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IEEFA Research

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 […]

IEEFA Indonesia: Coal-Centric State Utility Will Likely Raise Rates by 2020

IEEFA Indonesia: Coal-Centric State Utility Will Likely Raise Rates by 2020

‘New Level of Risk’ Seen in Investing in Outdated Power Generation

May 14, 2018 (IEEFA) — Indonesia’s state-owned utility may raise electricity tariffs to offset its growing costs, concludes an investment-research memo published today by the Institute for Energy Economics and Financial Analysis. The memo—“PLN’s Coal IPP Funding Gap Suggests Tariffs Must Rise in 2020”—comes as the utility plans to bring a more than $1 billion debt […]

More News and Commentary

Business sector blasts past old record for renewable energy PPAs

Solar Builder: This week, the Business Renewables Center (BRC), a membership program at Rocky Mountain Institute (RMI), announced that corporate renewable energy procurement reached a new record in 2018, with 3.57 gigawatts (GW) of clean energy projects announced this year to date in the United States. This number exceeds both the 3.12 GW record set […]

August 14, 2018 Read More →

IOU upheaval, push for more renewables moves to co-op arena

The Gazette (Colorado Springs): Luis Reyes drove up to Durango from Taos, N.M., on a sunny April day in 2017 to tell folks how the Kit Carson Electric Cooperative, which he heads, left its interstate wholesale power provider and struck out on its own — and the room where he spoke at Durango’s Strater Hotel […]

August 14, 2018 Read More →

FERC orders construction halt at Atlantic Coast Pipeline

WV Public Broadcasting: Federal regulators halted all construction of the 604-mile, interstate Atlantic Coast Pipeline (ACP) following a federal court’s ruling this week that invalidated two major federal permits. The Friday evening decision comes just a week after regulators issued a similar stop work order for another major interstate natural gas project, the Mountain Valley […]

August 13, 2018 Read More →

Wisconsin utilities move ahead with clean energy plans

Milwaukee Journal Sentinel: Wisconsin’s two largest public utilities are making bigger stakes in renewable energy and have pledged far deeper cuts in emissions of greenhouse gases than previous predictions. Madison-based Alliant Energy says it intends to stop burning carbon-intensive coal altogether in its electric power plants by 2050. Alliant and Milwaukee-based WEC Energy Group recently […]

August 13, 2018 Read More →

Virginia regulators okay 1.8-million-panel solar PV facility

Richmond Times-Dispatch: A massive solar farm proposed in western Spotsylvania County has cleared one hurdle, but it has a few others remaining. In a filing Wednesday, the State Corporation Commission signed off on Utah-based Sustainable Power Group’s Pleinmont Solar LLC proposal to build an outdoor facility with 1.8 million solar panels. Microsoft Corp. plans to […]

August 13, 2018 Read More →

Bank of the West moves forward with fossil divestment plans

Denver Post/Associated Press: Bank of the West’s decision to divest from certain fossil fuel investments has run headlong into threats of retaliation in Colorado, Wyoming and other states that rely heavily on coal, oil and natural gas extraction for revenues. The San Francisco-based bank recently made it known that it would be “investing where we […]

August 13, 2018 Read More →

Resistance growing to Canada’s planned purchase of Kinder Morgan pipeline

247WallStreet.com: Canadian resistance to buying the Trans Mountain pipeline system Kinder Morgan Inc. subsidiary Kinder Morgan Canada is increasing, and with it so is short interest in Kinder Morgan. Short sellers added 12.5 million shares to their positions in the two-week reporting period ended July 31, and 2.4% of Kinder Morgan shares were short. Environmental […]

August 13, 2018 Read More →

Danish energy giant makes a $580 million move into U.S. wind

Energy Digital: Danish energy company Ørsted has agreed to purchase US wind and solar company Lincoln Clean Energy for $580mn. Lincoln Clean Energy develops, owns and operates clean power projects which a specific focus on wind and solar. In particular, the company owns a range of onshore wind farms in the US, and currently has […]

August 10, 2018 Read More →

Report: U.S. utilities are going ‘from zero to 100’ on solar

Utility Dive: New numbers show the “beautiful friendship” between utilities and solar is growing and bringing the U.S. power system’s transition to higher renewables penetrations along. “Utilities of all kinds and in many places are accelerating from zero to 100 on solar in response to record-low prices,” Smart Electric Power Alliance (SEPA) research manager and […]

August 10, 2018 Read More →

Legislation aims to develop Southern California geothermal resources and pumped-storage hydro plants

Palm Springs Desert Sun: California could dramatically reshape its energy future in the next few weeks. Two bills are of particular interest to the desert. One of them, from Assembly member Eduardo Garcia, would require utilities to purchase thousands of megawatts of geothermal power, potentially jump-starting development of geothermal power plants at the southern end […]

August 10, 2018 Read More →