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IEEFA Update: Norway Shows What to Do With Fading Oil and Gas Holdings

IEEFA Update: Norway Shows What to Do With Fading Oil and Gas Holdings

A Marquee Global Fund Sees Too Much Risk in Not Divesting

In recommending last week that oil stocks be excluded from its equity benchmark index, Norges Bank, the Norwegian Government Pension Fund Global (GPFG) manager, has moved oil stocks from a mainstream investment to a speculative grade risk. If Norway’s Finance Ministry and Parliament agree, GPFG will still invest in oil and gas stocks, but under […]

November 22, 2017 Read More →

IEEFA Germany: Czech Company That Got a Vattenfall Giveaway Wants More

Foreign Buyer of Lausitz Region Lignite Assets Wants to Have Its Cake and Eat It Too

When you take something off somebody’s hands at a discount price, especially when a shrewd seller is involved, common sense dictates that you might expect there to be some strings attached. Shouldn’t such common sense apply equally to the Czech energy company, EPH, which last year acquired—for less than a song—highly polluting lignite assets from […]

November 22, 2017 Read More →

IEEFA Op-Ed: Keystone XL Is Still a Stinker

Better Investments Are What Americans Want: Healthcare, Roads, Education

Despite project approval this week by a Nebraska commission, TransCanada faces steep market hurdles in its proposed buildout of the Keystone XL Pipeline. Keystone is the final phase of an oil transport system that would link producers in Canada and North Dakota with refiners and export terminals on the Gulf Coast. President Obama, citing environmental […]

November 22, 2017 Read More →
Hurdles Remain for Keystone XL

Hurdles Remain for Keystone XL

SNL: TransCanada Corp. finally secured the last major permit for its Keystone XL pipeline after a battle that lasted most of a decade, but it is an open question whether the company will build it after weighing legal, commercial and even new regulatory risks. While the C$8 billion Keystone XL project could yield at least […]

November 22, 2017 Read More →
Report: Renewables Will Drive ‘Steep Decline’ in Australian Electricity Prices

Report: Renewables Will Drive ‘Steep Decline’ in Australian Electricity Prices

The Guardian: Modelling commissioned by the Turnbull government as part of its efforts to back in the national energy guarantee says renewables will drive the first wave of price reductions under the policy. It also floats substantial regulatory intervention to stop the electricity market becoming even more concentrated. The work by Frontier Economics, obtained by […]

November 22, 2017 Read More →

Solar Emerging as the Leading Force in India’s Power-Generation Expansion

Quartz: The solar energy sector has accounted for the largest capacity addition to the Indian electricity grid so far this year. It has contributed around 39%—over 7,100 megawatts (MW)—to the overall capacity additions, according to data from Mercom Capital Group, a US-based research and consulting firm. For comparison, solar energy capacity additions stood at only […]

November 22, 2017 Read More →

Criticism in New Mexico of Utility’s Solar Market Control

Santa Fe New Mexican: Last week, the state Public Regulation Commission voted 3-2 to approve the utility company’s renewable energy portfolio plan, which include procuring solar, wind and geothermal power. The plan is aimed at meeting the goal of relying on renewable energy for 20 percent of the total energy mix in New Mexico. The […]

November 22, 2017 Read More →
IEEFA India: Peak Coal Demand in 10 Years

IEEFA India: Peak Coal Demand in 10 Years

Report: The International Energy Agency (IEA) Is Out of Touch; Latest Developments in Chile and Mexico Portend More

Nov. 21, 2017 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis sees India within a decade of peak thermal coal demand. In a report published today—“India’s Electricity Sector Transformation: Momentum Is Building; Peak Coal in Sight”—the institute projects a significant increase in renewable energy generation across India, a trend that will […]

November 21, 2017 Read More →

IEEFA Puerto Rico: The Solar Industry Delivers in Response to Humanitarian Crisis

Ekotek, SunRun and Tesla, Among Others, Suggest a Path to Grid Modernization

As Thanksgiving arrives in Puerto Rico, families will gather for their traditional celebrations. But some things will be markedly different this year: for thousands of families, the locations of the get-togethers will be chosen on the basis of whoever has electricity in their home, since so many residences are still without power two months after […]

November 21, 2017 Read More →
Tenaga Nasional Aims to Raise Annual Return on Assets

Tenaga Nasional Aims to Raise Annual Return on Assets

Asia Nikkei: Tenaga Nasional, Malaysia’s national electric utility firm, is seeking to raise its return on assets, pursue renewable energy projects and lift non-regulated revenue to help offset a slowing domestic growth. The company is targeting return on assets of 6.0%-6.4% and up to 4.0 billion ringgit ($0.97 billion) in revenue from non-regulated business this […]

November 21, 2017 Read More →