IEEFA In the News

After Supreme Court Order, Adani Power Faces Write-offs, Restating Accounts

April 14th, 2017

Business Standard: Adani Power faces write-offs, restating accounts and restructuring its power assets after the Supreme Court disallowed compensatory tariff for changes in international regulations. “The company is exploring restructuring subsidiaries, so that all assets can be brought under the holding company,” said a person with knowledge of the development. An email query to Adani […]

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Georgia’s Hammond Coal Plant Cuts Half Its 140-Employee Work Force

April 13th, 2017

Atlanta Journal-Constitution: Georgia Power is cutting over half of its work force at a coal-fired plant near Rome even as state regulators have been re-examining some of its operations. The Atlanta utility said 80 jobs are being eliminated at Plant Hammond, a 63-year-old facility on the Coosa River near Rome. Georgia Power spokesman John Kraft […]

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On the Blogs: India Turns Purposefully Away From Coal

April 13th, 2017

CircleofBlue.org: At the frontlines, the global pivot away from coal has been much swifter than almost anybody predicted. China, the world’s largest coal producer and consumer, has cancelled 300 coal-fired power plants in the last two years. In the United States, the world’s second-largest producer, coal production fell to 739 million tons last year, down […]

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Dutch Dig Deeper Into Coal Stranded-Asset Mistake

April 11th, 2017

Gerard Wynn for Renew Economy: In “The Dutch Coal Mistake” report we published late last year we warned of further write-downs to come from the extraordinary commissioning of three brand-new coal power plants in the Netherlands in 2015. That report spoke directly to the Dutch gaffe but raised broader questions about investing in new coal-powered […]

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26 Out of 28 Countries Agree

April 7th, 2017

Politico.com: European Union electricity utilities in every country except Poland and Greece made the surprise announcement Wednesday they won’t build any new coal-fired power plants after 2020, POLITICO Europe’s Anca Gurzu reports. That includes Germany, which gets around 40 percent of its power from coal. “While it could go further, especially to support the phase […]

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The Dutch Coal Mistake (Part Two)

April 7th, 2017

EnergyPost.EU: Uniper and Engie have made further write-downs on their still very new Dutch coal power plants, writes independent consultant Gerard Wynn, confirming the bleak prospects for coal power production in Europe. Yet Uniper is pressing on with plans to build another new coal plant in Germany. Courtesy IEEFA. In “The Dutch Coal Mistake” report […]

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U.S. Bureau of Land Management Changes Its Web Page From Green to Black

April 7th, 2017

Washington Post: It is a tale of two photographs, one light and airy, the other kind of, well, dark. On Wednesday, the feature photograph on the Bureau of Land Management’s homepage was an idyllic shot of what appears to be a sunrise over pretty green bluff, witnessed by a pair of backpackers. But seemingly overnight, […]

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Norway Dodges an Opportunity

April 7th, 2017

Bloomberg News: The Norwegian government is resisting calls for its $873 billion sovereign wealth fund, the world’s biggest, to add unlisted infrastructure projects to its portfolio of stocks, bonds and real estate. It should relent, recognizing both the financial and societal benefits from expanding the universe of potential investments available to the fund. But what […]

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On the Blogs: India’s Renewables Surge Continues

April 7th, 2017

SunWindEnergy.com: Tim Buckley, a Director at the Institute for Energy Economics and Financial Analysis, said “Goyal has put forward an energy plan that is commercially viable and commercially justified without subsidies, so you have big global corporations and utilities committing to it.” Vinjay Rustag, Managing Director of Bridge to India, said “When you talk to […]

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European Transition Momentum Seen as Catching Up With Coal Holdouts Poland and Greece

April 6th, 2017

Politico EU: A surprise announcement Wednesday by EU electricity utilities that they won’t build any new coal-fired power plants after 2020 was spoiled by Greece and Poland — two coal-dependent countries that have no intention of dropping the polluting fuel. Despite the Greek and Polish resistance, the agreement “shows that conventional utilities are aligning themselves […]

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