Europe

IEEFA Research

IEEFA update: U.K. pension funds lag in renewable energy infrastructure investing

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LONDON — Local U.K. government pension schemes are gradually increasing their unlisted infrastructure holdings, driven by examples set by trail-blazing funds and by a new government initiative to increase the scale of such investments. But few are investing explicitly in renewable energy, the biggest single segment of infrastructure investment in the world (infrastructure investing involves real […]

July 19, 2018 Read More →
IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense

June 13, 2018 (IEEFA) – New air pollution regulations coupled with rising carbon prices put Poland’s biggest utility, PGE, at serious risk of financial disarray if it continues to pursue a coal-heavy upgrade strategy, concludes a report published today by the Institute for Energy Economics and Financial Analysis. A strategic shift toward a renewable energy-based […]

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

IEEFA Europe: A blacklist of 120 coal plant developers for investors seeking to lower climate risk

Financial peril across an industry’s entire supply chain is intensifying

Even as risks mount for coal worldwide, nearly 1,400 new coal plants or units are planned or under development in 59 countries. If built, these plants would increase coal power capacity by 33%, adding more than 670,000 megawatts to the global coal plant fleet. Who exactly is developing these new coal plants?  German environmental NGO […]

October 12, 2018 Read More →

Rising coal prices in Europe spur interest in renewables

Bloomberg: Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival of the dirtiest fossil fuel, executives […]

October 8, 2018 Read More →

Rising coal prices in Europe spur more interest in renewables

Bloomberg: Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival of the dirtiest fossil fuel, executives […]

October 4, 2018 Read More →

EU watchdog takes aim at planned Bosnian coal plant

Reuters: The EU energy watchdog urged a Bosnian regional parliament on Thursday not to approve a government guarantee for a China Exim Bank loan that is designed to help power utility EPBiH add a new unit at its Tuzla coal-fired power plant. The guarantee covers 85 percent of the total value of the contract signed […]

October 1, 2018 Read More →

Goldman Sachs: Coal construction in Western Europe is over

Bloomberg: Western Europe may already have built its last coal power plant as governments everywhere crack down on greenhouse-gas pollution. That’s the view of Gonzalo Garcia, the global co-head of natural resources at Goldman Sachs Group Inc. While U.S. President Donald Trump is seeking to revive the industry, politicians across Europe are working hard to […]

September 27, 2018 Read More →

Raport IEEFA: Polski projekt „czystego węgla” narażony na wysokie koszty i kłopoty eksploatacyjne

Założenia dotyczące planowanej elektrowni w technologii zgazowania węgla w Łęcznej są „nierealistyczne” i mogą skończyć się wyższymi kosztami energii oraz wyższymi emisjami CO2.

Planowana elektrownia w technologii zgazowania węgla (ang. integrated gasification combined cycle, IGCC) w Łęcznej będzie droga w budowie, a jeżeli powstanie grożą jej poważne kłopoty eksploatacyjne. To konkluzje z opublikowanego dzisiaj raportu amerykańskiej organizacji IEEFA. Ekonomiści oparli swoje wnioski na doświadczeniach podobnych elektrowni funkcjonujących w USA. Raport „Projekt IGCC w Łęcznej: spodziewane wysokie koszty i […]

September 25, 2018 Read More →

IEEFA report: Polish ‘clean coal’ project risks high construction and operating costs and unreliable performance

ENEA’s projections for Łęczna IGCC are ‘unrealistic’ and would result in higher-priced electricity and emissions than acknowledged

Sept. 26, 2018 (IEEFA) — A proposed gasified-coal-fired power project at Łęczna in Poland risks high build costs and unreliable operation, given real-world experience of similar technology in the United States, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report—“Łęczna IGCC Project: High Costs and Unreliable Operations Can […]

September 25, 2018 Read More →

EU seeks to increase hydrogen use for power generation

Reuters: European Union energy ministers agreed on Tuesday to pool efforts to increase the use of hydrogen in transport and power as part of the bloc’s attempt to cut carbon emissions by 40 percent by 2030. The non-binding initiative, seen by Reuters and endorsed by 25 EU nations, calls for governments to increase cooperation on […]

September 19, 2018 Read More →

Serbia’s first utility-scale wind farm to open in October

Reuters: Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its energy mix and reduce greenhouse gas emissions. The wind farm, which has 21 wind turbines provided by German wind turbine manufacturer Senvion, is […]

September 14, 2018 Read More →

Forecast predicts European wind capacity will hit 252GW by 2022

Windpower Monthly: Wind energy capacity will grow at an average 17.4GW per year up to 2022 across the continent, according to a new report by WindEurope. The trade body forecasts 86.9GW will be installed over next five years, reaching a total of 258GW in operation in Europe by 2022. Germany, Spain and the U.K. will […]

September 13, 2018 Read More →