U.K.

IEEFA Research

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

U.K. pension funds given OK to divest potentially stranded fossil fuel investments

The Guardian: Managers of the £1.5 trillion invested in Britain’s workplace pension schemes are to be given new powers to dump shares in oil, gas and coal companies in favor of long-term investment in green and “social impact” opportunities. Government proposals published on Monday are designed to give pension fund trustees more confidence to divest […]

June 18, 2018 Read More →

EU boosts 2030 renewable energy target to 32%

The Guardian: The EU is raising its target for the amount of energy it consumes from renewable sources, in a deal lauded by the bloc’s climate chief as a hard-won victory for the switch to clean energy. Energy ministers agreed a binding renewable energy target of 32% by 2030, up from the previous goal of […]

June 14, 2018 Read More →

Sweden’s Vattenfall sees benefits in co-locating wind, storage

Greentech Media: Swedish energy giant Vattenfall has found a way to further cut the cost of grid-scale energy storage: share the infrastructure with a wind farm. The company has announced the commissioning of what it said was “the largest co-located battery installed in the United Kingdom”— a 22-megawatt plant, which shares electrical plans with the […]

June 5, 2018 Read More →

As global transition gains momentum, institutional investors question G7’s resistance

Reuters: Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas emissions were too weak to limit warming as agreed by world […]

June 4, 2018 Read More →

Blockchain Pilot Seeks to Reduce Renewable Energy Curtailment Problems

Greentech Media: Centrica is hoping the blockchain could help rein in renewable energy curtailment that affects up to 10 percent of production in the U.K. It is planning a pilot to help prosumers buy and sell locally produced energy in a county where significant amounts go to waste. The British multinational utility last month announced […]

May 18, 2018 Read More →

Barclays Takes Harder Line On Coal Project Financing

Clean Technica: Barclays, one of the four “Big Banks” in the U.K., silently made big news last month, shifting its policies regarding financing coal mining and coal-fired power plants, as well as declaring “no appetite” for projects in World Heritage Sites or Ramsar Wetlands locations. The bank declared in the first of two policy statements […]

May 17, 2018 Read More →

Report: U.K. Can Go Straight From ‘Coal To Clean’

The Guardian: The U.K. has no need to build new large gas-fired power stations to replace the coal plants that the government has pledged to switch off by 2025, the World Wide Fund for Nature has argued. The gap can instead be filled by renewables, battery storage and flexible technologies, allowing the U.K. to go […]

May 14, 2018 Read More →

Statoil Sees Growth Potential in Offshore Wind

Reuters: LONDON/OSLO—Statoil is working with its partner SSE to develop the Dogger Bank offshore wind project so it can take part in Britain’s renewable energy subsidy auction in 2019, the company said on Friday. The planned 4.8-gigawatt (GW) Dogger Bank project, which has approval from the British authorities, is set to become the world’s largest […]

May 8, 2018 Read More →

U.K. Sets New Record for Coal-Free Generation

The Independent: Britain has gone more than two days without using any coal-fired power for the first time in more than a century. The record run of almost 55 hours of coal-free electricity generation between Monday and Thursday is a mark of the fossil fuel’s “rapid decline,” experts said. It is the first time the nation […]

April 20, 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 →