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IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 2018 Read More →

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →
IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

A Potential Doubling in Wind Power by 2027 and Six-Fold Increase in Solar

Feb. 7, 2018 (IEEFA) — New modelling by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the Indian state of Tamil Nadu capable of doubling its wind energy capacity by 2027 and increasing its solar capacity six-fold. In a report published this week—“Electricity Transformation in India: A Case Study of Tamil Nadu”—IEEFA sees […]

February 7, 2018 Read More →
IEEFA New Mexico: Ratepayer Risk Seen in Utility’s Entanglements With Westmoreland Coal

IEEFA New Mexico: Ratepayer Risk Seen in Utility’s Entanglements With Westmoreland Coal

The Company That Supplies the Failing San Juan Generating Station Is in Deep Financial Peril

Feb. 2, 2018 (IEEFA) — An energy-market expert for the Institute for Energy Economics and Financial Analysis has filed an affidavit in support of a New Mexico group that is asking the state’s utility commission to investigate ratepayer risk in the financial relationship between Public Service Company of New Mexico and Westmoreland Coal Co. A […]

February 2, 2018 Read More →
IEEFA Report: U.S. Coal Market Erosion Continues

IEEFA Report: U.S. Coal Market Erosion Continues

Lower Production and Consumption as Industry Fails to Compete; a Likely Doubling of Plant Retirements; Low Natural Gas Prices Will Persist; Renewables Will Gain; Little Effect Seen from Regulatory Relief

Feb 1, 2018 (IEEFA) — The U.S. coal industry continued to shrink in 2017, and its trend toward long-term structural decline is all but sure to persist, concludes a study published today by the Institute for Energy Economics and Financial Analysis. The report—“U.S. Coal: More Market Erosion Is on the Way”—details how competition from cheap […]

February 1, 2018 Read More →

IEEFA Report: China in 2017 Continued to Position Itself for Global Clean Energy Dominance

As U.S. Steps Aside, Beijing's 'Belt and Road Initiative' Gains Traction

Jan. 9, 2018 (IEEFA.org) – China continued to be the world’s dominant force in the building and financing of clean energy technology globally in 2017, according to a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report,  “China 2017 Review: World’s Second-Biggest Economy Continues to Drive Global Trends in […]

January 9, 2018 Read More →
IEEFA Update: Norway Shows What to Do With Fading Oil and Gas Holdings

IEEFA Update: Norway Shows What to Do With Fading Oil and Gas Holdings

A Marquee Global Fund Sees Too Much Risk in Not Divesting

In recommending last week that oil stocks be excluded from its equity benchmark index, Norges Bank, the Norwegian Government Pension Fund Global (GPFG) manager, has moved oil stocks from a mainstream investment to a speculative grade risk. If Norway’s Finance Ministry and Parliament agree, GPFG will still invest in oil and gas stocks, but under […]

November 22, 2017 Read More →

IEEFA Report: U.K. Pension Funds Can Benefit Now From Renewables Infrastructure Play

Growth and Proven Returns in a Rapidly-Expanding Sector

Nov.15, 2017 — A new report by HSBC Global Asset Management and the Institute for Energy Economics and Financial Analysis (IEEFA) finds that U.K. pension funds can benefit now from investing in domestic and overseas renewable energy infrastructure. Commissioned by the City of London Corporation’s Green Finance Initiative, the report, “The Renewable Energy Infrastructure Investment […]

November 14, 2017 Read More →

IEEFA Australia: Adani Is Said to Seek Financing From a Chinese State-Owned Enterprise

'New Geopolitical Questions for an Already Highly Controversial Project'

Nov. 2, 2017 (IEEFA) — A Chinese government-owned enterprise is being courted as a new partner for Adani’s proposed Carmichael coal mine and rail project in northern Queensland, according to a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The deal being sought with state-owned China Machinery Engineering Corporation […]

November 2, 2017 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →

More News and Commentary

More Capital Is Moving to Low-Carbon Investment Indexes

Bloomberg News: Investors may not know how to solve climate change, but low-carbon indexes are growing as a way to start managing the portfolio risks associated with a warming planet, according to Fred Samama, deputy global head of institutional clients at Amundi Asset Management, Europe’s largest asset manager overseeing about 1.4 trillion euros ($1.7 trillion). […]

February 19, 2018 Read More →

New Wrinkle in China’s Cleaner-Air Push

World Economic Forum: Scientists at China’s Institute of Earth Environment have constructed what they say is the world’s largest air purifier in the northern city of Xian. The experimental smog-sucking tower stands at over 100 metres tall and is designed to improve air quality in the city, where standards regularly fall short of expectations set […]

February 19, 2018 Read More →

Op-Ed: A Local Case Against Environmentalists Who Oppose Renewable-Energy Infrastructure

World Economic Forum: The solar farm in question isn’t small — it’s 35,000 solar panels spread over the equivalent of 28 Canadian football fields. That’s why it struck me at first as such a bad idea — and the same thought had certainly occurred to others at the open house. “This is another example of […]

February 19, 2018 Read More →

Uber and Airbnb Seen as Models for Fast-Changing Electricity Economy

S&P Global Market Intelligence: Arshad Mansoor, senior vice president of research and development at the Electric Power Research Institute, made a case for a shared-economy model, in line with the Uber and Airbnb business model, to enter the utility space. Rooftop solar, microgrids and other technologies individuals and communities are going to need to be […]

February 19, 2018 Read More →

Off-the-Grid Power Generation Takes Root in Puerto Rico

GreenTech Media: As the territory’s government looks to privatize its utility and haltingly moves forward on plans for a less-centralized grid powered by more renewables, interest in leaving the grid altogether has grown. In a Feb. 14 status report, PREPA reported that the utility had restored power to about 76 percent of customers. On Friday, […]

February 19, 2018 Read More →
IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 2018 Read More →

Dire Conditions Persist Across U.S. Coal Industry

S&P Global Market Intelligence: The average number of U.S. coal mine employees and coal production fell in the fourth quarter of 2017 despite positive market indicators and support from the White House. Coal production fell 1.6% and average mining employment fell 2.3% in the fourth quarter compared to the prior period, according to an S&P […]

February 16, 2018 Read More →

American Military Is Demonstrating a Sensible Energy-Security Mindset

Cleveland Plain Dealer: China is positioning to be the world’s dominant force in new energy technologies. This is the conclusion of a new report by the Cleveland-based Institute for Energy Economics and Financial Analysis (IEEFA). Their report, “China 2017 Review: World’s Second-Biggest Economy Continues to Drive Global Trends in Energy Investment,” found not only that […]

February 16, 2018 Read More →

U.S. Regulatory Panel Votes for More Grid Battery Storage

National Law Review: On February 15, 2018 the Federal Energy Regulatory Commission (“FERC”) issued a Final Rule addressing participation of energy storage resources in electricity markets operated by Regional Transmission Organizations (“RTOs”) and Independent System Operators (“ISOs”).  Largely adopting the proposal issued in November 2016, the Final Rule seeks to remove barriers for energy storage participation in […]

February 16, 2018 Read More →

Study: Wind and Solar Won’t Break the Grid

Energy Collective: A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) shows that major power systems are able to cope quite well with increasing shares of intermittent renewables, if the right measures are taken. The study says that increased generation of these renewables does not make the grid less reliable or […]

February 16, 2018 Read More →