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IEEFA report: Vast potential in India for solar-powered irrigation

Government initiatives seen as ‘steps in the right direction’; Deployment remains slow; A more robust program would help achieve 175-gigawatt renewable energy goal by 2020

Aug. 16, 2018 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) describes how a switch from conventional irrigation-pump systems to solar-powered ones in India would save enormous sums of money and generate income for farmers nationwide. The brief—“India: Vast Potential in Solar-Powered Irrigation”—notes that while the […]

August 16, 2018 Read More →
IEEFA report: Marubeni’s coal commitments are creating ‘needless reputational and financial risk’

IEEFA report: Marubeni’s coal commitments are creating ‘needless reputational and financial risk’

Japanese multinational’s strategy is putting its global power business in jeopardy; Bigger and better opportunities in renewables

July 30, 2018 (IEEFA.org) —Japanese multinational Marubeni Corp.’s coal-fired power generation strategy has left the company dangerously exposed to rapid changes in global energy markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The company’s renewable energy business, on the other hand, has the potential to drive profitability at […]

IEEFA report: India has a new leader in renewable energy

IEEFA report: India has a new leader in renewable energy

Karnataka surpasses Tamil Nadu; Policies encouraging less reliance on imported fuel drive uptake of solar and wind; ‘Clear and rising risk’ in traditional thermal sector

July 24, 2018 (IEEFA) — The Indian state of Karnataka has become the new national leader in renewable energy generation, concludes a report published today by the Institute for Energy Economics and Financial Analysis. Karnataka, which lies along the southwest coast of India and has a population of more than 60 million, had a total of 12.3 […]

IEEFA update: U.K. pension funds lag in renewable energy infrastructure investing

Abundant offerings across a number of markets

LONDON — Local U.K. government pension schemes are gradually increasing their unlisted infrastructure holdings, driven by examples set by trail-blazing funds and by a new government initiative to increase the scale of such investments. But few are investing explicitly in renewable energy, the biggest single segment of infrastructure investment in the world (infrastructure investing involves real […]

July 19, 2018 Read More →
IEEFA report: Effects of long-running oil-purchase scandal undermine privatization and contract-reform initiatives at PREPA

IEEFA report: Effects of long-running oil-purchase scandal undermine privatization and contract-reform initiatives at PREPA

A scheme that contributed to utility’s ruin and a pattern of whistleblower suppression; Potential new grounds for bondholder claims in bankruptcy proceeding; ‘History is repeating itself in Puerto Rico’

July 18, 2018, SAN JUAN (IEEFA) — A long-running practice in which Puerto Rico’s public utility bought low-quality oil at high-quality prices has been mostly ignored in Gov. Ricardo Rosselló’s privatization of the Puerto Rico Electric Power Authority (PREPA). A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) — “Multibillion-Dollar Oil […]

IEEFA report: Fund trustees face growing fiduciary pressure to divest from fossil fuels

Oil, gas, and coal industries are seen as ‘increasingly speculative;’ Sector will continue to be weighed down by lackluster rewards and daunting risks; A ‘proper financial response’ is due

July 10, 2018 (IEEFA) — A paper published today by the Institute for Energy Economics and Financial Analysis details the growing rationale for divesting from the fossil fuel industry. The paper—“The Financial Case for Fossil Fuel Divestment”—is aimed primarily at trustees of investment funds that continue to hold stakes in a sector that is freighted […]

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense

June 13, 2018 (IEEFA) – New air pollution regulations coupled with rising carbon prices put Poland’s biggest utility, PGE, at serious risk of financial disarray if it continues to pursue a coal-heavy upgrade strategy, concludes a report published today by the Institute for Energy Economics and Financial Analysis. A strategic shift toward a renewable energy-based […]

IEEFA Puerto Rico: PREPA’s Approved Budget Faces Five Years of Shortfalls

Report Puts Average Annual Budget Deficits at $1 Billion; Privatization Will Compound Risks; Hurdles Include Debt Burden and Costly Dependence on Imported Gas and Oil for Electricity Generation

May 25, 1018 (IEEFA) — A budget review published today by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid. The plan, certified in April by […]

IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

Rapid Cost Deflation, Broad Gains in Scale; Key Momentum in China and India; Crucial Support From International Capital Markets and Tech Giants; Expansion Role Seen for National Governments

May 21, 2018 (IEEFA.org) – A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. The study—“Solar Is Driving a Global Shift in Energy Markets”—details some of the world’s biggest utility-scale […]

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IEEFA update: China moves heavily into foreign wind markets

IEEFA update: China moves heavily into foreign wind markets

$12 billion invested in Australia and Europe alone; Reach goes well beyond formal Belt and Road Initiative; ‘This is a superpower taking its energy policy global’

Aug. 16, 2018 (IEEFA) — China’s investment in foreign wind-powered electricity markets has surpassed US$12 billion in Europe and Australia alone as private and stated-owned Chinese companies move aggressively to capitalize on fast-growing renewable energy markets, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). Most of the […]

August 16, 2018 Read More →

IEEFA report: Vast potential in India for solar-powered irrigation

Government initiatives seen as ‘steps in the right direction’; Deployment remains slow; A more robust program would help achieve 175-gigawatt renewable energy goal by 2020

Aug. 16, 2018 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) describes how a switch from conventional irrigation-pump systems to solar-powered ones in India would save enormous sums of money and generate income for farmers nationwide. The brief—“India: Vast Potential in Solar-Powered Irrigation”—notes that while the […]

August 16, 2018 Read More →

Rhodium Group: More coal plant retirements looming

Greentech Media: The U.S. coal power plant fleet has been shrinking for years, with the official tally of coal plants closed exceeding those still open as of late last year. Another 43 gigawatts, or about 18 percent of the remaining 249 gigawatts of capacity, is expected to close by 2030.   Absent “market interventions at […]

August 16, 2018 Read More →

Federal judge orders updated environmental review for Keystone XL

Omaha World-Record: A federal court in Montana has ruled that TransCanada must conduct an additional environmental review before it moves forward with the alternative route that has been approved for the controversial Keystone XL pipeline. The decision is being hailed by those opposing the pipeline as a victory. However, it’s not clear whether the decision […]

August 16, 2018 Read More →

Solar helps Japan cope with sweltering summer

Nikkei Asian Review: As temperatures soared to record highs across Japan this summer and people scrambled to beat the heat, power companies turned to solar power to weather the surge in air conditioner usage. After the March 2011 earthquake and tsunami, which forced the shutdown of all nuclear power plants — most of which are […]

August 16, 2018 Read More →

Fluence announces largest Canadian battery storage project

Energy Storage News: A vast new energy storage system – thought to be the largest of its kind in Canada to date with 48 MW/144 MWh capacity, will be built in the city of Sault Ste Marie, Ontario. Fluence, the venture jointly owned by developer AES Corporation and Siemens, will provide energy storage technology and […]

August 16, 2018 Read More →

India seeks bids for solar-wind-battery system

Mercom India: The Solar Energy Corporation of India Limited (SECI) has issued a tender for the development of 160 MW of solar-wind hybrid power project with battery energy storage system (BESS) at Ramagiri, located in Anantapur district of Andhra Pradesh. The scope of work includes the design, engineering, supply, construction, installation, testing, and commissioning of […]

August 16, 2018 Read More →

Maryland takes lead in forcing coal plants to clean up water discharges

The Baltimore Sun: Maryland is requiring three coal power plants to limit the amount of mercury, arsenic and other toxic metals they release into the Potomac and Patuxent rivers starting in 2020, amid uncertainty over whether the federal government will address the discharges. State environmental regulators issued the new water discharge permits to the Chalk […]

August 15, 2018 Read More →

Gigawatt-sized Cultana Solar Farm takes shape in South Australia

The Guardian: Billionaire UK industrialist Sanjeev Gupta has launched a $1bn, one-gigawatt renewable energy plan based in South Australia’s mid-north that he says will lead Australian industry’s transition to more competitive power. In the first of a number of projects slated for the upper Spencer Gulf region, which will also include a lithium-ion battery bigger […]

August 15, 2018 Read More →

China challenges U.S. solar tariffs at WTO

Associated Press: China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump over trade and technology. The 30 percent tariffs announced in January improperly help U.S. producers in violation of WTO rules, the Commerce Ministry said. It said a […]

August 15, 2018 Read More →