IEEFA Research

IEEFA Australasia: New global energy report headlines decline of coal as cheaper renewable technologies gain preference

International Energy Agency releases annual World Energy Outlook 2018 Report today

Nov. 13, 2018, SYDNEY (IEEFA): Thermal coal is fated for long-term structural decline and energy-related carbon dioxide emissions are increasing despite the Paris targets: those are the key take-outs in the International Energy Agency’s World Energy Outlook (WEO) 2018 report released today, which also finds wind and solar are now two of the top three […]

November 13, 2018 Read More →

IEEFA report: Past their peak, New South Wales coal export volumes head toward terminal decline as markets transition

NSW government must plan now for inevitable transition in local coal communities

Nov. 1,  2018, SYDNEY (IEEFA) – A report published today by the institute for Energy Economics and Financial Analysis sends an urgent message to the New South Wales government that, with coal export volumes having peaked and now facing a terminal long-term decline, transition preparations must be made for the coming decades to prepare businesses, […]

October 31, 2018 Read More →
IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

Rapid Cost Deflation, Broad Gains in Scale; Key Momentum in China and India; Crucial Support From International Capital Markets and Tech Giants; Expansion Role Seen for National Governments

May 21, 2018 ( – A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. The study—“Solar Is Driving a Global Shift in Energy Markets”—details some of the world’s biggest utility-scale […]

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

Godda Plan, Contrary to Its Poverty-Alleviation Advertising, Would Cost Customers Dearly

April 10, 2018 ( Adani’s proposed Godda Power project would prove financially unviable and a poor strategic fit for Bangladesh, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study—“Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh”—finds also that the project is […]

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →

IEEFA Australia: Adani Is Said to Seek Financing From a Chinese State-Owned Enterprise

'New Geopolitical Questions for an Already Highly Controversial Project'

Nov. 2, 2017 (IEEFA) — A Chinese government-owned enterprise is being courted as a new partner for Adani’s proposed Carmichael coal mine and rail project in northern Queensland, according to a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The deal being sought with state-owned China Machinery Engineering Corporation […]

November 2, 2017 Read More →

IEEFA Australia: Escalating Financial Risk in Adani’s Abbot Point Coal Terminal

Begging the Question as to Why the Government Would Lend Heavily to a Tax-Haven Scheme Controlled by a Foreign Billionaire

Oct. 2, 2017 (IEEFA) — New analysis by The Institute for Energy Economics and Financial Analysis (IEEFA) finds that Adani’s Abbot Point Coal Terminal is excessively leveraged, promises negative shareholders equity, and runs the risk of becoming a stranded asset if Adani’s proposed Carmichael mine does not get the A$1 billion Australian taxpayer subsidy it […]

October 2, 2017 Read More →

NAIF Inadequate Project Assessment and Failure of Public Interest Test

Submission to Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility

Our research in the context of Adani calls into question the project assessment and approval process of the Northern Australia Infrastructure Facility (NAIF) as it relates to a A$900 million loan request as well as the adequacy of the NAIF’s tests for risk appetite and for whether a project is in the public interest. Full […]

August 23, 2017 Read More →
IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking Coal

Despite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]

IEEFA Update: Adani’s ‘Go-Ahead’ on Australian Mega-Coal Mine Is a Stunt

‘This Proposal Is Still a Pipe Dream’; Announcement ‘Theatrics’ Mean Little

Commenting on reports that Adani Enterprises Ltd has given the final go-ahead on the Carmichael mine proposal in Australia, Tim Buckley, IEEFA’s director of energy finance studies, Australasia said today: “An internal investment decision for the Carmichael mine is very different to an externally legally binding financial close. This proposal is still a pipe dream.” […]

More News and Commentary

Australia’s first dispatchable solar project nears completion

Design News: Despite its zeal for fossil fuels, Australia has also undertaken some of the world’s largest battery energy storage projects. The installation of a Tesla 129 megawatt (MW) Powerpack battery at the Hornsdale Power Reserve in South Australia has improved power grid reliability and has already saved the grid operator and local power customers […]

January 15, 2019 Read More →

New Victoria wind farm could supply 10% of Australian state’s electricity

The Guardian: The managing director of a company that plans to construct Victoria’s largest windfarm says the project will supply enough power to replace up to a third of the generation of the decommissioned Hazelwood power station at less than $50/MWh. The Victorian government has granted a planning permit for WestWind Energy’s $1.5bn Golden Plains […]

January 14, 2019 Read More →

Australian solar installations set records in 2018

PV Magazine: 2018 was a record year for Australia’s solar PV sector across all segments, with more than 2 GW of large-scale PV added, and over 40% increase in residential PV. Based on data collected by Green Energy Trading, Australia added over 3,775 MW of solar capacity last year, up from 1,270 MW in 2017. […]

January 11, 2019 Read More →

Australian study finds renewables ‘unequivocally’ lower-cost than coal

Renew Economy: Australia’s leading scientific research group and the country’s energy market operator have released a benchmark study that shows the cost of new wind and solar – even with hours of storage – is “unequivocally” lower than the cost of new coal generation. The joint study – GenCost 2018 – by the CSIRO and […]

January 10, 2019 Read More →

Australia sees sharp drop in brown coal generation, surge in solar and wind output

Australian Financial Review: Brown coal generation fell to its lowest level in the history of the modern power grid in the December quarter, as solar and wind generation surged and coal’s retreat was exacerbated by scheduled maintenance and accidents. The development marks another milestone in the evolution of the modern eastern states’ National Electricity Market […]

January 3, 2019 Read More →

Major insurers back away from Adani’s planned Carmichael mine in Australia

S&P Global Market Intelligence ($): A group aggressively working across the globe to push insurance companies away from the coal sector say some of the world’s largest insurers will not be covering Adani Mining Pty Ltd’s controversial Carmichael coal mine in Australia. Ten of the world’s top insurance companies have explicitly refused to insure the […]

December 20, 2018 Read More →

Australian coal-fired generator signs large solar power purchase deal

PV Magazine: Delta Electricity has contracted a total of 150 MW of solar power from the 275MW AC/332MW DC Darlington Solar Farm, which will be one of Australia’s largest solar PV projects once completed. The power purchase agreement has been inked with the project developer, Edify Energy, which expects to reach financial close and commence […]

December 20, 2018 Read More →

Mitsubishi to sell its last two Australian thermal coal mines

Reuters: Japan’s Mitsubishi Corp said on Tuesday it will sell its stakes in two Australian thermal coal mines for A$750 million ($539 million), a move that means its exit from upstream thermal coal amid growing pressure from environmental activists. The stake sales come as a growing number of companies and pension funds across the globe […]

December 18, 2018 Read More →

Australian renewables group: Record-setting 14.6GW of green capacity under construction

The Guardian: Australia’s renewables sector has doubled its output over the past 12 months, with more than $20bn of projects now under construction, but the current boom will not last without policy certainty, according to the Clean Energy Council. The council, which represents solar, wind, energy efficiency, hydro, bioenergy, energy storage, geothermal and marine businesses, […]

December 12, 2018 Read More →

A year in, Tesla’s big Australian battery proves viability of energy storage

Bloomberg: A year after Elon Musk rolled out what was then the world’s biggest lithium-ion battery to aid South Australia’s blackout-prone power grid, more projects are set to follow in its footsteps at home and abroad. The Hornsdale storage facility — the result of Musk’s successful wager that he could build and get it up […]

December 6, 2018 Read More →