Energy Markets

IEEFA Research

IEEFA report: Coal Outlook 2019

IEEFA report: Coal Outlook 2019

Utilities transitioning away from coal towards natural gas and renewables

New York, March 26, 2019 (IEEFA) — The long-term structural decline of the U.S. coal industry continued in 2018, with a record total of coal generation capacity retired and a further drop in utility coal consumption to levels not seen since the early 1980s, according to the Coal Outlook 2019 released today by the Institute […]

IEEFA India: Low carbon electricity using pumped hydro storage

Global examples provide roadmap for India’s energy transformation

Five years ago, India committed to an ambitious transformational target of 275 gigawatts (GW) of renewable energy installations by 2027. The target for new installs of 30-40GW annually puts India on track to be one of the largest developers of renewables globally, potentially second only to China. To do this, India must continue to modernise […]

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 →
Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Los principales inversores Chevron, ExxonMobil, Equinor, Total, Shell y Tecpetrol dependen de subvenciones frágiles.

Nueva York/Buenos Aires (21 de marzo de 2019) – El proyecto de gas y petróleo Vaca Muerta, que promete duplicar la producción de ambos combustibles en los próximos seis años en Argentina, enfrenta obstáculos tan fuertes por las actuales fuerzas fiscales, de mercado, políticas y ambientales que “el plan probable fracase”, según un informe publicado […]

March 21, 2019 Read More →
Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

More red flags point to industry in decline

March 19, 2019 (Sightline/IEEFA) — Record-setting oil and gas production in Q4 did not lead to corresponding financial success. To the contrary, U.S. fracking-focused companies “spilled alarming volumes of red ink in 2018,” according to a report released today by the Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The joint […]

March 20, 2019 Read More →
IEEFA report: The Philippine energy transition

IEEFA report: The Philippine energy transition

Efforts needed to attract investment and reduce electricity prices

MANILA, March 12, 2019 (IEEFA) — Electricity prices in the Philippines are the highest in South East Asia and utilities rely excessively on imported coal and diesel, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA report, The Philippine Energy Transition, Building a Robust Power Market, attributes […]

March 12, 2019 Read More →
IEEFA report: Indonesia’s solar policies – designed to fail?

IEEFA report: Indonesia’s solar policies – designed to fail?

Local production and other requirements discourage new adopters

JAKARTA, February 27, 2019 (IEEFA) – Indonesia’s policies are getting in the way of wider introduction of solar energy, according to a report released Feb. 27 by the Institute for Energy Economics and Financial Analysis (IEEFA). The country has lagged behind others in the region and IEEFA analysts urge introducing new regulations that encourage investment. […]

February 27, 2019 Read More →

IEEFA update: Andrew Cuomo got it right on New York’s fracking ban

Despite opponents’ fears, ban likely saved investors billions

New York State, under the leadership of Governor Andrew Cuomo, instituted a ban on hydraulic fracturing (fracking) in 2014. Not surprisingly, the ban was hotly contested. Opponents had portrayed fracking as a silver bullet that would create jobs and promote economic development.  They predicted the state’s citizens would regret Cuomo’s decision. A retrospective analysis of […]

IEEFA report: Financial case builds for fossil fuel divestment

IEEFA report: Financial case builds for fossil fuel divestment

Money managers need to recognize poor market performance

The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts […]

February 8, 2019 Read More →
IEEFA report: The vanishing case for the Atlantic Coast Pipeline

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

Declining demand and more affordable renewables raise new questions about viability

January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]

January 29, 2019 Read More →

More News and Commentary

New England transmission operator projects sharp rise in solar generation through 2028

Platts: ISO New England Tuesday discussed its 2019 solar power capacity forecast with stakeholders, which showed a regional cumulative installed capacity increase to 6,744 MW in 2028 from 2,884 MW at the end of 2018, a 134% jump. The grid operator’s Final 2019 PV Forecast that was presented to the Distributed Generation Forecast Working Group […]

March 21, 2019 Read More →
Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Los principales inversores Chevron, ExxonMobil, Equinor, Total, Shell y Tecpetrol dependen de subvenciones frágiles.

Nueva York/Buenos Aires (21 de marzo de 2019) – El proyecto de gas y petróleo Vaca Muerta, que promete duplicar la producción de ambos combustibles en los próximos seis años en Argentina, enfrenta obstáculos tan fuertes por las actuales fuerzas fiscales, de mercado, políticas y ambientales que “el plan probable fracase”, según un informe publicado […]

March 21, 2019 Read More →
Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

Sightline/IEEFA report: U.S. fracking industry posts disappointing Q4 results

More red flags point to industry in decline

March 19, 2019 (Sightline/IEEFA) — Record-setting oil and gas production in Q4 did not lead to corresponding financial success. To the contrary, U.S. fracking-focused companies “spilled alarming volumes of red ink in 2018,” according to a report released today by the Sightline Institute and the Institute for Energy Economics and Financial Analysis (IEEFA). The joint […]

March 20, 2019 Read More →

Navajo coal plant owners to move forward with decommissioning plans

Bloomberg Environment ($): The majority owner of the West’s largest coal-fired electricity plant is “closing in on” awarding five contracts to start decommissioning the plant, and could be ready to award them in April, the owner says. The Salt River Project, which owns 43 percent of the 2,250-megawatt Navajo Generating Station, also told Bloomberg Environment […]

March 20, 2019 Read More →

‘Save Colstrip’ bill will cost Montana consumers, PSC staff warns

Billings Gazette: The Republicans’ play to bail out Colstrip will cost each NorthWestern Energy customer at least $721 and may not work, according to Montana Public Service Commission analysts. Analysts for the state’s commission of elected utility regulators laid out the costs Monday and recommended the PSC oppose the latest bill on Colstrip. At issue […]

March 20, 2019 Read More →

Wood Mackenzie: India, Asia Pacific region to power major increase in wind capacity

The Economic Times: Aggressive renewable energy targets in India and “explosive” growth in the offshore sector are expected to drive a 10-year CAGR of 12.2 per cent in the wind energy sector in Asia Pacific, excluding China, said a report by research group Wood Mackenzie. “Target compliance in India is likely to bifurcate the next […]

March 20, 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 19, 2019 Read More →

Japanese investors moving away from coal in ‘monumental’ shift

The Guardian: Major Japanese investors, including those most indebted to coal, are seeking to back large-scale renewables projects across Asia, marking a “monumental” shift that energy market analysts say is “the start of the end for thermal coal”. At the same time, Japanese banks and trading houses are walking away from coal investments, selling out […]

March 18, 2019 Read More →
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IEEFA update: Get out now — Norway’s fossil fuel epiphany

Divesting fossil fuel stocks challenges conventional wisdom on economic future of oil and gas industry

Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, has decided to “sell.” They have announced plans to divest from 134 oil and gas exploration and production companies held in its US$1 trillion investment fund. The fund will continue — at least for now — to hold onto the stocks of large, […]

IEEFA update: Where are the customers for the Navajo Generating Station?

IEEFA update: Where are the customers for the Navajo Generating Station?

Lack of “revenue certainty,” continuing market risks, and over $150 million in deferred maintenance costs raise further doubts

As debate intensifies around the merits of Navajo Transitional Energy Company’s (NTEC) plan to acquire the Navajo Generating Station (NGS) power plant and associated Kayenta mine, fundamental questions about its ability to attract customers and cover liabilities connected with the enterprise remain unanswered. A closer look at the evolution of the deal, however, offers several […]