Germany

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 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 Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 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

Older German Coal Plants Are Struggling

S&P Global Platts: Profit margins for Germany’s oldest coal-fired power plants to produce electricity next year have again turned negative. The decreasing profitability outlook will increase the pressure on Germany’s oldest coal plants to close, with almost 9 GW having already been shut down since 2012, the latest power plant closure list by the grid […]

August 8, 2017 Read More →

Dubai, Abu Dhabi, China, U.S., Lead 2Q Surge in Renewables Investments

Bloomberg New Energy Finance Week in Review: The second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21 percent from the first quarter and the highest since 2Q 2016. The financing of two big photovoltaic projects in the United Arab Emirates with a combined value of around $2 billion […]

July 18, 2017 Read More →
IEEFA Europe: Legal Challenge to Spain’s Capacity Market Payments Is Well-Founded

IEEFA Europe: Legal Challenge to Spain’s Capacity Market Payments Is Well-Founded

Spanish Environmental Groups Say Their Country is Violating European Commission Guidelines; Spain Should Retire Excess Capacity Before Paying Plants to Stay Online

A recent call by two environmental organizations for a formal state aid probe into Spain’s payments subsidizing gas- and coal-fired power plants appears to be well warranted, given multiple breaches of European state aid guidelines revealed by IEEFA in our December 2016 report, “Spain’s Capacity Market: Energy Security or Subsidy?” The Instituto Internacional de Derecho […]

July 14, 2017 Read More →
IEEFA Europe: The Cost of Wind-Powered Electricity Is Dropping

IEEFA Europe: The Cost of Wind-Powered Electricity Is Dropping

Trend in Onshore Pricing in Spanish, German Auctions Follows What’s Happening Offshore as Well

Onshore wind auctions in Spain and Germany last week confirmed the trend in the falling cost of renewables in Europe. The trend is being driven by a shift to auctions that are doing a better job of revealing the true cost of generation than former feed-in tariff schemes. Auctions are capturing real cost reductions in […]

May 31, 2017 Read More →

IEEFA Europe: Will Germany Walk the Walk on New EU Emissions Rules or Just Talk the Talk?

The Lignite Industry Hopes the Government Will Adopt a Foot-Dragging Strategy But With Noncompliance Comes Risk

By recently opposing stiffer new European pollutions limits for coal-fired power, Germany—an avowed leader on progressive climate-change policy—joined the ranks of the most reluctant nations, most notably Poland. At issue actually are two major sources of carbon emissions—coal and lignite—lignite being a lower-grade, and dirtier, cousin of coal. Both produce air pollutants such as oxides […]

May 16, 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 Europe: Offshore Wind Costs Maintain Falling Trend

Competitive Auctions Are Causing Developers to Drop Their Expectations for Government Subsidies

Europe achieved its lowest-ever bid for an offshore wind power project last week in a German auction in the North and Baltic Seas, an event that backs up a recent trend of cost reductions. Germany’s first so-called “reverse auction” for offshore wind shifts away from a feed-in tariff schemes in an approach intended to drive […]

April 18, 2017 Read More →

On the Blogs: German Offshore Wind Auction Delivers Record-Low Prices

CleanTechnica.com: Germany’s first competitive auction for offshore wind projects has not only delivered an average bid price that was “far below expectations” according to the Bundesnetzagentur, but also included what is likely one of the world’s first subsidy-free offshore wind projects. Germany’s federal energy markets regulator, the Bundesnetzagentur, announced Thursday the results of its first […]

April 18, 2017 Read More →

Coal-Mine Conversion in Germany

Bloomberg New Energy Finance: In projects and technology developments, pumped hydro storage has made headlines in Europe. A coal-mine that powered German industry for almost half a century will get a new lease of life when it’s turned into a giant battery that stores excess solar and wind energy. The state of North-Rhine Westphalia is […]

March 21, 2017 Read More →

Germany’s ‘Energy Revolution’ Is Felt in Poland and Czechoslovakia

Zeke Turner for the Wall Street Journal: A battle is raging in Central Europe over the balance of power—the electrical kind. Poland and the Czech Republic see Germany as an aggressor, overproducing electricity and dumping it across the border. Germany sees itself as a green-energy pioneer under unfair attacks from less innovative neighbors. As part […]

February 17, 2017 Read More →