India

IEEFA Research

IEEFA Report: State-Owned Utility NTPC Takes a Lead Role in India’s Electricity Transition

IEEFA Report: State-Owned Utility NTPC Takes a Lead Role in India’s Electricity Transition

Country’s Largest Generation Company—Ranked Third Globally in Coal-Fired Capacity and Seventh in Generation—Emerges as Key Supporter of Government’s Renewable-Energy Initiative

May 25, 2017 (IEEFA.org) — The state-owned Indian utility NTPC is playing a key role in India’s push toward retooling its electricity-generation system, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report—“NTPC as a Force in India’s Electricity Transition: Leading the Way Toward a New Energy Economy”—details how […]

IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

We See a Viable and Sensible Renewables Path to Rapid Eradication of Energy Poverty and to Improvements in Health and Education

We’ve just published a report that outlines a highly feasible and more cost-effective alternative to expand electrification in Bangladesh than what the Bangladesh government has in mind. Our blueprint—“Bangladesh Electricity Transition: A Diverse, Secure and Deflationary Way Forward”—outlines an expansion that would be cheaper, cleaner and provide more national energy security. Our research models an […]

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

November 17, 2016 Read More →

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →
IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

Viability Issues Continue to Complicate New Coal-Fired Projects

We’ve published a report today noting that while India has undergone an admirable energy-policy shift over the past few years, it is clinging unwisely to plans to build two costly coal-fired Ultra Mega Power Plants. Our report—“India’s Questionable Ultra Mega Power Plans”— details how these UMPP projects stand in jarring contrast to better-advised initiatives that […]

August 3, 2016 Read More →
A Step Backward for Bangladesh

A Step Backward for Bangladesh

Rampal Power Project: Fraught With Unacceptable Risk and Out of Step With the Times

We’ve published a report today that explains how the proposed coal-fired Rampal Power Plant in southwest Bangladesh would drive up electricity rates, cost far more than its promoters say, and put investors and consumers at a myriad of risks. Our report, “Risky and Over-Subsidized: A Financial Analysis of the Rampal Power Plant,” outlines why the […]

India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

India’s Plan to Build 12 New Nuclear Reactors Is Fraught With Risk

Projects at Kovvada and Mithi Virdi Are Not Economically or Financially Viable

We’ve just published a report that explores what we believe are unacceptably high risks and costs of the Indian government’s proposal to build 12 new nuclear reactors. Our study, “Bad Choice: The Risks, Costs and Viability of Proposed U.S. Nuclear Reactors in India,” finds the plan, which would put six reactors each at Kovvada and […]

Coal Won’t Solve the Energy Poverty Problem

Coal Won’t Solve the Energy Poverty Problem

Times Have Changed; Old Electricity-Generation Models Don’t Work Anymore

Coal-fired electricity is no longer the economy builder its proponents say it is. Time was when coal in fact did contribute to growth in many economies, but times have changed. Today governments and private interests worldwide concede—even emphasize—the economic and environmental dysfunction of coal. We’ve just published an IEEFA Briefing Note (“Energy Poverty, Then and […]

March 3, 2016 Read More →
Report: Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset

Report: Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset

Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset (pdf)

December 18, 2015 Read More →
Eight (8) Signs Now Is the Time to Invest in Energy Transformation

Eight (8) Signs Now Is the Time to Invest in Energy Transformation

Rapid Change Is Already Being Driven by New Policies and the Shifting Sands of Finance

Evidence continues to mount that the world is beyond peak coal consumption and that its appetite for thermal coal is waning. This trend has gathered remarkable momentum in 2015, as seen in sharp consumption declines in key coal markets. We’ve published a report today that explores recent developments around the world: “Carpe Diem: Eight Signs […]

and November 27, 2015 Read More →

More News and Commentary

Surging Demand for Indian Green Bonds

Bloomberg News: Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp.’s $600 million issue […]

July 20, 2017 Read More →

IEEFA Op-Ed: The World Is Watching as the Biggest Utility in the Second Most Populous Country Shifts Gears

India's National Thermal Power Corporation Emerges as a Transition Cornerstone

A Morgan Stanley downgrade this month of the Indian utilities industry highlights how renewable energy is becoming so cheap that thermal power, mostly coal, is no longer competitive. This is a highly significant market signal likely to be accompanied by further growth in the already impressive number of high-caliber international investors moving into India’s renewables […]

July 19, 2017 Read More →

Wind Bids in India Likely to Set New Record Low

LiveMint (India): Wind power tariffs are expected to fall to a record of around Rs3.30 per unit in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI). SECI has received bids for three times the grid-linked capacity on offer. Wind power tariffs in India followed the solar route and hit a […]

July 19, 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 →

Morgan Stanley Downgrades Indian Utilities, Saying Thermal Power Won’t Be Able to Compete with Solar

Sree Ram in LiveMint: Morgan Stanley Research has downgraded the Indian utilities industry, citing the threat from renewable power. These risks were not unknown, but the brokerage firm goes further and says the market is yet to fully price-in the impact of solar power, becoming the cheapest form of new electricity generation. As demand remains […]

July 14, 2017 Read More →

Adani’s Tata Mundra Plant, Fueled by Imported Coal, Is ‘A Clear Stranded Asset’

Vishal Gulati in the Hans India: India’s ultra thermal plants, designed to run on foreign coal, may no longer afford to do so economically in the future, says a top financial analyst with a leading US-based institute. This can be seen in the case of India’s two largest thermal power projects in Gujarat’s port town […]

July 10, 2017 Read More →

To Transform Electric Sector, India Must Modernize the Grid

  Vishal Gulati  in SME Times: India’s power grid needs to be upgraded if the plan to sharply step up power from renewable energy is to be successful, an energy expert has said. “The now-outdated grid interface needs to be modernised into a smart grid capable of handling the ever-greater share of generation to come […]

July 7, 2017 Read More →
IEEFA Update: Turkey Wakes up to Solar Opportunity

IEEFA Update: Turkey Wakes up to Solar Opportunity

Proposed New Project Would Be One of the World’s Largest; Turkey has High Solar Potential

Turkey is right to seek to diversify from imported natural gas, seeking indigenous energy alternatives, but so far has missed an important part of the answer in solar power. That may about to change, with the award of a power purchase agreement for a plant of up to 1,000 megawatts (MW) – which would be one of the world’s biggest – on condition […]

July 6, 2017 Read More →

On the Blogs: The Risk in Partnering With Westinghouse

TheQuint.com: The Narendra Modi government sought to revive a 20 billion dollar deal for a nuclear power plant with US-based firm Westinghouse on 28 June. However, the track record of the company does not inspire confidence, say experts. The deadline for finalising contractual arrangements with India was June 2017 and it hasn’t been met yet. […]

June 30, 2017 Read More →

Trump Ignores India Energy Policy Progress

Washington Times: Cooperating in the fight against climate change had been a central part of the U.S.-India relationship under President Barack Obama, but the issue was relegated to the back burner Monday during President Trump’s meeting with Indian Prime Minister Narendra Modi. As part of its commitment under the landmark international deal, India promised to […]

June 27, 2017 Read More →