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IEEFA update: Heartland U.S. utilities continue to move away from coal

Activity of note this week in Arizona, Colorado, Illinois, Minnesota and Wisconsin

The Trump administration’s proposal to invoke the wartime Defense Production Act as a back-door way to keep failing coal-fired electricity plants is little more than a sideshow to the real action taking place outside the beltway. All across America, the transition from coal to cleaner, cheaper forms of electricity generation continues, and will likely continue, […]

IEEFA op-ed: Japan remains mostly stuck in the energy policy past

Overreliance on coal, and an odd reluctance to exploit national technology advantages

When G7 countries gather in Canada this week, it’s not unreasonable to expect that common ground will be hard to find in many policy areas. When it comes to energy policy, President Donald Trump’s withdrawal from the Paris climate accords and his pro-coal policies have grabbed headlines and caused furrowed brows among U.S. allies. With […]

June 5, 2018 Read More →

IEEFA op-ed: Losses make Indonesian electric company a high-risk bet

Global trends make coal-fired expansion a hard case to sell

In early May, one of Japan’s major insurers, Dai-ichi Life, became the first Japanese financial institution to restrict lending to coal-fired power plants. This news came only days after Allianz, Europe’s largest insurer, announced it would immediately pull its coverage from coal-fired power plants and coal mines, and barely a fortnight after banking giant HSBC […]

IEEFA Update: Indonesia’s Electric Company Gets Its Bond Deal Done, But Investor Risk Remains

How Much Will the Government Be Willing to Subsidize PLN?

Last week was good to PLN, Indonesia’s state owner power company. Despite chaotic emerging bond markets, which had punished the rupiah and pushed yields on Indonesian bonds higher, PLN was able to paddle safely to shore with a successful US$2 billion bond issue. Flexibility was the key to getting the financing done. With guidance from […]

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