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IEEFA Research

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People

Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]

December 22, 2017 Read More →
IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

IEEFA Exxon: Telltale Crossover in Late 2014 Marks Where a Major Oil Stock Began to Go South

A Decoupling From the Larger Stock Market 2 Years Ago Portends a Future in Which the World’s Biggest Oil Company Will Be Smaller and Will Not Pay Out as Much in Shareholder Distributions

The world is moving in fits and starts but with gathering momentum toward a more diversified, low-carbon energy mix. The evidence is all around us. One exhibit, of many, is in the report we published this week—“Red Flags on Exxon: A Note to Institutional Investors”—which includes the chart here: ExxonMobil Financial Performance, 2006 – 2015 […]

October 27, 2016 Read More →
IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy; ; Institutional Investors Owe Their Shareholders a Fiduciary Review

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

October 26, 2016 Read More →

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →
IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

IEEFA Europe: Blueprint for a Lignite Phase-Out in Germany

Foundation-Based Approach to Closure and Clean-Up; New Czech Owners of Vattenfall Assets in Lausitz Can Afford to Foot the Bill; a Timeline That Helps Local Communities Prepare for Transition

The recent “sale” by the Swedish state-owned utility Vattenfall of its German lignite assets throws a harsh light on a dark paradox: the continued use of the world’s most carbon-intensive fuel by a country with some of the most ambitious targets to tackle climate change. The deal transfers a cluster of lignite mines and their […]

September 22, 2016 Read More →
IEEFA Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

IEEFA Texas: The Beginning of the End for Coal-Fired Electricity Across One of the Biggest Power Markets in the U.S.

Report Finds Seven Plants Emblematic of a Fading Industry

We published a research report today describing how the coal-fired electricity industry in Texas is in decline and unlikely to recover in the face of rising competition from other energy sources. Our report—“The Beginning of the End: Fundamental Changes in Energy Markets Are Undermining the Financial Viability of Coal-Fired Power Plants in Texas”—looks specifically at […]

September 12, 2016 Read More →
IEEFA Report: A Cynical Re-Regulation Strategy in West Virginia

IEEFA Report: A Cynical Re-Regulation Strategy in West Virginia

FirstEnergy’s Machinations Around the Pleasants Power Station Are Designed to Shift Risk to Ratepayers

In seeking to get the West Virginia Public Service Commission to allow it to sell all or a portion of its Pleasants Power Station, Ohio-based FirstEnergy Corp. is following a strategy of re-regulation that stands to benefit shareholders at ratepayer expense. The coal-fired 1,300-megawatt Pleasants plant is currently owned by a FirstEnergy deregulated subsidiary, Allegheny […]

September 8, 2016 Read More →
IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

IEEFA Ohio: Damn Tradition, Bailouts Are Where It’s At

Update: FirstEnergy Piles Insult Onto Billions of Dollars in Injury by Threatening to Move Its Headquarters From Akron

Call me old-fashioned, but I’ve always thought investor-owned electric utilities were set up to provide power to consumers who paid for what they got.    In states where electricity is deregulated, utility companies compete for customers—just like any other business does. And in states where utilities are regulated, public-utility commissions determine how rates are set […]

August 24, 2016 Read More →
IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

IEEFA Report: India Clings to Questionable Ultra Mega Power Plant Plans

Viability Issues Continue to Complicate New Coal-Fired Projects

We’ve published a report today noting that while India has undergone an admirable energy-policy shift over the past few years, it is clinging unwisely to plans to build two costly coal-fired Ultra Mega Power Plants. Our report—“India’s Questionable Ultra Mega Power Plans”— details how these UMPP projects stand in jarring contrast to better-advised initiatives that […]

August 3, 2016 Read More →

More News and Commentary

Ignoring Washington, States and Localities Expand Policies for More U.S. Solar

Wall Street Journal: Government mandates should keep U.S. solar power growing, despite new Trump administration tariffs on imported solar panels that are poised to raise prices. While the tariffs may slow the rate of solar expansion, local and state policies requiring utilities to procure renewable energy will continue to help create a baseline market for […]

February 21, 2018 Read More →

Japan Weighs Shift From Coal and Nuclear

Reuters: An energy task force advising Japan’s foreign minister has proposed boosting renewable energy and shifting away from coal-fired and nuclear power at home, arguing the country’s energy policies are outdated and undermine its global competitiveness. The advice comes in a report commissioned by minister Taro Kono, a maverick lawmaker with prime ministerial ambitions, and […]

February 21, 2018 Read More →

South Korea Embarks on Transition to Renewables and Gas

GreenTech Media: South Korea took action this month to strengthen its grid in preparation for a major boost in renewable energy generation. At the beginning of the month, the state-owned Korea Electric Power Corporation (Kepco) picked U.S. infrastructure provider GE Power to build a 4-gigawatt high-voltage DC (HVDC) transmission link from the east of the […]

February 21, 2018 Read More →

U.S. Utility Giant Duke Energy Increases Its Renewables Spend to $1.5 Billion

S&P Global Market Intelligence: Duke Energy Corp. expects to funnel more capital into commercial renewables but will continue to focus the bulk of its investments on the grid over the next five years. The updated growth capital plan focuses $28.8 billion on electric utilities, including regulated renewables, and $6.7 billion on gas utilities. The plan […]

February 21, 2018 Read More →

Op-Ed: Let Markets Decide Winners and Losers

The Hill: If power plants are profitable, subsidies only serve to pad a company’s bottom line. If they’re not profitable, taxpayers should not prop them up. Rather than keeping them on life support, government should allow economic failures to fail so that those resources are free to flow to more useful purposes elsewhere in the […]

February 21, 2018 Read More →

6.7-Million-Customer Michigan Utility Announces Coal Phaseout

AP: Consumers Energy will phase out electricity production from coal by 2040 to slash emissions of heat-trapping gases that cause global warming, the Michigan utility’s president and CEO told The Associated Press. The utility plans to generate 40% of its power from renewable sources such as wind and solar energy by then, Patti Poppe said […]

February 20, 2018 Read More →

U.S. Coal: ‘Fewer and Fewer Customers’

Bloomberg News: The big problem for Cloud Peak and fellow miners is there are fewer and fewer customers. Between the end of 2011 and 2017, America’s coal-fired power plants lost 15 percent of their generating capacity, from 306 gigawatts to 261 gigawatts. Another 12.5 gigawatts of plants are scheduled to close this year, making 2018 […]

February 20, 2018 Read More →

Wyoming Coal Producer Pins Its Hopes on Asia

S&P Global Market Intelligence: Cloud Peak Energy Inc. is focusing on international markets and the prospect of diminishing utility stockpiles for future coal sales, as limited port capacity and potentially low gas prices threaten 2018 production levels. The coal producer reported a net income of $17.8 million in the fourth quarter of 2017, a 27.2% […]

February 20, 2018 Read More →

Ohio Continues to Thwart Wind-Industry Potential

Associated Press: Wind energy’s future in Ohio is at a crossroads. Two much different proposals — one easing restrictions stifling new wind farms and another adding more hurdles for future development — are being pitched to state lawmakers and regulators. Ohio over the past three years has seen new plans for large-scale wind projects come […]

February 20, 2018 Read More →

EU Can Get 34% of Its Electricity From Renewables by 2030

Bloomberg News: The European Union can boost the share of renewables to 34 percent of its energy mix by 2030, triggering hundreds of billions euros in investment and accelerating reduction of greenhouse gases blamed for global warming, according to the International Renewable Energy Agency. Lawmakers in the 28-nation bloc are currently discussing policies for the […]

February 20, 2018 Read More →