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IEEFA Conference: China and India Are at the Vanguard of the Global Electricity-Generation Transition

IEEFA Conference: China and India Are at the Vanguard of the Global Electricity-Generation Transition

The World’s Two Most Populous Countries Are Embracing Renewables

China’s declining reliance on coal will very likely continue as a result of central-government policies aimed at expanding the country’s move toward cleaner fuels. Panelists at IEEFA’s Energy Finance 2017 conference in New York today said financiers and energy companies alike will be encouraged to keep coal-fired electricity generation from growing—and indeed to push its […]

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China Coal Usage Continues to Drop

DaijiWorld.com: The consumption of coal in China is on the decline, despite economic growth, showing the country is making efforts to combat climate change. The 2016 Statistical Communiqué on Economic and Social Development released by China’s National Bureau of Statistics last week, said China’s electricity sector transformation continued over 2016. With coal consumption down 4.7 […]

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China Steps Into the Renewable-Energy Lead

Phys.org: “The Chinese leadership has stated clearly that its climate commitments are in China’s national interests and that it does not intend to change course, whatever the United States may do,” said David Sandalow, director of the U.S.-China Energy & Climate program at Columbia University’s Center on Global Energy Policy. “That has already raised China’s […]

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Taiwan Moves to Drop Nuclear Energy in Favor of Renewables and Natural Gas

From Bloomberg New Energy Finance: Taiwan’s new government led by President Tsai Ing-wen pushed through legislation, in January 2017, to make the island state free of nuclear power. All nuclear generation is to stop by 2025, and will be replaced partly by renewable energy and partly by gas-fired plants. “We would like to move away […]

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IEEFA India: A Momentous Solar Event

Signs of a Fundamental Market Shift; Implications for Emerging Markets Everywhere

A matter of hours after we commented this week on a record low bid for solar project development in India, that record fell again. The three winning bids for the 750MW auction, by Mahindra Renewables, Acme Solar, and Solenergi Power, came in at below Rs2.97-Rs2.979/kWh. Bidding opened at Rs3.59-3.64/kWh. The results, for rights to develop […]

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IEEFA Op-Ed: Indonesian Financing for Indonesian Projects

Dollar-Based Deals With Foreign Banks Are Too Costly

When 2016 drew to a close, Indonesia’s chief finance sector regulator, the Financial Services Authority (OJK), met in Bali with the private-sector finance arm of the World Bank, the International Finance Corporation (IFC), to come up with some shared new year’s resolutions for the national banking sector. Like the Joko “Jokowi” Widodo government, which has […]

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

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IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

Three Ways to Protect Investors and Create Sustainable Growth

A sustainable financial-sector roadmap for Indonesia must aggressively incorporate rigorous environmental and social standards into the credit-risk framework. That’s one of the core takeaways from a recent symposium sponsored by the Financial Services Authority (OJK), which is Indonesia’s chief finance-sector regulator, and the International Finance Corporation (IFC), the private-sector finance arm of the World Bank. […]

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On the Blogs: Fierce Pushback in Bangladesh on Questionable Coal Project

Keith Schneider for Circle of Blue: In 2010, when Bangladesh drew up its Power Sector Master Plan to develop thousands of new megawatts of coal-fired electricity, the government also bought 742 hectares (1,834 acres) of bottomland along the Passur River. At the time, the aggressive master plan and the flood-prone parcel, about 300 kilometers (190 […]

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Indian Government Signals a Shift Toward Renewables

Shreya Jai for the Business Standard (India): Indicating a significant shift in the Indian power sector, the Central Electricity Authority (CEA) has, in its National Electricity Plan (2017-2022), said the country does not need any more coal-based capacity addition till 2022. CEA said India would add massive renewable-based capacity. CEA in its draft plan has […]

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