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IEEFA report: Argentina’s Vaca Muerta Patagonia fracking plan is financially risky, fiscally perilous

IEEFA report: Argentina’s Vaca Muerta Patagonia fracking plan is financially risky, fiscally perilous

Major investors Chevron, ExxonMobil, Equinor, Total, Shell and Tecpetrol are depending on tenuous subsidies

New York/Buenos Aires (March 21, 2019) — The Vaca Muerta oil and gas project, which promises to double oil and gas production over the next six years in Argentina, is facing such strong headwinds from current fiscal, market, political and environmental forces that “the plan is likely to fail,” according to a report released today […]

March 22, 2019 Read More →
IEEFA update: RWE, Uniper risk prolonging Dutch coal mistakes via compensation strategy

IEEFA update: RWE, Uniper risk prolonging Dutch coal mistakes via compensation strategy

Taxpayers and shareholders need to push back on accumulating costs

LONDON – The owners of three new Dutch coal power plants in the Netherlands are nursing around €4 billion in losses, as a result of market headwinds and a mandated coal phaseout, but only one, Engie, has decided to exit coal power in the country, as the remaining two, RWE and Uniper, hold out for […]

March 22, 2019 Read More →
IEEFA Arizona: Navajo vote blocks tribal acquisition of coal-fired power plant and mine

IEEFA Arizona: Navajo vote blocks tribal acquisition of coal-fired power plant and mine

NTEC drops plan to acquire Kayenta Mine and Navajo Generating Station

March 22, 2019 (IEEFA Arizona) — A vote by the Navajo Tribal Council blocking acquisition of the Navajo Generating Station (NGS) and Kayenta Mine spells closure for both, according to researchers at the Institute for Energy Economics and Financial Analysis (IEEFA). The Navajo Transitional Energy Company (NTEC), a tribally-owned company, had pushed for months to […]

March 22, 2019 Read More →

Experts: State efforts to bolster coal industry can’t stop the market

S&P Global Market Intelligence ($): Several state legislatures took up bills aimed at boosting coal during their 2019 sessions, but industry observers said the efforts will do little to turn the tide for the struggling sector. While some producers have been able to take advantage of strong export pricing in the global metallurgical market, many […]

March 22, 2019 Read More →

Grid-scale battery storage begins to take hold in India

Greentech Media: India is finally seeing the emergence of a grid-scale energy storage market after years of anticipation. This month the Solar Energy Corporation of India (SECI) invited bids for 3.6 gigawatt-hours of storage connected to 1.2 gigawatts of solar on India’s interstate transmission system, the biggest battery solicitation seen in the country so far. […]

March 22, 2019 Read More →

GE begins testing of innovative two-piece onshore wind turbine blade

ReNews.Biz: A prototype of GE’s 5MW-plus Cypress onshore wind turbine platform has started operating for the first time at a site in the Netherlands. Installation of the 5.3MW machine started late last year at Wieringermeer and the unit is now generating electricity at full-power, the company said. GE will continue to operate the prototype during […]

March 22, 2019 Read More →

African Development Bank to boost renewable energy funding

Financial Times ($): Renewable energy, particularly solar power, is the key to driving economic development in Africa and combating climate change, the president of the African Development Bank said, whilst committing to $25 billion in new climate financing between 2020 and 2025. “Africa has 11 terawatts of solar power potential: that’s the largest we find […]

March 22, 2019 Read More →

Canadian pension fund, Williams form pipeline entity targeting Marcellus and Utica basins

Reuters: Canada Pension Plan Investment Board is expanding its presence in the North American natural gas market through a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, which will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas-producing region in the United States. Canada’s largest pension fund will […]

March 22, 2019 Read More →
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IEEFA Australia: NSW’s transition plan for a declining coal market is still missing

State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously

The pipeline of coal-fired power projects in New South Wales’ biggest coal export destination is collapsing. In January 2019, the 2 gigawatt (GW) Chiba coal power project in Japan was cancelled. This follows the cancellation of the 1GW Soga coal-fired power project in December 2018. The 1.3GW Akita project has reportedly been cancelled according to […]

Decline in U.S. demand hitting domestic thermal coal miners hard

S&P Global Market Intelligence ($): Major U.S. coal producers that bit the bullet early and filed for bankruptcy a few years ago are now enjoying the benefits of improved coal markets and clean balance sheets, but the companies that avoided that first wave of reorganizations now find themselves particularly stressed by declining domestic demand. Two […]

March 21, 2019 Read More →