Energy Investment Trends

IEEFA Research

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 2018 Read More →
IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People

Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]

December 22, 2017 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: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Lagging Rising Trends Driven by Global Electricity-Generation Transition

October 12, 2017 (IEEFA) – The Philippines’ banking sector is dangerously exposed to a proposed new fleet of coal plants that are likely to become stranded assets if they are built, a report co-published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes. The plants would add more than 10,000 megawatts of […]

October 12, 2017 Read More →
IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

Markets Rendered a Harsh Judgment on a Bad Private-Equity Deal, Cheap Natural Gas, and the Rise of Wind-Powered Electricity

[First of two parts.] Last week Luminant and its new parent company, Vistra, announced the imminent closure of the 1,800-megawatts Monticello Power Plant in North Texas, near the Arkansas and Oklahoma state lines. It’s been a long time coming. The plant has operated at a loss for years, having failed to compete with low natural […]

Why Navajo Generating Station Is No Longer Commercially Viable

Why Navajo Generating Station Is No Longer Commercially Viable

The Institute for Energy Economics and Financial Analysis (IEEFA) has done extensive research into the difficult circumstances facing Navajo Generation Station. Key findings: Declining energy market prices and rising production costs have made power produced by the plant more expensive than competing sources. Market trends are not likely to change, leaving the plant’s financial viability […]

August 16, 2017 Read More →
IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

Out of Step With a Global Shift in the Energy Economy

We’ve just published a report that calls into serious question Indonesia’s plans to expand its commitment to coal-fired electricity generation. The report—“Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future”—analyzes Indonesia’s 2017-26 national energy blueprint and shows how long-term coal power contracts that the country is contemplating will not just […]

August 10, 2017 Read More →
IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

More News and Commentary

Midwestern Mega-Utility, Acknowledging ‘Era of Transformation,’ Announces Clean-Energy Shift

Columbus Dispatch: American Electric Power is announcing targets for reducing carbon dioxide emissions from its power plants, with an ultimate goal of cutting those levels, by 2050, to 80 percent less than they were in 2000. The Columbus-based utility says it is planning to reach the goal by following through on plans to increase use […]

February 8, 2018 Read More →

A Reality Gap at the U.S. Energy Information Administration

S&P Global Market Intelligence: According to the U.S. government’s annual energy forecast, domestic electricity use is expected to grow steadily through 2050 across all sectors after decades of slowing growth. Natural gas prices will determine how much coal and nuclear capacity survives through 2030 and beyond, according to the “2018 Annual Energy Outlook” from the […]

February 7, 2018 Read More →

Acknowledging Industry Shift, Oil Giant BP Pushes Further Into Clean Energy

The Guardian: BP has declared it is looking to acquire more green energy firms, as the British oil giant pledged to set carbon targets for its operations. However, while the chief executive, Bob Dudley, said the industry was in a period of major change, he made clear that hydrocarbons would remain the core of BP’s […]

February 7, 2018 Read More →

East Coast of U.S. Emerging Into a Hotbed for Offshore Wind

Scientific American/E&E news: Atlantic coast states might be protesting President Trump’s plan to expand offshore oil drilling, but they’re increasingly embracing a different kind of seaborne energy: wind. States bordering the outer continental shelf are looking for carbon-free electricity, even as the Trump administration rolls back rules requiring it. Last week, New Jersey Gov. Phil […]

February 6, 2018 Read More →

IEEFA Webinar: U.S. Coal: More Market Erosion is on the Way (Feb 6, 2 pm. ET)

The Institute for Energy Economics and Financial Analysis will host a webinar on Tuesday, February 6 (2 pm. ET) to provide an in-depth look at IEEFA’s 2018 Coal Outlook.

David Schlissel, IEEFA director of resource planning analysis, and Tom Sanzillo, IEEFA director of finance, will examine market forces causing a structural decline in the U.S. coal industry that will persist into 2018. The report—“U.S. Coal: More Market Erosion Is on the Way”—details how competition from cheap natural gas, the growing uptake of solar- and wind-powered generation, […]

February 2, 2018 Read More →

Institutional Investors Move Toward Bigger Stakes in Renewables and Clean-Energy Infrastructure

S&P Global Market Intelligence: A number of investors are positioning themselves to make big investments in the coming years to tackle climate change risks and help nations and local governments slash greenhouse gas emissions in line with the goals of the Paris Agreement on climate change. Participants at a Jan. 31 Investor Summit on Climate […]

February 2, 2018 Read More →

‘Halcyon Days’ of Coal Trading Are Past

Bloomberg News: The halcyon days of coal trading seem to be over as buying and selling of the world’s most widely used power-plant fuel plunged last year. For years the coal market defied a global pushback against the commodity by lawmakers and some of the world’s biggest money managers. After buying and selling almost tripled […]

February 1, 2018 Read More →

Report: Green Bond Market Will Grow by 30% in 2018

The Star Online (Malaysia): S&P Global Ratings said that strengthening green bond market fundamentals are likely to fuel about a 30% increase in self-labeled instruments globally in 2018. In a report published on Tuesday entitled, “Green bond issuance is expected to shoot up further,” it said that would push issuance to around US$200bil for the […]

January 30, 2018 Read More →

Report: Natural Gas and Renewables Will Account for All Generation-Capacity Additions in the U.S. This Year

S&P Global Market Intelligence: 2018 will see 42,499 MW of net generation capacity added to the U.S. electric grid, according to S&P Global Market Intelligence data. As of Jan. 10, 11,573 MW of operating capacity was scheduled to retire in 2018, while units expected to come online in 2018 totaled 54,072 MW. Another 2,686 MW […]

January 30, 2018 Read More →

‘Energy Execs Sound More Like Wild-Eyed Hippies Every Day’

Vox: Oldsters like me remember when the idea that (unsubsidized) renewable energy would be able to compete directly with fossil fuels was downright utopian. As late as the early 2000s, people were debating whether it would happen this century, or at all. But the extraordinary progress of renewables in the past two decades has moved […]

January 30, 2018 Read More →