U.K.

IEEFA Research

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

Abundant offerings across a number of markets

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: 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 Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

A Sensible ‘Plan B’ for Hinkley Point C Project in Somerset Would Avoid Extending Public Loan Guarantees

Oct. 16, 2017 (IEEFA.org) — A research brief published today by the Institute for Energy Economics and Financial Analysis cautions the U.K. government against investing further in an unfinished nuclear project on the Bristol Channel in southwest England. The brief — “A Half-Built, High-Priced Nuclear White Elephant: How Should the U.K. Proceed With This Troubled […]

October 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 Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

Grid Proves Resilient in Face of 60% Drop in Coal Use in 2016; New Renewables and Interconnection Are the Future; Capacity Market Has Failed to Incentivize Modernization; More Targeted Auctions Would Help

The U.K.’s capacity market is the weak link in the country’s ongoing transition toward a resilient, low-carbon grid. That is one of the core findings in a  report—“Electricity-Grid Transition in the U.K.: As Coal-Fired Generation Recedes, Renewables and Reliable Generation Can Fill the Gap —we published today. The report finds that the U.K. grid is coping […]

March 9, 2017 Read More →
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 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 →

More News and Commentary

New French tender looks to jumpstart offshore wind development

Reuters: A French wind power tender has attracted interest from a slew of international energy heavyweights, signaling that France’s offshore wind industry could finally be taking off after years of missteps. While Britain and Germany have already built 8,200 and 6,400 megawatts (MW) of offshore wind capacity – enough to power millions of homes – […]

February 19, 2019 Read More →

Massive Hornsea One offshore wind project to generate first electricity this week

The Guardian: An offshore windfarm on the Yorkshire coast that will dwarf the world’s largest when completed is to supply its first power to the UK electricity grid this week. The Danish developer Ørsted, which will be installing the first of 174 turbines at Hornsea One, said it was ready to step up its plans […]

February 12, 2019 Read More →

EDF Energy to close one of its last coal plants in U.K.

Reuters: EDF Energy, part of French utility EDF, will cease power generation at its Cottam coal-fired power plant in Nottinghamshire, Britain, on Sept. 30, as it will no longer be economically viable to run, the company said on Thursday. The 2-gigawatt (GW) plant has been running for more than 50 years, but was designed to […]

February 7, 2019 Read More →

European offshore wind capacity up 18% in 2018

CNBC: European offshore wind capacity grew by 18 percent in 2018, according to statistics from trade body WindEurope. Europe installed 2.6 gigawatts (GW) of new offshore capacity, with 15 new offshore wind farms coming online. Breaking the figures down, the U.K. and Germany led the way, accounting for 85 percent of the region’s new capacity. […]

February 7, 2019 Read More →

China expected to take lead in offshore wind capacity by 2021

Greentech Media: The U.K., which now leads the world in offshore wind installations, will soon lose its title to China, despite plans to double its capacity by 2030. The analyst firm FTI Consulting expects China’s cumulative offshore capacity to pull ahead of the U.K. after 2021. That year, China is expected to have almost 10.9 […]

February 1, 2019 Read More →

Consultants say offshore wind may soon be U.K.’s cheapest renewable resource

ReNews: Offshore wind could surpass the onshore sector as the cheapest source of renewable energy in the UK by 2028 without changes to planning regulations, according to new research from consultancy Cornwall Insight. The consultancy bases its analysis on projections for capital costs by technology, fixed and variable operational costs, expected hurdle rates and locational […]

January 29, 2019 Read More →

Report projects British renewable generation topping fossil fuels by 2020

Clean Technica: Renewable electricity is on track to overtake fossil fuels to become the dominant source of electricity generation in Britain by 2020 according to a new report from British power analysts EnAppSys. EnAppSys published its annual market review and forecast earlier this month in which it outlined power figures from Great Britain’s electricity sector […]

January 24, 2019 Read More →

Hitachi reportedly on verge of canceling U.K. nuclear project

The Guardian: The Japanese conglomerate Hitachi looks certain to cancel its plans for a £16bn nuclear power station in Wales, leaving Britain’s ambitions for a nuclear renaissance in tatters. An impasse in months-long talks between the company, London and Tokyo on financing is expected to result in the flagship project being axed at a Hitachi […]

January 11, 2019 Read More →

Renewables produced record 33% of U.K. electricity in third quarter

The Guardian: Almost a third of the UK’s electricity came from renewable sources between July and September, as wind turbines and solar panels helped achieve a quarterly record for green energy. Major new offshore windfarms connecting to the grid pushed renewables to 33.1% of electricity generation across the quarter, up from 30% the year before. […]

December 21, 2018 Read More →

Budweiser to brew its British beverages with solar power by 2020

Reuters: Budweiser beer will be brewed in Britain using solar power from 2020 following a 15-year deal signed by brewer Anheuser-Busch InBev (AB InBev) and renewable power developer Lightsource BP, the companies said on Wednesday. Lightsource BP will develop and operate 100 megawatts (MW) of solar projects to generate enough electricity for AB InBev’s breweries. […]

December 20, 2018 Read More →