Europe

IEEFA Research

IEEFA Report: U.K. Pension Funds Can Benefit Now From Renewables Infrastructure Play

Growth and Proven Returns in a Rapidly-Expanding Sector

Nov.15, 2017 — A new report by HSBC Global Asset Management and the Institute for Energy Economics and Financial Analysis (IEEFA) finds that U.K. pension funds can benefit now from investing in domestic and overseas renewable energy infrastructure. Commissioned by the City of London Corporation’s Green Finance Initiative, the report, “The Renewable Energy Infrastructure Investment […]

November 14, 2017 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →
IEEFA Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

IEEFA Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

More Headwinds for Major Utilities; New Limits Affect 108 Plants; Implications for Investors, With Gas and Renewables Emerging as Preferred Power-Generation Fuels

May 8, 2017 (IEEFA.org) — More than 100 separate power plants—representing one-third of Europe’s large-scale coal-fired power plant capacity—face costly air quality upgrades or closure as a result of new European Union emissions limits, according to an analysis published today by the Institute for Energy Economics and Financial Analysis (IEEFA). “These regulations will further undermine and […]

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

Paying Producers for Electricity They Might Never Generate

  So-called capacity markets are driving what appears to be a major new trend in energy policy across Europe: More public subsidies for electric utilities. Utilities may get—but not necessarily need or deserve—high-level government support for a variety of reasons, including for their role in equity markets, where they supply returns and dividends for pension […]

December 13, 2016 Read More →
IEEFA Europe: Can Coal Power Hang On?

IEEFA Europe: Can Coal Power Hang On?

Investors May Not Be Eager to Absorb More Losses Like Those Seen in Recent Dutch Build-Outs

Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]

November 30, 2016 Read More →
IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

Foundation-Based Approach to Closure and Clean-Up; New Czech Owners of Vattenfall Assets in Lausitz Can Afford to Foot the Bill; a Timeline That Helps Local Communities Prepare for Transition

The recent “sale” by the Swedish state-owned utility Vattenfall of its German lignite assets throws a harsh light on a dark paradox: the continued use of the world’s most carbon-intensive fuel by a country with some of the most ambitious targets to tackle climate change. The deal transfers a cluster of lignite mines and their […]

September 22, 2016 Read More →

More News and Commentary

Renewable Energy Development in India Gets Big Boost From New Green Fund

Reuters: LONDON—Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India. The fund, named Green Growth Equity Fund (GGEF), was launched with an initial war chest of 240 million pounds shared equally by […]

April 19, 2018 Read More →

IEEFA Update: In Kosovo, Plans for a Power Plant That Would Be Out of Compliance on Day One

ContourGlobal Wants to Build According to Old Emissions Limits Instead of New Ones

London-listed power-generation investor ContourGlobal portrays its plan for a new coal-fired power plant in Kosovo as a step toward cleaner air for the small Balkan republic. But the company’s agreement with the government shows it actually hedging its bets, dithering between less- and-more polluting options. ContourGlobal’s 2017 annual report, published this month, shows that the […]

April 17, 2018 Read More →

Europe’s Prolific Wind Industry Is Expanding Into Solar and Electricity Storage

S&P Global Market Intelligence ($): Europe’s wind powerhouses are turning to solar and storage technologies in an effort to diversify their revenue streams and capitalize on changing energy markets. Project developers such as Ørsted A/S and Vattenfall AB, along with major wind turbine manufacturers Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy, are exploring […]

March 29, 2018 Read More →

Rise of Renewables Seen as Squeezing Out New U.K. Gas-Fired Generation

The Guardian: The UK is well on the way to a new era of subsidy-free renewable energy projects that will largely kill off prospects for new gas power stations, according to industry analysts. The falling cost of wind and solar projects combined with advances in battery storage technology will unlock about £20bn of investment in […]

March 22, 2018 Read More →

In Poland, the Coal-Fired Heart of Europe, a Shift Toward Wind

Bloomberg News: After decades of prompting coal as the guarantor of national energy security, Europe’s fourth-biggest greenhouse-gas polluter is shifting to embrace wind power. PGE SA, which is Poland’s largest utility, wants to turn to turbines to harness the breezes in the Baltic Sea and eventually supply 2.5 gigawatts from the technology by 2030. It […]

March 22, 2018 Read More →

Questions in the U.K. Over Pension Funds’ Exposure to Climate Risk

Reuters: Britain’s biggest pension funds have been asked by lawmakers to explain how they are managing the impact of climate change risks on their investments. “We want to know what pension funds are doing to safeguard people’s pensions from the financial risks of climate change,” Mary Creagh, Chair of the Environmental Audit Committee, said. The […]

March 6, 2018 Read More →
IEEFA Update: Kosovo’s Latest Coal-Plant Plan Would Violate EU Standards for Market Competition
and

IEEFA Update: Kosovo’s Latest Coal-Plant Plan Would Violate EU Standards for Market Competition

Project Puts a Small Country's Economy at Risk; Deal Locks in Profits for U.S. Developer ContourGlobal While Offering Little Transparency

A recent Kosovo government announcement of a contract with U.S. developer ContourGlobal to build a new coal-fired power plant in Pristina appears to be in violation of European state-aid rules. The deal, which awards ContourGlobal a no-bid contract to build a 450-megawatt (MW) plant that would burn domestically produced lignite, effectively serves as a barrier […]

IEEFA Update: A Tipping Point Is Coming, and Fast
and

IEEFA Update: A Tipping Point Is Coming, and Fast

Trends Build Globally Toward More Uptake of Renewables

We’ve just posted a research brief explaining through a telling combination of charts (and some written analysis) how the fast-growing uptake of wind and solar around the world continues to shape electricity-generation trends. The phenomenon is unfolding across diverse groups of markets that include ones in Latin America, the Middle East, and the U.S. We […]

and February 21, 2018 Read More →

EU Can Get 34% of Its Electricity From Renewables by 2030

Bloomberg News: The European Union can boost the share of renewables to 34 percent of its energy mix by 2030, triggering hundreds of billions euros in investment and accelerating reduction of greenhouse gases blamed for global warming, according to the International Renewable Energy Agency. Lawmakers in the 28-nation bloc are currently discussing policies for the […]

February 20, 2018 Read More →

European Renewables Company Siemens Gamesa Expands Its Pipeline Into India

PV Magazine: Spanish-German renewable energy developer Siemens Gamesa has confirmed this week that it will add 160 MW of solar PV capacity to its growing Indian pipeline. The firm, which has already made inroads in the Indian clean energy space with the development of the nation’s first wind/solar hybrid plant, will build two large-scale solar […]

February 9, 2018 Read More →