Utility trends

IEEFA Research

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 […]

Read More →
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 […]

Read More →
IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

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. […]

Read More →
IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


IEEFA Kentucky: Owensboro Coal-Fired Power Plant Is No Longer Viable


Increasingly Expensive to Operate and a Drain on Ratepayers 


We’ve published a memorandum today explaining why the aging coal-fired Elmer Smith power plant in Owensboro, Ky., must be retired soon and how Owensboro Municipal Utilities would do well to invest in renewable electricity generation instead. Our memorandum describes how the plant—whose two units date from 1964 and 1974—has become increasingly uneconomic to operate and […]

Read More →
Coal Won’t Solve the Energy Poverty Problem

Coal Won’t Solve the Energy Poverty Problem

Times Have Changed; Old Electricity-Generation Models Don’t Work Anymore

Coal-fired electricity is no longer the economy builder its proponents say it is. Time was when coal in fact did contribute to growth in many economies, but times have changed. Today governments and private interests worldwide concede—even emphasize—the economic and environmental dysfunction of coal. We’ve just published an IEEFA Briefing Note (“Energy Poverty, Then and […]

Read More →
India’s Electricity-Sector Transformation

India’s Electricity-Sector Transformation

New IEEFA report- India’s energy transformation gathers momentum

10 August, 2015: India’s ‘seven horses of energy’ electricity sector transformation is gathering pace, with far-reaching ramifications for renewable energy development and the structural decline of seaborne thermal coal, according to a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Indian energy analysis firm, Equitorials. The report – […]

Read More →
Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

Study Concludes That Colstrip 1 and 2 Are Financially Unviable; Cautions Against Further Expenditures

In an Era of Low Natural-Gas Prices and Competition From Renewable Energy, Phasing Out Two Coal-Fired Units Is the Best Option for Owners

JUNE 23, 2015 (IEEFA) — An analysis of data on operational costs and energy markets by the Institute for Energy Economics and Financial Analysis questions the financial viability of the two oldest units at the Colstrip coal-fired power plant in eastern Montana. Colstrip Units 1 and 2, which are owned equally by Talen Montana and Puget Sound […]

Read More →
Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

COAL SOLD FOR EXPORT SHOULD NOT BE EXEMPT FROM FEDERAL ROYALTY PAYMENTS

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024 By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

Read More →
IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

Proposed Development of Galilee Basin Project Will Become ‘Collateral Damage’

CLEVELAND, May 5, 2015 (IEEFA.org) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that Adani Enterprises’ recent corporate restructuring better aligns its parent Adani Group with minority shareholders and with new opportunities emerging in the Indian electricity sector transformation. It concludes also that the restructuring—which vastly reduces […]

Read More →

More News and Commentary

In Seeking White House Intervention, Protectors of Arizona Coal Plant Battle Market Realities

Amy Harder, Russell Gold, and Timothy Puko for the Wall Street Journal: President Donald Trump’s promise to help the coal industry could be facing its first big test: the decision earlier this week to close a large Arizona coal-burning power plant, and a demand that Mr. Trump prevent that shutdown. Majority owners of the Navajo […]

Read More →

On the Blogs: Moody’s Sees Energy Transition Momentum as Unstoppable

Joe Walsh for EnvironentalFinance.com: Moody’s Investors Services points to the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosure (TCFD) as evidence of the direction of climate policy momentum in the financial sector. It is a growing area, with signatories to the Principles for Responsible Investment (PRI) growing fivefold from 2006 to 2016. Moody’s […]

Read More →

On the Blogs: Why Allianz Is Investing Where the Wind Blows

Asa Gibson for EnvironentalFinance.com: Some 12 months ago, Allianz Capital Partners (ACP) reached a milestone when it closed its first renewable energy allocation outside Europe with a tax equity investment in a US wind farm. Since then, the in-house alternative asset manager of German insurance group Allianz has quadrupled its exposure to US wind using […]

Read More →

U.S. Renewables Generation Has Tripled Since 2008 but Continues to Lag China and Europe

Quirin Schiermeier for Nature Weekly Journal of Science: Renewable-energy capacity in the United States has more than tripled since 2008, according to a report published this month on US sustainable energy by the Business Council for Sustainable Energy (BCSE), an industry group. Energy capacity from sustainable energy sources such as wind, solar, biomass and geothermal […]

Read More →

A New Spot Record for Wind Generation: 52.1% Grid Penetration Across Central U.S.

Scott DiSavino for Reuters: Wind briefly powered more than 50 percent of electric demand on Sunday, the 14-state Southwest Power Pool (SPP) said, for the first time on any North American power grid. SPP coordinates the flow of electricity on the high voltage power lines from Montana and North Dakota to New Mexico, Texas and […]

Read More →
IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

IEEFA Update: Shutdown of Navajo Generating Station Likely Blows a Hole in Peabody’s Bankruptcy Plan

Company Seen as Unlikely to Meet its Production or EBITDA Projections; Fate of Plant Is Emblematic of Larger Shift

Bankrupt Peabody Energy is being dealt a fresh setback on news this week that owners of the coal-fired Navajo Generating Station don’t expect to keep the plant open past 2019. The 2,500-megawatt station in Northern Arizona is owned by a consortium of public and private utilities with significant service areas in several states. While Peabody […]

Read More →

On the Blogs: U.S. Wind Energy Gains Grid Integration

Kelly Welf for Morning Consult: For years, utilities and skeptics lamented the viability of renewable energy because of its intermittency. But, no more. Grid operators are fully adept at balancing the electric grid, and are currently — successfully — managing 82,183 megawatts of wind energy on the system, according to the American Wind Energy Association’s […]

Read More →

Governors of Both Parties Question Trump Administration’s Resistance to Renewables

Joe Ryan for Bloomberg News: A group of governors from both ends of the political spectrum are urging President Donald Trump to support renewable energy, saying the wind and solar industries are crucial economic engines for impoverished rural regions. The Governor’s Wind & Solar Energy Coalition is seeking increased federal funding to modernize local power […]

Read More →

Editorial: D.C.’s Strange Love for Coal

From the Virginia Pilot: Coal is ascendant in Washington, D.C. at the moment. It’s about the only place where its future is bright. “We’ll unleash the full power of American energy, ending the job-killing restrictions on shale oil, natural gas and clean, beautiful coal,” President Donald Trump said last month. It’s of a kind with […]

Read More →

Owners Say Navajo Generation Station Will Close in Two Years

Russell Gold for the Wall Street Journal: Arizona’s Navajo Generating Station, one of the largest coal-burning power plants in the U.S., will keep running through December 2019, but a majority of the plant’s owners said they won’t seek to keep it open after 2019. In a sign of a changing energy marketplace that has turned […]

Read More →