South Africa

IEEFA Research

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

March 12, 2019 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 →
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 →

More News and Commentary

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

March 12, 2019 Read More →

ENGIE completes 100MW solar-plus-storage project in South Africa

Renew Economy: French electric utility ENGIE has completed and begun production from one of South Africa’s largest renewable energy projects, the 100MW Kathu Solar Park, a concentrated solar plant (CSP) with storage located in the Northern Cape province. The Kathu Solar Park consists of parabolic trough technology and is equipped with a molten salt storage […]

March 11, 2019 Read More →

Over-budget, long-delayed coal plants put South Africa’s electric system on edge

Bloomberg: South Africa’s debt-laden power utility raced to stabilize the grid this week by resorting to the most intense supply cuts in four years. Eskom Holdings SOC Ltd. implemented blackouts for a third day on Tuesday, removing 3,000 megawatts from the system after so-called stage 4 rotational power cuts, or 4,000 megawatts, on Monday as […]

February 14, 2019 Read More →

Nedbank funding about-face puts future of two new South Africa coal plants in doubt

Fin24: This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for funding the construction of the Thabametsi and Khanyisa independent power producers (IPPs) has lapsed and will not be renewed. This follows a corporate policy announced in early 2018 that the […]

January 31, 2019 Read More →

Opinion: South Africa’s coal-heavy draft IRP is misguided

Business Day: The minister of energy, Jeff Radebe, published a draft of [South Africa’s] long-awaited new Integrated Resource Plan (IRP) for the power sector last week. Most observers are relieved that the draft does not include expensive nuclear power being forced into a “policy adjusted” plan with potentially disastrous financial and other consequences for SA, […]

September 4, 2018 Read More →

New South Africa plan looks to cut coal reliance, expand renewables

Bloomberg: South Africa has dropped proposals to boost supply from nuclear plants in its latest energy blueprint and will increasingly harness renewable sources as it trims a reliance on coal. “There will be a study to determine if more nuclear is needed after 2030,” Energy Minister Jeff Radebe told reporters in Pretoria on Monday. “But […]

August 27, 2018 Read More →
IEEFA South Africa: A New Coal Project Meant to Serve Export Markets Is Unlikely to Achieve Lasting Success

IEEFA South Africa: A New Coal Project Meant to Serve Export Markets Is Unlikely to Achieve Lasting Success

Structural Changes in Global Seaborne Thermal Markets Make for Long Odds

A proposal to develop a new, export thermal coal mine in Limpopo province, South Africa, faces too many headwinds to ever achieve long-term success. Resource Generation (ResGen), a company that is publicly listed in Australia and South Africa, plans to mine coal mostly for exports markets from its Boikarabelo project. The company also says it […]

South African Court Dismisses Coal Industry Move to Block $4.7 Billion Investment in Renewables

Reuters: A South African court on Thursday dismissed a bid to block $4.7 billion in renewable power contracts, an energy ministry spokeswoman said, removing an obstacle to the first major investment deal under President Cyril Ramaphosa.The last-minute legal challenge was lodged earlier this month by the National Union of Metalworkers (NUMSA) and Transform RSA, a […]

March 30, 2018 Read More →
IEEFA Guest Commentary: The Sensible Path Forward for South Africa’s Eskom

IEEFA Guest Commentary: The Sensible Path Forward for South Africa’s Eskom

Decommissioning Old Coal-Fired Plants and Curtailing Construction of New Ones Is in the National Interest

South Africa’s national power utility, Eskom, would do well by its ratepayers and investors to decommission its older coal-fired power stations and consider curtailing construction of its controversial 4,800-megawatt Kusile Power Plant project. A study published earlier this month by my firm, Meridian Economics, explains how these interventions would save hundreds of millions of dollars […]

Study: South Africa’s Eskom Overexposed to Coal

Business Day (South Africa): Eskom should curtail the construction of Kusile and retire several of its old coal-fired power stations early to save itself billions and shield consumers from excessive energy costs, a new study suggests. The study, by consultancy Meridian Economics, also says that if SA is to pursue a least-cost path for energy […]

November 16, 2017 Read More →