Transition

IEEFA Research

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New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense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 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‘New Level of Risk’ Seen in Investing in Outdated Power Generation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 […]

IEEFA Update: 2 Out-of-State Potential Navajo Generating Station Buyers Face Long Odds

Research: 6 ‘Insurmountable’ Risks in Keeping Plant Open Beyond 2019

A research brief published today by the Institute for Energy Economics and Financial Analysis details six business risks that would likely prevent the Navajo Generating Station (NGS) from remaining a viable operation if it is kept open after its scheduled retirement at the end of 2019. The memo comes as talks have surfaced with potential […]

April 26, 2018 Read More →
IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

IEEFA Update: Push to Keep Navajo Generating Station Alive in Deal With Arizona Water Distributor Is Fraught With Risk

Research Brief: Regardless of Ownership, Outlook for Southwest U.S. Coal-Fired Electricity Plant Is Bleaker Than Ever

April 11, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a research brief today that finds the financial outlook for coal-fired Navajo Generating Station is bleaker than it was when the plant’s utility owners announced last year it would be retired in 2019. The plant’s owners—Arizona Public Service Company, the Salt River Project, […]

April 11, 2018 Read More →

IEEFA Philippines: ‘Opportunities Now to Transform the Nation’s Energy Sector’

A ‘Least-Cost Mechanism’ Would Encourage Modernization

March 16, 2018 (IEEFA) — Rapidly declining costs and technological advances in renewable energy, liquefied natural gas (LNG), energy efficiency, and storage are creating an “enormous opportunity” for greater use of cheaper electricity-generation domestic alternatives to imported coal and diesel in the Philippines, concludes a new research brief published by the Institute for Energy Economics and […]

March 16, 2018 Read More →

IEEFA Report: Puerto Rico Can Get 40% of Its Electricity From Renewables by 2028

Transition Will Require Modernization of Generation, Transmission, and Distribution as Well as Strong Regulatory Oversight

March 1, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a report today describing how Puerto Rico can get 40 percent of its electricity from renewable resources by 2028. The report, published with the Puerto Rico Institute of Competitiveness and Sustainable Economy (ICSE-PR), sees the U.S. commonwealth relying on renewables for 50 percent […]

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 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 →

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Lagging Rising Trends Driven by Global Electricity-Generation Transition

October 12, 2017 (IEEFA) – The Philippines’ banking sector is dangerously exposed to a proposed new fleet of coal plants that are likely to become stranded assets if they are built, a report co-published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes. The plants would add more than 10,000 megawatts of […]

October 12, 2017 Read More →

More News and Commentary

Study: Midwest generation can be carbon-free by 2050

MPR News: A group of utilities, state regulators and environmental groups released a report Tuesday showing it’s possible — with existing technology — for electricity generation in the midcontinent to be carbon-free by 2050. Relatively speaking, the electricity sector has done better than other parts of the economy in reducing greenhouse gas emissions. Still, in […]

July 25, 2018 Read More →

PacifiCorp gets final approvals for $3 billion wind power expansion

Recharge News: PacifiCorp will proceed with a $3bn wind and related transmission expansion plan after it received two final state approvals needed to advance the Energy Vision 2020 initiative, said officials at the utility holding company. Plans call for adding three new wind projects totaling 1.15 GW of power generation capacity and a new 140-mile […]

July 24, 2018 Read More →

S&P: China market reforms will benefit cleaner energy at the expense of coal

S&P Global Ratings: China’s latest push to accelerate market-based electricity trading should  boost the consumption of clean energy. Coal-fired power could face further market-share losses, however producers in this segment may get some relief from governmental backing of coal-linked market pricing to reduce input-price volatility. “Our base case assumes all Chinese power companies will be […]

July 24, 2018 Read More →

Wisconsin utility’s solar investment begins transition away from coal

Milwaukee Journal Sentinel: Signaling the early stages of a historic transition, WEC Energy Group, the parent company of We Energies and Wisconsin Public Service, last month announced its first large investment in solar power. Once the darlings only of the green-energy crowd, solar and wind projects now have become the least expensive way for utilities […]

July 23, 2018 Read More →

Port Augusta paves the way in coal-to-renewables transition

The Guardian: The largest solar farm in the southern hemisphere lies on arid land at the foot of the Flinders Ranges, more than 300 km north of Adelaide. If that sounds remote, it doesn’t do justice to how removed local residents feel from what currently qualifies as debate in Canberra. As government MPs and national […]

July 20, 2018 Read More →

Report highlights spread of renewable energy across U.S.

Greentech Media: It was 1997, and stakeholders were working hard to help craft the first renewable energy standard in the State of Massachusetts, which ultimately passed as part of an electric utility restructuring act. At that time, the notion that Massachusetts would be one of the top solar states in the country was almost laughable, […]

July 20, 2018 Read More →

U.K. public pension fund to stop investing in coal

Financial News London ($): The UK public pension fund Nest will cut out coal, uranium and cobalt from its new commodity investments, it said on Monday, as it recruited US-based CoreCommodity Management to manage its money. Nest, which planned a move into commodity assets six months ago, said that CoreCommodity has agreed to take on […]

July 17, 2018 Read More →

Coal plant closures set to continue in Australia

Renew Economy: “King coal to rule for 20 more years” screamed the front-page lead headline in The Australian, following the release of the Australian Energy Market Operator’s 20-year blueprint for the future of energy, known as its Integrated System Plan. Hate to say this guys, but that’s not what the AEMO report says. Here’s the […]

July 17, 2018 Read More →

Bankers turning toward green lending as climate risks rise

Bloomberg: Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s started,” said Louis Douady, head of corporate social responsibility at Natixis SA in Paris. “The intention is to adapt our […]

July 16, 2018 Read More →

Midwest communities seek help bracing for more coal closures

Associated Press: In September, the Just Transition Fund will hold its first meeting focused specifically on the transition away from coal in the Midwest, with a particular focus on working with organized labor. The group’s executive director and co-founder Heidi Binko said the fund will also be expanding its focus on Illinois, where the EcoJustice […]

July 14, 2018 Read More →