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IEEFA Research

IEEFA Puerto Rico: The PREPA Restructuring Plan Before Congress Is Not Realistic and Does Not Hold All Players Accountable

IEEFA Puerto Rico: The PREPA Restructuring Plan Before Congress Is Not Realistic and Does Not Hold All Players Accountable

Bondholders and Dealmakers Are Not Stepping Up; Citizen Ratepayers and Taxpayers Are Left Holding the Bag Under Proposal Before Congress

Puerto Rico’s electricity-system imbroglio is in the public eye today in Washington, where a house subcommittee is holding a public hearing on a plan to restructure the Puerto Rico Electric Power Authority’s staggering $9.5 billion debt. We’ve written a letter to the subcommittee chairman, Rep. Doug LaMalfa, detailing how the debt restructuring plan sells Puerto Rico […]

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IEEFA Report: A Renewables Path to Japanese Energy Security in a Post-Nuclear Era

IEEFA Report: A Renewables Path to Japanese Energy Security in a Post-Nuclear Era

Eliminating High-Risk Dependence on Imported Fuels; Exploiting Domestic Technology Advantages; Avoiding Stranded Assets in Misguided Coal Projects

We’ve just published a report that details how Japan’s post-nuclear electricity-generation economy can be viably retooled around renewable energy. Our report—“Japan: Greater Energy Security Through Renewables: Electricity Transformation in a Post-Nuclear Economy”—emphasizes the potential for national energy security through renewables, most especially wind and solar. This report documents how government policies adopted in the wake […]

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IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

IEEFA Report: A U.K. Electricity Transformation Under Way, But in Need of Better Direction

Grid Proves Resilient in Face of 60% Drop in Coal Use in 2016; New Renewables and Interconnection Are the Future; Capacity Market Has Failed to Incentivize Modernization; More Targeted Auctions Would Help

The U.K.’s capacity market is the weak link in the country’s ongoing transition toward a resilient, low-carbon grid. That is one of the core findings in a  report—“Electricity-Grid Transition in the U.K.: As Coal-Fired Generation Recedes, Renewables and Reliable Generation Can Fill the Gap —we published today. The report finds that the U.K. grid is coping […]

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IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

The Sector is Growing, Returns Are Reliable, the Outlook is Positive

We published a report this morning that highlights how Norway is at a historic crossroads in how it manages some of its vast national wealth bound up in the Government Pension Fund Global (GPFG). Indeed, GPFG is facing an unusually opportune moment this summer, as Parliament considers whether to enact a mandate that would have […]

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IEEFA Puerto Rico: How to Play Hardball With Bondholders

Lessons for PREPA on Placing Customers (and the Economy) Ahead of Creditors

How much of its more than $8 billion in debt can the essentially bankrupt Puerto Rico Electric Power Authority pay back? A federal oversight board appointed four months ago to supervise debt restructuring for the entire Puerto Rican government offered up an indication last week. The board, empaneled in October under the auspices of the […]

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IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

Production Declining by as Much as 40 Million Tons; Prices Failing to Benefit Shareholders or Stimulate New Investment; Anemic Exports; Little or No Gain From Regulatory Relief; Increasingly Dim Employment Prospects

We’re out this morning with our annual outlook for U.S. coal markets, and the picture isn’t pretty. We see the potential for some short-lived strength in the current uptick for coal producers but the title of our assessment sums up the larger view: “Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals.” You can […]

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IEEFA Report: China Set to Dominate U.S. in Global Renewables Boom; $32 Billion in Overseas Investments in 2016 Alone

World’s 2nd-Biggest Economy Is Bankrolling Far More Projects, and in More Countries; Gap Will Widen If Trump Administration Delivers on Policy Intentions; ‘Clean Energy Isn’t a Sector to Turn Away From’

Jan 6, 2017 (IEEFA.org) – China will likely expand its dominance of the booming global renewable- and clean-energy industries as new American energy policies come into play, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). “The change in leadership in the U.S. is likely to widen China’s global […]

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IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

Paying Producers for Electricity They Might Never Generate

  So-called capacity markets are driving what appears to be a major new trend in energy policy across Europe: More public subsidies for electric utilities. Utilities may get—but not necessarily need or deserve—high-level government support for a variety of reasons, including for their role in equity markets, where they supply returns and dividends for pension […]

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IEEFA Europe: Can Coal Power Hang On?

IEEFA Europe: Can Coal Power Hang On?

Investors May Not Be Eager to Absorb More Losses Like Those Seen in Recent Dutch Build-Outs

Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]

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IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

IEEFA Asia: A Better Way Forward for Electrification in Bangladesh

We See a Viable and Sensible Renewables Path to Rapid Eradication of Energy Poverty and to Improvements in Health and Education

We’ve just published a report that outlines a highly feasible and more cost-effective alternative to expand electrification in Bangladesh than what the Bangladesh government has in mind. Our blueprint—“Bangladesh Electricity Transition: A Diverse, Secure and Deflationary Way Forward”—outlines an expansion that would be cheaper, cleaner and provide more national energy security. Our research models an […]

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More News and Commentary

IEEFA U.K.: An Official Acknowledgement That Renewables and Better Cross-Border Interconnection Can Replace Coal-Fired Generation

IEEFA U.K.: An Official Acknowledgement That Renewables and Better Cross-Border Interconnection Can Replace Coal-Fired Generation

Latest Government Projections Undermine the Case for a Flagship Capacity Market That Subsidizes Conventional Generation

The U.K. government’s latest energy projections, out last week, show a grid dominated by renewables and electricity imports by 2025, exceeding the conventional generation presently supported by the country’s ratepayer-subsidized capacity market. This news comes on the heels of a report we published earlier this month on how interconnection with neighboring countries and renewable energy […]

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Illinois Is the Latest State to Acknowledge Electricity-Sector Transition

Utility Dive: It’s no longer just a few states undertaking so-called “utility of the future” proceedings. Ohio, Minnesota, New Hampshire, Maryland and now Illinois have all launched some form of these dockets. The ICC, in a statement announcing the NextGrid proceeding, said “many experts believe that the electric utility industry will evolve more in the […]

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On the Blogs: U.S. Utility-Scale Solar Spreads North

Yale 360: Thanks to sharply falling prices for solar photovoltaic panels, rapid advances in harvesting the sun’s energy, and support from tax breaks, incentives, subsidies, and state renewable energy mandates, a clean energy technology once largely confined to the desert Southwest is now quickly extending its reach. Idaho and Maine recently opened their first multi-megawatt […]

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Last Coal-Fired Plant in Beijing Closes

AFP: The last large coal-fired power plant in Beijing has suspended operations, with the city’s electricity now generated by natural gas, the state news agency reported as smog enveloped the Chinese capital this weekend. The shuttering of the Huangneng Beijing Thermal Power Plant comes on the heels of China’s annual legislative sessions, where Premier Li […]

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On the Blogs: Peabody May Revisit Bankruptcy

Seeking Alpha: In the U.S., gas and renewable energy are a major problem. Pay attention to where Peabody will sell its coal. Peabody thinks it is going to sell coal at expense of its competitors, and has ambitions for Powder Rover Basin and Western coal production that probably are not achievable. Internationally China controls the […]

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Wisconsin City Aims for 100% Renewables

Midwest Energy News: Madison, Wisconsin committed to getting 100 percent of its energy from clean, renewable sources in a resolution passed unanimously by the City Council on Tuesday. It became the 24th city to make such a promise, according to a tally by the Sierra Club, which has a “Ready for 100” nationwide campaign. Madison’s […]

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On the Blogs: Risk-Management Innovation in Financing Behind Kansas Wind Farm

Smart Energy Decisions: The innovative financial structure utilized in Microsoft’s recent purchase of wind energy from the 178-MW Bloom Wind project in Kansas was recently named North American Wind Deal of the Year by infrastructure and project finance magazine IJGlobal. The structure was developed in partnership with the project owner — Alberta-based power producer Capital […]

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Painful Transition in New Mexico

The Santa Fe New Mexican: For decades, three coal-fired power plants have formed an imposing presence on the landscape from Page, Ariz., to Farmington, N.M., providing electricity to hundreds of thousands of homes but releasing millions of tons of pollutants from their towering smokestacks. But one of the plants has been partially shut down, and […]

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Peabody Bankruptcy Deal Leaves Taxpayers With Mine Cleanup Bill

The Wall Street Journal: A mining company’s debt-cutting plan will leave taxpayers facing a bigger bill for cleaning up nearly two dozen hazardous sites primarily in the central U.S., including a swath of northeast Oklahoma that once produced lead ore for bullets in both World Wars. The 22 properties will be shed by miner Peabody […]

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West Virginia Lawmaker Backs Off Campaign to Eliminate Mine-Safety Inspections

Charleston (W.V.) Gazette: A bill that would eliminate almost all coal-mine safety enforcement by West Virginia inspectors has been pulled and alternative legislation — billed as a compromise between industry and labor — will be made public later this week, the chairman of the Senate Committee on Energy, Industry and Mining said Tuesday. Sen. Randy […]

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