: A company controlled by Indian billionaire Gautam Adani has deferred a decision to build one of the world’s biggest coal mines in Australia following political wrangling over whether it should be granted financial concessions in the form of a “royalty holiday”. The A$16.5bn ($12.3bn) project has divided the state government over the merits […]

May 22, 2017 Read More →

IEEFA Asia: India’s Electricity-Sector Transformation Is Happening Now

Utility-Scale Solar Projects Continue to Attract Record Low Bids

The Indian energy market transformation is accelerating under Energy Minister Piyush Goyal’s leadership. The most recent and most persuasive evidence is the collapsing cost of solar electricity—a collapse that has gone beyond anyone’s expectations, and the results are in: solar has won. The global energy market implications are profound. Recent events have given manifest life […]

May 17, 2017 Read More →

Pushback by Rival on Australian Subsidy to Indian-Owned Coal Conglomerate

Australia Financial Review: New Aurizon boss Andrew Harding gets a chance this week to remind the broader investment community that the debate about how to pay for a big new Queensland coal railway is more complicated that whether or not Commonwealth can see its way to lending $1 billion to an Indian billionaire. Adani has, […]

April 26, 2017 Read More →
IEEFA Update: An Increasingly Cursed Australian Coal Project
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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 […]

A Stranded Coal Asset in Australia

The Guardian: The risk of the controversial Adani Carmichael coalmine becoming a stranded asset has increased in the last 12 months, according to a new report. The Institute for Energy Economics and Financial Analysis (IEEFA), says the Carmichael project is likely to be “cash flow negative” for the majority its operating life, even with concessional […]

April 24, 2017 Read More →

Ignoring Market Glut, Australia Weighs $1 Billion Government Loan to Finance World’s Biggest Coal Mine

The Wall Street Journal: Australia’s government has indicated strong backing for a loan of almost 1 billion Australian dollars for Indian conglomerate Adani Group to build the world’s largest coal mine, despite projections of a global glut of the commodity and environmental concerns. The pair also discussed a possible loan from the A$5 billion Northern […]

April 11, 2017 Read More →

Little Demand Seen for More Australian Coal

Australia Financial Review: Mr Turnbull arrives in India at a pivotal stage in Adani’s marathon effort to have the thermal coal project approved, and at this stage of the game, few can do more to help Carmichael than Australia’s 29th prime minister. A loan through the government’s $5 billion Northern Australia Infrastructure Fund (NAIF) would […]

April 11, 2017 Read More →

Challenge to Australian Subsidies for Companies Seeking Coal Industry Expansion

The Guardian: A $1bn federal loan to builders of a railway line between the proposed Adani coalmine and the coast would be a direct breach of government policy, a legal group has claimed. Environmental Justice Australia has lodged a formal complaint with the Productivity Commission over the prospect of the Northern Australia Infrastructure Facility partially […]

April 6, 2017 Read More →

Adani, a Champion for Coal, Turns to Solar in Australia

The Financial Times: Adani Enterprises, which wants to build one of the world’s biggest coal mines in Australia, plans to invest A$2bn-A$3bn in solar power plants in the country over five years as it further diversifies its business beyond India. Jennifer Purdie, chief executive of Adani Australia Renewables, said the company had secured agreements to […]

April 4, 2017 Read More →