Europe

IEEFA Research

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

IEEFA Asia: As India Moves, Europe Follows

Low-Carbon Technology Is Where the Smart Money Is Going

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift toward a profitable renewables industry, especially given how the country’s solar belt has the potential to supply 749 gigawatts (GW) of power generation. As shown in a report we published earlier this month, accelerating this trend will allow […]

October 17, 2017 Read More →

BNP Paribas, Largest French Bank, to Reduce Its Exposure to Oil and Gas

Wall Street Journal: French lender BNP Paribas said Wednesday it will no longer finance shale and oil sands projects, in one of the clearest signs yet the banking industry is re-evaluating its relationship with the oil sector amid mounting pressure from investors and top financial institutions. France’s largest listed bank said it would stop working with companies whose […]

October 12, 2017 Read More →

IEEFA Update: Netherlands, in New Program to Close All Coal-Fired Generation by 2030, Sends European Energy Markets a Sharp Signal

Phase-out Plans Combined With the Rise of Renewables and the Impact of Improved Efficiency Put Old Electricity-Production Models at Risk

In announcing plans to shut all coal-fired power plants by 2030,  the new government of the Netherlands sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe. The Dutch statement is especially significant given that the Netherlands itself has only recently commissioned three of Europe’s newest coal-fired […]

October 10, 2017 Read More →

U.K. Marks a Milestone in Industrial-Scale Grid Storage

The Guardian: Britain’s switch to greener energy will take another significant step forward this week with the opening of an industrial-scale battery site in Sheffield. E.ON said the facility, which is next to an existing power plant and has the equivalent capacity of half a million phone batteries, marked a milestone in its efforts to […]

October 10, 2017 Read More →

More Delays on Marquee Nuclear Project in Finland

Bloomberg News: Olkiluoto-3, able to power about 3 million homes, will be delayed until May 2019 from its previously expected to start at the end of next year, according to Teollisuuden Voima Oyj, the Helsinki-based utility that will operate the unit. Areva SA, the supplier, said it needed more time to adjust the production schedule. […]

October 10, 2017 Read More →

European Utility Exec: ‘New Coal Is Finished’

Euractv.com: Apart from Poland, there are no plans to build new coal-fired power plants in Europe, says Francesco Starace. The hard question today is instead who will build a new gas power plant. “And many companies are not doing that either,” he told EURACTIV in an interview. Francesco Starace is CEO of Enel, the Italian […]

October 5, 2017 Read More →
IEEFA Report: Winners and Losers Among Big Utilities as Renewables Disrupt Markets Across Asia, Europe, the U.S., and Africa

IEEFA Report: Winners and Losers Among Big Utilities as Renewables Disrupt Markets Across Asia, Europe, the U.S., and Africa

Leaders and Laggards Emerge; US$185 Billion in Lost Shareholder Value Seen Among Utilities Failing to Keep Pace; Solar and Wind Generation ‘Can Now Consistently Outbid Fossil-Fuel-Based Generation’

Oct. 4, 2017 (IEEFA) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that describes how the rise of renewable energy is disrupting electricity markets worldwide. The report, “Global Electricity Utilities in Transition: Leaders and Laggards: 11 Case Studies,” documents a pace of change in Asia, Europe, the Americas and […]

October 4, 2017 Read More →

On the Blogs: The German Transition

ChinaDialogue.net: If Angela Merkel is to win another term in Germany’s upcoming election on September 24, then winning the western state of North-Rhine/Westphalia (NRW) will be essential. NRW is the country’s most populous state, making up a fifth of the electorate. It’s also the epicentre of another political tussle: What to do about Germany’s coal […]

September 21, 2017 Read More →
IEEFA Europe: Technology Gains Help Drive a Rush From Capital Markets Into Offshore Wind

IEEFA Europe: Technology Gains Help Drive a Rush From Capital Markets Into Offshore Wind

U.K. Auction Confirms New, Lower Pricing Trends in World’s Biggest Markets

The U.K.’s latest auction of power purchase agreements for offshore-wind generation confirms an aggressive trend toward cost reductions across the industry and signals the arrival of a mature, bankable new segment of the energy sector. The lowest successful bids in  auction results announced on Monday, €63 (US$83) megawatt hour (MWh), were 50 percent less than […]

September 14, 2017 Read More →

U.K. Offshore Wind Energy Is Cheaper Now Than Nuclear

Financial Times: The economic case for renewable energy in the UK was given a strong boost on Monday as an auction to provide electricity from offshore wind farms showed sharp falls in subsidy costs. The cost of subsidies to the UK’s offshore wind farms in contracts awarded in the auctions dropped by more than 50 […]

September 11, 2017 Read More →