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IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’

IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]

April 19, 2018 Read More →

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 →

Plug Pulled on Long-Delayed Clean Coal Project In Australia

The Sydney Morning-Herald: The last of a long list of government-backed “clean coal” projects has fallen over, with the Andrews government reluctantly confirming the end of a $90 million program announced amid much fanfare six years ago. After days of pressing by The Age, Treasurer Tim Pallas’ department issued a statement announcing the conclusion of the […]

April 19, 2018 Read More →

Iowa’s MidAmerican Continues Push to 100% Renewables

GreenBiz: Falling prices for solar and wind power, and support from customers, is helping the Iowa utility owned by Warren Buffett’s Berkshire Hathaway gain on its goal of generating 100 percent renewable energy for its customers, a company executive said. MidAmerican Energy, one of four utilities that Berkshire owns, is in one of the windiest places […]

April 18, 2018 Read More →

Opponents Question Need for PNM Coal Plant Repairs

The New Mexican: Nine advocacy groups, led by New Energy Economy, asked the New Mexico Public Regulation Commission to investigate the cause of a March blaze at the coal-fired San Juan Generating Station northwest of Farmington. The petitioners want to prevent Public Service Company of New Mexico from making substantial improvements to Unit 1, the […]

April 18, 2018 Read More →

West Virginia Senators Push Tax Subsidy Plan for Coal Plants

WVNews: Sen. Shelley Moore Capito (R-W.Va.) and Sen. Joe Manchin (D-W.Va.) are pushing legislation that would give tax breaks to help keep coal-fired power plants in operation. On Monday, Capito introduced the Electricity Reliability and Fuel Security Act, which would provide a temporary tax credit for existing coal-fired power plants to help cover a portion […]

April 18, 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 →

Vistra CEO: Coal Is ‘On Its Way Out’

CNBC: Coal is becoming a less competitive energy source with cheaper options like natural gas and other renewables on the market, Vistra Energy CEO Curtis Morgan told CNBC on Monday. “I don’t believe [coal] is going to have a renaissance,” Morgan said in an exclusive “Mad Money” interview. “I think it’s on its way out. As much […]

April 17, 2018 Read More →

China Moves to Slow Coal Imports

Reuters: The price of seaborne thermal coal in Asia may come under pressure as China moves to impose some import restrictions on imports of the polluting fuel. Several ports in southern and eastern China have introduced controls on coal imports, ranging from bans on unloadings to tightening customs clearances. Among ports banning imports is the […]

April 17, 2018 Read More →

Floating Offshore Wind Project Planned in California

S&P Global Market Intelligence ($): Off the rugged coast of Northern California’s Humboldt County, renewable energy developers are hoping to construct a utility-scale floating offshore wind farm, part of a broader effort to scale up the technology and turn floating wind into a global clean energy supplier. EDP Renováveis’ North American offshore wind unit formed […]

April 17, 2018 Read More →