IEEFA Reports, Briefing Notes, Memos and Testimony
For additional coverage of these issues, please see commentary, press releases, and the research topics directory.
Understanding Round-the-Clock Tenders in India, November 2021
Rapidly Changing Investment Climate Challenges Planned PJM Gas Plants, November 2021
Indonesia Wants to go Greener but PLN is Stuck with Excess Capacity from Coal-Fired Power Plants, November 2021
Has the Bakken Peaked?, November 2021
Funding Requirements and Avenues for Three Leading Energy Companies, October 2021
Batteries and Green Hydrogen: The Next Chapter in India’s Clean Energy Story, October 2021
How to Save The Barossa Project from Itself, October 2021
Climate Risk and the Cost of Capital in NSW, October 2021
Why External Review of Price-Setting Mechanism for Plastic Resins is Warranted, October 2021
Gavin Coal Plant Poses Financial, Reputational Risks for Major Pension Funds, October 2021
The Green Disclosure of the Indian Distribution Sector, October 2021
Role of Gas in the Transition to Clean Energy – Cooking and Mobility, October 2021
Financing Trends in the Rooftop Solar Commercial and Industrial (C&I) Segment in India, September 2021
Vietnam’s PDP8 Signals Policy Confusion About the Economics of Coal, September 2021
- Vietnamese Translation: Quy hoạch điện 8: Cần thận trọng với kỳ vọng về nguồn vốn cho điện than
What Led to Increasing Power Prices at Exchange? Renewables Along With Energy Storage Can Stabilise Prices, September 2021
Guyana’s Tax Giveaway: Guyana Pays ExxonMobil, Hess and CNOOC’s Annual Income Taxes, September 2021
ADB Backs Coal Power Retirement in Southeast Asia, September 2021
Recycle to Repower: Accelerating India’s Clean Energy Transition Through Circular Decarbonisation, September 2021
The U.S. Push for LNG in the Philippines Is Based on Dubious Assumptions, September 2021
IEEFA Comments on the Notice of Intent to Conduct a Review of the Federal Coal Leasing Program, September 2021
Asian Hopes for Sustainable Finance Will Rest on More Credible Taxonomies, September 2021
There’s a Better Way To Manage Coal Closures Than Paying To Delay Them, September 2021
Australia’s Offshore Industry: A Half-Century Snapshot, September 2021
From Dong to Orsted: A Leading Utility’s Green Energy Transition, September 2021
Gas in Spain Oversupplied and Overcompensated, September
- Spanish Translation: Capacidad y remuneración excesivas en el sector del gas español
Costs of Buying Power from AMP’s Prairie State and Combined Hydro Project Continue to Mount for Municipal Ratepayers, September 2021
Finessing India’s Power Market Design to be More Competitive, September 2021
Renewable Energy and Land Use in India by Mid-Century, September 2021
The (Im)maturity Plan for Distributed Energy Resources, September 2021
Despite Hype, Tellurian’s LNG Plans Face an Uphill Battle, August 2021
How Electricity Prices Are Determined and Why It’s Important, August 2021
Indonesia’s Small-Scale LNG Power Plant Conversion – A Triple Hit for PGN? August 2021
Renewables Investment Trends in India Since the COVID-19 Onset, August 2021
Energy Security Board’s Capacity Payment: Burden on Households, August 2021
Puerto Rico Grid Privatization Flaws Highlighted in First Two Months of Operation, August 2021
- Spanish Translation: Fallas en la privatización de la red de Puerto Rico sobresalen en los primeros dos mesas de operación
ExxonMobil’s U.S. Upstream Results Underwhelm, Again, August 2021
Mandating AS4755 Ignores Households and Widely Supported International Solutions, August 2021
Access, Pricing and Incentive Arrangements for Distributed Energy Resources (ERC0311) – AEMC Draft Determination, August 2021
Lack of Ring-Fencing Provision Means Guyana Won’t Realize Oil Gains Before 2030s, if at All, July 2021
Vietnam’s EVN Stands Out With a Strong 2020 Financial Performance, July 2021
- Vietnamese translation: Tập đoàn Điện lực Việt Nam tạo bất ngờ với tình hình tài chính cải thiện năm 2020
Deep in the Heart of Texas, Oil and Gas Losing Economic Luster, July 2021
Emerging Technology Trends in the C&I Rooftop Solar Market in India, July 2021
AGL Energy’s Path of Shareholder Value (and Environmental) Destruction, July 2021
Global Investors Move into Renewable Infrastructure, July 2021
Overestimated Financial Viability of India’s Coal-fired Power Plants, July 2021
New Policy and Market Risks for U.S. LNG Project Sponsors in Emerging Asia, June 2021
Putting Indonesia’s Net Zero Ambition into Context, June 2021
A Renewed Push for Solar-Powered Irrigation Would Accelerate India’s Energy Transition, June 2021
ExxonMobil: Permian Leader or Just Another Fracker? June 2021
Deepening India’s Short-Term Power Market With Derivatives, June 2021
New Coal-Fired Power Plants in India: Reality or Just Numbers? June 2021
A Grid Dominated by Wind and Solar Is Possible. South Australia: A Window Into the Future, June 2021
Tackling Indonesia’s Nuclear Power Euphoria, June 2021
Carbon Neutral Bonds: Has China Set the Bar Too Low? June 2021
- Mandarin Translation: 碳中和债券：中国是否把门槛设的 过低？
IEEFA Comments to FERC re Certificate of Necessity, May 2021
Vietnam’s PDP8 Pause Is an Opportunity to Improve Market Structures, May 2021
- Vietnamese translation: Rà soát lại QHĐ8 là Cơ hội để Cải thiện Cấu trúc Thị trường Điện Việt Nam
Queensland Competition Authority Should Exit Dalrymple Bay Coal Terminal Pricing Regulation, May 2021
No Guaranteed Future for Imported Gas in the Philippines, May 2021
Paying for Failure: High Fees for Finance Consultants Shortchange Puerto Rico Electrical Grid, April 2021, April 2021
- Spanish translation: Pagar por el fracaso
Blunt Instrument: Uncompensated Solar Cut-Off Isn’t the Only Solution to the Minimum Demand ‘Problem’, April 2021
There Are Two Elephants in the LNG Room, April 2021
India Coal Stockpiles at Record High at Close of Financial Year 2020-2021, April 2020
India’s Power Sale Agreement (PSA) Hold-Up: Fixing a Renewable Energy Bottleneck, April 2021
- Spanish translation: Testimonio de Tom Sanzillo – Ante la Comisión de Desarrollo Económico, 6 de abril de 2021
IEEFA series: Key Shortcomings in Duke’s North Carolina IRPs, An Issue-By-Issue Analysis
- Part 4 – Ignoring Cost Savings from Renewables
- Part 3 – Overlooking Battery Storage
- Part 2 – Overstating Electricity Demand Growth
- Part 1 – Over-relying on Gas-fired Generation
U.S. Power Sector Outlook 2021: Rapid Transition Continues to Reshape Country’s Electricity Generation, March 2021
Lessons From Australia for India on Integrating Distributed Energy Resources (DER), March 2021
Should Santos’ Proposed Barossa Gas ‘Backfill’ for the Darwin LNG Facility Proceed to Development? March 2021
In a Tumultuous 2020, Shale Firms Slashed Capex to Generate Cash, March 2021
Formosa’s Louisiana Project: Wrong Products, Wrong Time, Wrong Place, Wrong Finances, March 2021
How Green is India’s Stimulus for Economic Recovery? March 2021
When Net-zero Means Not-zero, March 2021
Vietnam’s PDP8 Should Be a Catalyst for Innovation, Not a Barrier to Change, March 2021
We Want Sun and We Want More, March 2021
Mountain Valley Pipeline Faces Financial Plunge, March 2021
Running on Fumes: Oil and Gas Supermajor Cash Woes Worsened in 2020, March 2021
Renewable Energy Integration: India’s Next Big Challenge, February 2021
The Impact of the 10kW Net Metering Limit on India’s Rooftop Solar Market, February 2021
Key Shortcomings in Duke’s North Carolina IRPs ⎼ Part 3, February 2021
Capital Flows Underpinning India’s Energy Transformation, February 2021
Bad News for Coal in the Southwest Power Pool, February 2021
Indonesia’s Biomass Cofiring Bet – Beware of Implementation Risks, February 2021
Key Shortcomings in Duke’s North Carolina IRPs, An Issue-By-Issue Analysis: Part 2, February 2021
The Biden Administration Has An Opportunity to Rebuild Puerto Rico’s Electrical Infrastructure, January 2021
Key Shortcomings in Duke Energy’s North Carolina IRPs – Part 1, January 2021
Power Overcapacity Worsening in Bangladesh Switch in Focus From Coal and LNG To Renewables and Grid Can Address the Problem, January 2021
- Vietnamese translation: IEEFA: Nhiệt điện khí LNG không dễ để bùng nổ ở Việt Nam
Gas and LNG Price Volatility to Increase in 2021 – Buyer Beware, January 2021
PLN’s ‘Green Ambition’ Hangs In The Balance – What The Company Should Do To Be Taken Seriously By Investors, December 2020
FERC’s Failure to Analyze Energy Market Forces: Risks to Ratepayers, Landowners and the Overall Economy, December 2020
Virginia Coal Plant’s Future Isn’t Bright: Preparation for Transition Should Commence Now, December 2020
Building a Robust Intra-State Transmission Sector To Achieve India’s Renewable Energy Goals, December 2020
Hiding in Plain Sight—European Gas Pipeline Companies’ Greenhouse Gas Emissions, December 2020
Climate Change (National Framework for Adaptation and Mitigation) Bill 2020, December 2020
U.S. Frackers Slash Capital Investment to Lowest Level in Over a Decade, December 2020
Despite Drastic CapEx Cuts, Appalachian Frackers Spill Red Ink in Third Quarter—Again, December 2020
COVID and carbon crunch: Why PGE’s ‘Strategy 2030’ already looks dated, November 2020
Why India’s Solar Power Tariffs Reached an Historic Low, November 2020
Indian Railways at the Junction, November 2020
Renewables are a More Affordable, Reliable and Resilient Solution for Small Island and Isolated Power Grids, November 2020
Technical Comments on the Orlando Utilities Commission’s Draft 2020 Electric Integrated Resource Plan Report, November 2020
Growing Risks to PJM Network’s Gas-fired Projects. Are Japan and Korea Ready? November 2020
KEPCO’s Recent Green Bond Failed the ESG Market Test, November 2020
Overseas Coal Projects Raise Questions for Sumitomo – Trading House Lags Behind its Japanese Peers on Thermal Coal, November 2020
Snowy Hydro’s Cash Drain, November 2020
With Long-Term Fossil Commitments, Colorado Electricity Wholesaler Is Alienating Cost-Conscious Co-ops, November 2020
Why the Gas Industry Can’t Stimulate the Economy, November 2020
The Economic Case for Adani To Lead India’s Domestic Energy Strategy, November 2020
New Regulations Threaten Vietnam’s Remaining Coal Pipeline – Foreign Investors Will Need Special Treatment To Avoid New PPP Law, November 2020
- Japanese translation: ベトナムに残る石炭火力発電計画 を脅かす新規制
Negotiating Responsible Tax Breaks on Renewable Energy Deals: A Brief Guide to Community Due Diligence, October 2020
Beyond Coal: Investing in Kosovo’s Energy Future, October 2020
- Albanian translation: Përtej qymyrit: Investim në të Ardhmen Energjetike të Kosovës
ExxonMobil’s Industry Leadership Deteriorates Under CEO Darren Woods, October 2020
Guyana’s Oil Deal: Promise of Quick Cash Will Leave Country Shortchanged, October 2020
Running Out of Options, Six Questions for PLN – Can the Ministry of Finance Find an Exit Plan?, October 2020
The Case for Indexed Renewable Energy Tariffs, October 2020
New Mexico’s Risky Reliance on Oil Revenue Must Change: Industry Fundamentals Point to Long-Term Decline, October 2020
From Zero to 50: Global Finance is Fleeing Oil and Gas, October 2020
In U.S. Oil Country, Renewables Reign – A Texan Lesson in Energy Markets for Australia, October 2020
Conference Board of Canada Doubles Down on Its Losing LNG Bet, October 2020
Leader To Laggard ExxonMobil’s Financial Troubles Intensify, October 2020
Biggest Utility in New Mexico Moves Forcefully Toward Solar, October 2020
Contract with LUMA Energy Sets up Full Privatization Higher Rates, October 2020
- Spanish translation: Luma AEE Contract Report IEEFA ESP October_2020
Wind-Solar Hybrid: India’s Next Wave of Renewable Energy Growth, October 2020
Risks Outweigh Rewards for Investors Considering PJM Natural Gas Projects, October 2020
Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant, October 2020
The Narrabri Gas Project – Supplementary Submission to the Independent Planning Commission, September 2020
Deepening India’s Short-Term Power Market, September 2020
Project Tundra – A Step in the Wrong Direction, September 2020
Despite Pandemic Disruptions, India’s Renewable Energy Sector is Still Primed for Growth, September 2020
Vietnam’s EVN Faces the Future: Time to Get Renewables Right, September 2020
- Vietnamese translation: Tập đoàn Điện lực Việt Nam (EVN) Đối Diện Tương Lai: Thời Cơ Để Triển Khai Đúng Cách Nguồn Điện Tái Tạo
Long-Term Power Plant Contracts Saddle AMP Communities With High Electricity Prices, September 2020
Dwindling Odds of Success for Retrofit of New Mexico Coal Plant for Carbon Capture, September 2020
Transforming Rajasthan’s Electricity Sector, September 2020
Pandemic Accelerates Dismal Financial Performance of U.S. Fracking Companies, September 2020
An Aluminium-led Energy & Industry Renewal for Central Queensland, September 2020
Indonesian Coal: No Bailout, Don’t Throw Good Money after Bad, September 2020
Buying Power From AMP’s Prairie State and Combined Hydro Project a Financial Disaster for Cleveland Public Power Ratepayers, September 2020
India’s Power Distribution Sector Needs Further Reform, September 2020
Despite Capex Cuts, Appalachian Frackers Report Negative Free Cash Flow in Second Quarter 2020, September 2020
Pakistan Risks Locking in Long-Term Overcapacity and Expensive Power, September 2020
Never Waste a Crisis – Indonesia’s PLN Needs A Coherent Strategy to Ride Out the COVID-19 Pandemic, September 2020
- Japanese translation: コロナ危機を乗り越えるため 新たな選択を
India Unable to Compete with Record Low Solar Tariffs in Gulf Region, August 2020
The Narrabri Gas Project – Submission to Independent Planning Commission, August 2020
Great Expectations: Asia, Australia and Europe Leading Emerging Green Hydrogen Economy, but Project Delays Likely, August 2020
Utah Bailout of Bankrupt California Coal-Export Project Would Likely Fail, August 2020
As Oil and Gas Wane, Texas Wind Industry Ascends, August 2020
Divestment vs Sterilisation: What to Do With BHP’s Stranded Coal Assets, August 2020
The Curious Case of India’s Discoms, August 2020
Petra Nova Mothballing Post-Mortem: Closure of Texas Carbon Capture Plant Is a Warning Sign , August 2020
No Upside: The U.S. LNG Buildout Faces Price Resistance from China, July 2020
Supermajors’ Trajectory Towards Renewables Needs to Scale Up and Speed Up, July 2020
Powering up Sunshine – Untapped Opportunities in India’s Rooftop Solar Market, July 2020
Another Expensive Mistake by NTEC: Wasting More of the Navajo Nation’s Resources at Four Corners, July 2020
Solar Surge Set to Drive Much of Remaining Texas Coal-Fired Fleet Offline, July 2020
Carbon Capture and Storage Is About Reputation, Not Economics, July 2020
Volts from the Blue – Is Combined Floating Solar and Hydro the Energy Solution for ASEAN? June 2020
Thar Coal Locking Pakistan Into Unsustainable Capacity Payments, June 2020
Indonesian Coal at the Mercy of the Dragon and Tiger, June 2020
- Spanish translation: Los planes de explotación de las reservas de esquisto de Argentina se tambalearán más sin inversión privada
The Philippines Power Sector Can Reach Resilience by 2021, June 2020
Federal Land Agency Lags on Solar Development Approvals Across Southwest U.S., June 2020
Why Aluminium Smelters are a Critical Component in Australian Decarbonisation, June 2020
Is Puerto Rico’s Energy Future Rigged? Examining the New $1.5 billion Fortress-PREPA Deal, June 2020
Greening the European Heating Sector, June 2020
Renewables Continue to Break Records Despite COVID-19 Impacts, June 2020
Shell’s Pennsylvania Petrochemical Complex: Financial Risks and a Weak Outlook, June 2020
Gas Cannot Stimulate the Economy, Reduce Emissions, or Provide Cheap Power, June 2020
Question Time for KEPCO’s Board, June 2020
- Korean translation: 한국전력 이사회에 던지는 질문
In Q1, Four of Five Oil Majors Paid More Cash than They Made from Operations, May 2020
India’s Utility-Scale Solar Parks—A Global Success Story May 2020
Can the Indonesian Coal Industry Survive COVID-19? May 2020
India’s Power Finance Corporation continues to fund non-performing coal assets, May 2020
Who Would Still Fund a New Coal Power Plant in India?, May 2020
Public Comments on Rocky Mountain Power 2019 Integrated Resource Plan, April 2020
Playing With Matches—Who Should Take Responsibility for PLN’s Financial Mess? April 2020
Southeast and East Asia Catching Up in Global Race to Exit Coal, April 2020
Proposed NESE Gas Pipeline in New York: A Bad Bargain for Ratepayers and Taxpayers, April 2020
The Australian LNG Industry’s Growth – and the Decline in Greenhouse Gas Emissions Standards, April 2020
India’s power system operators demonstrate the fine art of grid management, April 2020
IEEFA Comments to the Texas Railroad Commission, April 2020
It’s Time to Retire, Not Bail Out, OVEC’s Aging and Expensive Coal Plants, April 2020
PLN in Crisis‒Time for Independent Power Producers to Share the Pain? April 2020
Beyond Their Means: Oil Majors Pay More to Shareholders Than They Earn by Selling Oil and Gas, April 2020
ExxonMobil’s Planned Assets Sales: Another Strategic Misstep, April 2020
Santos’ Accounts Are Not “True and Fair”, Oil Price Assumptions Are Too High, March 2020
U.S. Coal Outlook 2020: Market Trends Pushing Industry Ever Closer to a Reckoning, March 2020
In Extremis: Crisis Mounts for Appalachian Shale Producers, March 2020
Tech Giants’ Investments in Renewable Power Purchase Agreements Lead the Way, March 2020
A Coalfield Reinvestment Formula for the Grand Canyon State, March 2020
Proposed PTTGC Petrochemical Complex in Ohio Faces Significant Risks, March 2020
Shale Producers Spilled $2.1 Billion in Red Ink Last Year, March 2020
India’s Power Distribution Sector Needs Further Reform, March 2020
The Case (and the Mechanisms) for Utility-Company Reinvestment in Arizona’s Coalfield Communities, February 2020
Racing Towards 23% Renewable Energy, February 2020
Oil Majors’ Shrinking Capital Expenditures (Capex) Signal a Mature Industry in Decline, February 2020
Norden is Leading the World on Fossil Fuel Divestment, February 2020
Santos Racked Up Nearly $7bn in Unconventional Gas and LNG Losses in 5 Years, February 2020
India’s Renewable Energy Policy Headwinds, February 2020
Paying Less for More – How Auctions Can Transform the Philippines Power Sector, February 2020
Enchant’s Proposed CCS Project at the San Juan Generating Station: False Promises and Major Risks, February 2020
How to Create a Profitable Polish Electricity System, February 2020
- Jak stworzyć rentowny system energetyczny w Polsce? (Polish), February 2020
Increasing Competition in India’s Transmission Sector, February 2020
California Schemin’: California Resources Corporation’s Financial Distress Raises Questions About Cleanup, February 2020
IEEFA letter to Governor Vasquez, January 2020
Bankruptcies in Fracking Sector Mount in 2019, January 2020
Living Beyond Their Means: Cash Flows of Five Oil Majors Can’t Cover Dividends, Buybacks, January 2020
Teck Resources’ Frontier Oil Sands Project Shows Reckless Disregard for Financials, January 2020
Tipping Point: Global Renewable Energy Leaders Outperform on Global Equity Markets, December 2019
Electricity Power Agreements in the Australian Corporate Market, December 2019
Seriously Stressed and Stranded: The Burden of Non-Performing Assets in India’s Thermal Power Sector, December 2019
New Incentives Brighten Turkey’s Rooftop Solar Sector (English), December 2019
Steering by the Southern Sun – Australians Are Missing a Trick on Solar-Powered Electric Vehicles, December 2019
Diversification on the Cards for Indian State-Owned Enterprises – Going Green for Growth and to Stay Relevant, December 2019
Dim Future for Illinois Basin Coal: Market Forces and Shifting Preferences Are Eroding Customer Base Domestically and Abroad, December 2019
Oil and Gas Production in Argentina’s Vaca Muerta Awaits Direction from New President, December 2019
- La producción de petróleo y gas en Vaca Muerta, Argentina, a la espera de que el nuevo presidente marque el rumbo, December 2019
Cleaned Out by Bankruptcy: A Primer on Environmental Cleanup Duties in Bankruptcy, December 2019
DSchlissel Testimony before the New Mexico Public Regulation Commission on San Juan Generating Station, November 15, 2019
Mounting Negative Cash Flows Highlight Struggles of Appalachian Fracked Gas Producers, November 2019
Global Coal Power Set for Record Fall in 2019, November 2019
Trans Mountain Pipeline Financials Suggest Taxpayer Dollars at Risk, November 2019
U.S. Fracking Sector Spills More Red Ink—Again, November 2019
The Case for System Transformation in Indonesia: Time for a Full Electricity System Audit, November 2019
Australia’s First Offshore Wind Project a Step in the Right Direction, November 2019
Rix’s Creek South Continuation of Mining Project (SSD 6300): IEEFA’s expert opinion to the NSW Independent Planning Commission, October 2019
CSG what is in it for Queensland, October 2019
Letter to the Legislative Assembly Regarding Restructuring Agreement for PREPA, October 2019
In Powder River Basin Debut, NTEC Stumbles, October 2019
Tribal Utility-Scale Solar Initiatives Advance Across Southwest U.S., October 2019
Political and Economic Crisis Throws Argentina’s Energy Market into Disarray, October 2019
To Embrace a Profitable Energy Future, Poland’s PGE Must Abandon Plans for a New Lignite Mine, October 2019
IEEFA report: GE’s Q3 loss, write-off likely to be $9+billion, October 2019
Coal-Fired Power Generation Is In Freefall Across the Southeast U.S., October 2019
Bombing Saudi Oilfields: The Risk to Collective Action on Climate Change from State-Owned Oil Interests, September 2019
Doosan Heavy: Time for a Forensic Audit, September 2019
- Doosan Heavy: Time for a Forensic Audit (Korean), September 2019
Prospects Improve for Energy Transition in the Philippines, September 2019
Vietnam’s Solar FiT Program Delivers:Watch for Progress on the Grid and Wind, September 2019
- Vietnam’s Solar Feed-in-Tariff Program Delivers (Vietnamese), September 2019
South African Coal Exports Outlook – Approaching Long-Term Decline, September 2019
Bill to Spark Federal Post-Coal Reinvestment in Arizona Tribal Communities Is a Good Beginning, September 2019
NTPC spearheads electricity sector transition in India, September 2019
A Silver Lining in Argentina’s Financial Crisis ‒ An Opportunity to Rethink its Energy Plan, September 2019
- El lado positivo de la crisis financiera de Argentina: una oportunidad para repensar su plan energético, September 2019
NTEC Move to Buy Cloud Peak Mines Is an Increasingly Questionable Wager, September 2019
Fact Sheet: Navajo Nation Faces Financial, Sovereign Risk in NTEC’s Proposed Acquisition of Cloud Peak Mines, September 2019
Risks Growing for India’s Coal Sector, September 2019
13 Questions on NTEC’s Bid to Buy Powder River Basin Coal Mines From Bankrupt Cloud Peak, August 2019
Gujarat’s electricity sector transformation – A Role Model of India’s Electricity Transition, August 2019
Proposed Navajo Acquisition of Bankrupt U.S. Coal Company Is an Ill-Timed Gamble, August 2019
Puerto Rico Electric Power Authority Debt Restructuring: A Weak Deal Plagued by Scandal, August 2019
U.S. Fracking Sector Disappoints Yet Again, August 2019
International Capital Awaits Robust Policy Environment in India’s Renewables Infrastructure Sector, August 2019
Adani Carmichael Contractor Risks, August 2019
High-Risk Carbon-Capture Deal Is Not in New Mexico City’s Best Interest, August 2019
Exxon Mobil’s Q2 2019 Earnings: Eleven Facts the Company Would Like Investors to Forget, August 2019
Peabody, in Kayenta Exit, Is Abandoning Native Workforce Ahead of Reclamation Work, August 2019
Inaction is BlackRock’s Biggest Risk During the Energy Transition: Still Lagging in Sustainable Investing Leadership, August 2019
New Risk Factors Emerge as GE Shutters California Power Plant, July 2019
BHP to Link Executive Compensation to Reductions in Emissions Generated from the Use of Its Products, July 2019
Disruption in Motion: India Energy Transition Fuels Growth Path for Sustainable Development, July 2019
Novice Company’s Carbon Capture Pitch Offers False Hope, Fiscal Risk to Farmington, N.M., July 2019
Risks to Fracking Companies in Appalachia Mount, July 2019
Towards a Domestic Gas Reservation in Australia, July 2019
Problems in Paradise: Closing TVA’s Aging Coal Unit is the Right Decision, June 2019
Conflating Queensland’s Coking and Thermal Coal Industries, June 2019
Advances in Electricity Storage Suggest Rapid Disruption of U.S. Electricity Sector, June 2019
IEEFA Australia: Queensland government about to make poor economic decision on Adani mine, June 2019
The Proposed Lamu Coal Plant: The Wrong Choice for Kenya, June 2019
General Electric Misread the Energy Transition: A Cautionary Tale, June 2019
Red Ink Keeps Flowing for U.S. Fracking Sector, June 2019
Bailout Bill a Bonanza for FirstEnergy Solutions, but a Boondoggle for Ohio Consumers, May 2019
Vast Potential of Rooftop Solar in India, May 2019
The Risks to Coal Plants in the Coming Years, Workshop Presentation, Just Transitions for Coal-Dependent Communities in the Southwest, May 2019
As Coal Economy Collapses, Imminent Public Budget Crisis Confronts Hopi-Navajo Tribes, May 2019
The Renewable Energy Infrastructure Opportunity for Local Government Pension Schemes (LGPS), May 2019
Post Election, India Must Formalise Energy Reforms, May 2019
Electric Vehicles and Batteries Can Drive Growth of Residential Solar, May 2019
Extending the Full Federal Solar Tax Credit by Four Years (Through 2024) for Coalfield Communities, May 2019
India’s Electricity Sector Transition Still on Track Despite a Weak FY2018/19, April 2019
Briefing Note: South Korea Shifting Further Away from Coal, April 2019
Tata Power: “Renewables to Power Growth”, April 2019
Why Renewables are the Solution for Australia, April 2019
Indonesia at the Tipping Point: Will it be Coal Lock-in or a Clean Future? April 2019
Massive gas subsidy will further gas cartel profits at Australian gas consumers’ expense, April 2019
Testimony by Tom Sanzillo, U.S. House Natural Resources Committee hearing on The Status of the Rebuilding and Privatization of the Puerto Rico Electric Power Authority (PREPA),” April 2019
Colorado’s Energy Impact Assistance Act is Short-sighted, April 2019
Trans Mountain Pipeline Financials: Built on Quicksand and Clear as Mud, April 2019
Case Study: How Kit Carson Electric Engineered a Cost-Effective Coal Exit, April 2019
ExxonMobil’s Prodigal Reserves Return: Company Rebooks 3.2 Billion Barrels, March 2019
Navajo-Hopi Transition Impact Investment Fund, March 2019
Coal Outlook 2019 – Domestic Market Decline Continues, March 2019
Financial Risks Cloud Development of Argentina’s Vaca Muerta Oil and Gas Reserve, March 2019
- Spanish language version: Riesgos financieros opacan el desarrollo de reservas de petróleo y gas en Vaca Muerta, Marzo 2019
Executive Summary: Financial Risks Cloud Development of Argentina’s Vaca Muerta, March 2019
- Spanish language version of executive summary (resumen ejecutivo): Informe IEEFA sobre Vaca Muerta de Argentina_marzo 2019
More Red Flags on Fracking: Cash Flows Still Negative, March 2019
Powder River Basin Coal Industry Is in Long‑Term Decline, March 2019
Marubeni Update: Continuing Coal-fired Power Risks, March 2019
The Philippine Energy Transition: Building a Robust Power Market, March 2019
NTEC Plan Presents Unknown, Potentially Limitless Liabilities, March 2019
Indonesia’s solar policies – designed to fail? February 2019
Over 100 Global Financial Institutions Are Exiting Coal, With More to Come, February 2019
NTEC’s Plant/Mine Acquisition Plan Puts Navajo Nation at Serious Financial Risk, February 2019
Falling Short Shale Development in West Virginia Fails to Deliver on Economic Promise, February 2019
IEEFA Response to the U.S. Chamber of Commerce Analysis of the “Keep it in the Ground” Movement, February 2019
Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, February 2019
IEEFA supports the Galilee Basin (Coal Prohibition) Bill 2018, February 2019
PREPA Privatization Will Hurt Consumers and Slow Economic Recovery, January 2019
- Spanish language version: La privatización de AEE perjudicará los consumidores y frenará la recuperación económica
Recalculating India’s 2030 thermal coal import needs, January 2019
The Vanishing Need for the Atlantic Coast Pipeline, January 2019
No Profitable Future for Navajo Generating Station, January 2019
China at a Crossroads: Continued Support for Coal Power Erodes China’s Clean Energy Leadership, January 2019
Flexing India’s Energy System – Making the case for the right price signals through time-of- day pricing, January 2019
A Bad Bet: Owning the Four Corners Coal Plant is a Risky Gamble for the Navajo Nation and the Plant’s Other Owners, December 2018
Opportunity for Navajo Nation in Post-Coal Reclamation Economy, December 2018
Pakistan’s Power Future: Renewable Energy Provides a More Diverse, Secure and Cost-Effective Alternative, December 2018
More Red Flags on Fracking: Weak Third-Quarter Results as Cash Losses Persist Even With Production and Price Increases, December 2018
Holy Grail of Carbon Capture Continues to Elude Coal Industry, November 2018
Economic Analysis of Rappahannock Electric Cooperative Power Supply Costs, November 2018
IEA’s “Sustainable Development Scenario” best reflects our global energy future”, November 2018
New South Wales Thermal Coal Exports Face Permanent Decline: Grim Outlook Prompts the Need for a Planned Transition, October 2018
Record Drop in U.S. Coal Capacity Likely in 2018, October 2018
The Khurja Thermal Power Project: A Recipe for an Indian Stranded Asset, October 2018
Lignite Retreat: RWE’s Short-Term Pain, Long-Term Gain, October 2018
Why Navajo Generating Station Is No Longer Commercially Viable (Update), October 2018
Energy Market Update: Red Flags on Fracking, October 2018
Seven Technology Disruptions Driving the Global Energy Transition: A Primer, October 2018
We Want Sun, October 2018
- Spanish-language version: “Queremos Sol”
Testimony in FirstEnergy Solutions bankruptcy, September 2018
Leczna IGCC Project: High Costs and Unreliable Operations Can Be Expected, September 2018
Financing South East Asia’s Energy Transition, September 2018
A Foreseeable Planning Mismatch–Indonesia’s Industry 4.0 Plans, September 2018
- Bahasa translation: “Perencanaan yang Salah Kaprah”
Korea’s Clean Energy Challenge–Time for a Check Up, September 2018
Why Engie Should Close, Not Sell, Its Coal-Fired Power Plants in Germany, September 2018
Unlocking Rooftop Solar in the Philippines, August 2018
Significant Financial Risks Confront Teck’s Frontier Oil Sands Mine Project, August 2018
Testimony to the Puerto Rico Senate Special Committee on Energy Affairs, August 2018
Comments to the Puerto Rico Energy Bureau on Regulation on Retail Wheeling, Case Number CEPR-MI-2018-0010, August 2018
Retail Choice Will Not Bring Down Puerto Rico’s High Electricity Rates, August 2018
India’s Vast Potential in Solar-Powered Irrigation, August 2018
A Bad Month for the Southeast Asian Coal Power Juggernaut: Warning Lights Flashing for IPPs in Indonesia and Malaysia While Global Bankers Play Poker with Coal Risk, August 2018
Marubeni’s Coal Problem: A Japanese Multinational’s Power Business Is at Risk, July 2018
Karnataka’s Electricity Sector Transformation, July 2018
Renewable Energy Infrastructure Investment Opportunity for UK Pension Funds, July 2018
Multibillion-Dollar Oil Scandal Goes Unaddressed in PREPA Contract Reform and Privatization, July 2018
- Spanish-language executive summary: Resumen Ejecutivo – Escandalo combustible AEE
The Financial Case for Fossil Fuel Divestment, July 2018
Phasing in Renewables Towards a Prosperous and Sustainable Energy Future in Kosovo: Challenges and Possible Solutions” (IEEFA/Germanwatch/KOSID), July 2018.
Bylong Coal Project Expert Review, June 2018
Decision Time at Poland’s PGE: Why a High-Risk, Fossil-Heavy Strategy Doesn’t Add Up, May 2018
- Spanish-language version of executive summary: El Plan Fiscal Defectuoso de la Autoridad de Energía Eléctrica de Puerto Rico: Los Déficits Presupuestarios y la Débil Implementación Crean un Riesgo Sustancial
Solar Is Driving a Global Shift in Energy Markets, May 2018
PLN’s Coal IPP Funding Gap Suggests Tariffs Must Rise in 2020, May 2018
Six Insurmountable Business Risks to Keeping Navajo Generating Station Open Past 2019, April 2018
Perusahaan Listrik Negara (PLN): A Power Company Out of Step with Global Trends, April 2018
Privatization Bill Will Not Solve Puerto Rico’s Electricity Crisis, April 2018
- Full report in Spanish: El proyecto de privatización no resolverá la crisis eléctrica de Puerto Rico
Economic Picture Worsens for Navajo Generating Station, April 2018
Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh, April 2018
ExxonMobil’s Climate Risk Report Defective and Unresponsive, March 2018
The Least-Cost Mechanism, March 2018
Toward Electric System Sustainability in Puerto Rico, February 2018
Westmoreland Coal Is in Trouble, February 2018
Cheap Renewables Transforming Global Electricity, February 2018
Power-Industry Transition, Here and Now, February 2018
Electricity Sector Transformation in India, A Case Study of Tamil Nadu, February 2018
Affidavit Before the New Mexico Public Regulation Commission on the Financial Condition of Westmoreland Coal , February 2018
U.S. Coal – More Market Erosion is on the Way, February 2018 (Webinar, February 6, 2018)
China 2017 Review: World’s Second-Biggest Economy Continues to Drive Global Trends in Energy Investment, January 2018
Window of Opportunity: Navajo Solar, December 2017
Can the U.S. Coal Industry Come Back?, November 2017
Raising The Philippine Coal Tax Makes Economic Sense, November 2017
Now Is The Time To Restructure The Philippines Electricity Sector, November 2017
India Electricity Sector Transformation, November 2017
Carmichael Briefing Note: Are Australian Taxpayers About to Subsidise a Chinese State Owned Enterprise?, November 2017
Green Finance Initiative: The Renewable Energy Investment Opportunity for UK Pension Funds, HSBC Global Asset Management and IEEFA, November 2017
Puerto Rico’s Electricity System, Before and After Hurricane Maria (Webinar), October 2017
How European Utilities Can Capitalize on New Emission Limits to Drive Decarbonization: The Case of Endesa, October 2017
A Half-Built, High-Priced Nuclear White Elephant: How Should the U.K. Proceed With This Troubled Project?, October 2017
Carving out Coal in the Philippines, October 2017
Global Electricity Utilities in Transition: Leaders and Laggards: 11 Case Studies, October 2017
An Australian House of Cards: The Escalating Financial Risk in Adani’s Abbot Point Coal Terminal, October 2017
IEEFA Fact Sheet: Why Norway’s Government Pension Fund Should Invest in Unlisted Infrastructure, September 2017
IEEFA Fact Sheet: Edwardsport and Kemper, September 2017
Using Coal Gasification to Generate Electricity: A Multibillion-Dollar Failure, September 2017
IEEFA Testimony: NAIF Inadequate Project Assessment and Failure of Public Interest Test Submission,August 2017
IEEFA letter to Colorado Gov Hickenlooper, August 2017
IEEFA Fact Sheet: Why Navajo Generating Station Is No Longer Commercially Viable, August 2017
Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future, August 2017
IEEFA letter to Chairman Carrion and Governor Rossello, August 2017
Hume Coal Update 2017: Superior Alternatives are Available, July 2017
IEEFA Sommer Kunkel Testimony, PREPA Aguirre Site Economic Analysis, PREC, June 2017
It Is Time to Retire, Not Bail Out, OVEC’s Two Coal Plants, June 2017
Australia’s Export LNG Plants at Gladstone: The Risks Mount, June 2017
NTPC as a Force in India’s Electricity Transition: Leading the Way Toward a New Energy Economy, May 2017
End of an Era: Navajo Generating Station, May 2017
Electricity-Sector Opportunity in the Philippines, May 2017
Europe Coal-Fired Plants: Rough Times Ahead, May 2017
Adani: Remote Prospect: Carmichael Status Update 2017, April 2017
Research Brief U.S. Coal Phase-Out, Blow by Blow, April 2017
ExxonMobil Investor Note, April 2017
Letter to U.S. Rep. Doug LaMalfa regarding, PREPA Restructuring Support Agreement, March 2017
Japan: Greater Energy Security Through Renewables, March 2017
Making the Case for Investment in Renewable Energy Infrastructure, February 2017
Puerto Rico (PREPA) Briefing Note, January 2017
2017 U.S. Coal Outlook: Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals, January 2017
Spain’s Capacity Market: Energy Security or Subsidy, December 2016
The Dutch Coal Mistake, November 2016
IEEFA Update Emerging Markets Lead Global Investment in Renewables, November 2016
Bangladesh Electricity Transition: A Diverse, Secure and Deflationary Way Forward, November 2016
The High-Risk Financing Behind the Dakota Access Pipeline: A Stranded Asset in the Making in the Bakken Region of North Dakota, November 2016
IEEFA Comments on Northern Gas Pipeline Environmental Impact Statement, October 2016
IEEFA Filing: Testimony to the Puerto Rico Energy Commission, October 2016
2016: Year in Review—Three Trends Highlighting the Accelerating Global Energy Market Transformation, November 2016
PowerPoint: State of International Electricity Markets & Stranded Asset Risk, October 2016
Red Flags on ExxonMobil (XOM): A Note to Institutional Investors, October 2016
Research Memo: Rampal Loan Puts EXIM Bank and Bondholders at Risk, October 2016
The Northern Gas Pipeline Submission to the EIS, October 2016
New Development Bank and Role in BRICS Renewable Energy Targets, October 2016
A Foundation-Based Framework for Phasing Out German Lignite in Lausitz, September 2016
- Ein stiftungsbasierter Rahmen für den Ausstieg aus der deutschen Braunkohleförderung in der Lausitz (German summary)
The Beginning of the End: Fundamental Changes in Energy Markets Are Undermining the Financial Viability of Coal-Fired Power Plants in Texas, September 2016
Re-Regulating Coal Plants in West Virginia: A Boon to FirstEnergy, a Burden to Ratepayers, September 2016
China Shenhua Energy Company-Key Details From 2016 Interim Results Aptly Titled “Coal Supply-Side Reform”, September 2016
FirstEnergy Bailout Proposals Grow More Audacious, and Onerous, for Ohio Ratepayers, August 2016
The Hume Coal Mine A Stranded Asset in the Southern Highlands, August 2016
PREPA Debt Restructuring Deal Won’t Restore Agency to Financial Health, August 2016
India’s Questionable Ultra Mega Power Plans, August 2016
Texas’ Outsize Role in the Decline of the Powder River Basin Coal Industry, August 2016
Turkey at a Crossroads: Invest in the Old Energy Economy or the New? June 2016
Risky and Over Subsidised A Financial Analysis of the Rampal Power Plant, June, 2016
- Statement of Professor Mahbubul Mokaddem Akash, Department of Economics, Dhaka University
- Bangla translation of the executive summary and statement of Professor Professor Mahbubul Mokaddem Akash
- আইইইএফএ এর ‘ঝুঁকিপূর্ণ এবং ব্যয়বহুল রামপাল বিদ্যুৎ প্রকল্পের একটি অর্থনৈতিক সমীক্ষার’ সারসংক্ষেপ এবং অধ্যাপক মাহবুবুল মোকাদ্দেম (আকাশ)এর মুখবন্ধের বাংলা অনুবাদ
Pipe Dreams: A Financial Analysis of the Northern Gas Pipeline, May 2016
Sub-Critical Australia’ Risks From Market Imbalance in the Australian National Electricity Market, May 2016
Memorandum on Costs to Ratepayers if NorthWestern Energy or State of Montana Purchase Colstrip Plant, May 2016
Letter to Montana Legislators, May 2016
Comments on the Puerto Rico Electric Power Authority’s Integrated Resource Plan, April 2016 (en español)
Risks Associated With Natural Gas Pipeline Expansion Across Appalachia, April 2016
Bad Choice: The Risks, Costs and Viability of Proposed U.S. Nuclear Reactors in India, March 2016
IEEFA Japan Briefing: Japan’s Energy Transformation, March 2016
IEEFA Memo to Utah State Legislature, March 2016
PowerPoint: A Bleak Future for Colstrip Units 1 and 2 Has Become Much Bleaker, March 2016
Energy Poverty, Then and Now: How Coal Proponents Have It Wrong, March 2016
Peabody’s Strategies for Survival Ignore Market Realities and Risk Backfiring, February, 2016
A $4 Billion Bailout in the Buckeye State: FirstEnergy’s Plan Will Cost Customers for Years to Come, February, 2016
The Proposed New Kosovo Power Plant: An Unnecessary Burden at an Unreasonable Price, January, 2016 (version in Albanian)
Declaration of David Schlissel, Case No. 15-1363 and Consolidated Cases: State of West Virginia v. USEPA , December, 2015
Declaration of Tom Sanzillo, Case No. 15-1363 and Consolidated Cases: State of West Virginia v. USEPA, December, 2015
Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset, December, 2015
Carpe Diem: Eight Signs That Now is the Time to Invest in the Global Energy Market Transformation, November, 2015
IEEFA background briefing, Australian Export Coal Quality, November, 2015
Georgia Power Company Should Retire Plant, November, 2015
PowerPoint: Georgia Power Should Retire Plant Hammond, November, 2015
PowerPoint: Changing Dynamics in the Global Seaborne Thermal Coal Markets & Stranded Asset Risk, November, 2015
Public Comment to D.C. Public Service Commission, November, 2015
Memo to D.C. City Council: Ring-Fence Provisions of Proposed Exelon-Pepco Merger, November, 2015
Report: Past Peak Coal in China, November, 2015
Report: India’s Electricity-Sector Transformation: Global Capacity Building, November, 2015
Briefing Note: West Virginia Bailout Emboldens FirstEnergy and AEP in Ohio, October, 2015
Report: The Time is Right to Retire C.D. McIntosh Unit 3, October, 2015
Briefing Note: Adani Remote Prospects, September 2015
Testimony of Tom Sanzillo, City of Oakland, City Council Public Hearing, September, 2015
Report: Opportunity for a New Direction for Puerto Rico’s Electric System, September, 2015 (Versión en Español)
Losing Proposition – Why the Proposal to Repower the Cayuga Plant Should Be Rejected, August, 2015
India’s Electricity Sector Transformation, August, 2015
Planning Assessment Commission Submission: Newcastle T4, A Stranded Asset?, July, 2015
Memorandum: CONSOL Proposal to Create CNX Coal Resources LP, June, 2015
A Bleak Future for Colstrip Units 1 and 2, June, 2015
Cheyyur UMPP: Financial Plan Will Make Electricity Unaffordable, May, 2015
Galilee Coal Basin: Carmichael – A Stranded Asset? May, 2015
Case for Divesting Coal from the Norwegian Pension Fund Global, May, 2015
Briefing Note: An Overview of Adani Enterprises’ Corporate Restructuring, May, 2015
Peabody Energy Management Is Rewarded as Investors Lose and Workers Are at Risk, April, 2015
Teck Resources: Rough Road on Oil Sands Investments, April, 2015
Letter to the Alaska Department of Natural Resources regarding Chuitna Coal Mine, April, 2015
Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised, April, 2015
2014 – Another Year of Unmet Promises for the Prairie State Energy Campus, February, 2015
Exelon’s Proposed Acquisition of Pepco Holdings: Corporate Strategy at D.C. Ratepayer Expense, January, 2015
Briefing Note: Global Energy Markets in Transition, January, 2015
Stranded Out West: The Imminent Failure of Lanco Infratech’s Investment In Griffin Coal, December 2014
Briefing Note: The Narrabri Coal Seam Gas Project, December, 2014
No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity, November, 2014
20 Fourth-Quarter Questions for Powder River Basin Coal Producers, November, 2014
‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development, October, 2014
Memo: Analysis of Paducah Power System’s Recent and Future Costs of Power from the Prairie State Energy Campus, October, 2014
Briefing Note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals, October, 2014
Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers, October, 2014
FirstEnergy Seeks a Subsidized Turnaround, October, 2014
Report: No Evidence of a Turnaround at Prairie State, September, 2014
Briefing Note: Fossil Fuels, Energy Transition & Risk, July, 2014
Duke Energy and Costs of Coal Ash Cleanup, June, 2014
Briefing Note: Fossil Fuels, Energy Transition & Risk, June, 2014
Briefing Note: Thermal Coal Outlook, May, 2014
Briefing Note: India Power Prices, May, 2014
Briefing Note: WICET, May, 2014
Briefing Note: Fossil Fuels, Energy Transition & Risk, April, 2014
Overpriced power: Why Batavia is Paying So Much for Electricity, February, 2014
Huntley Generating Station: Coal Plant’s Weak Financial Outlook Calls for Corporate and Community Leadership, January, 2014
When, Not If: Bridgeport’s Future and the Closing of PSEG’s Coal Plant, January, 2014
Remote Prospects: A Financial Analysis of Adani’s Coal Gamble in Australia’s Galilee Basin, November, 2013
Energy Future Holdings and Mining Reclamation Bonds in Texas, October, 2013
Coal India: Running on Empty? CIL Misleading Investors, Extractable Reserves Could be Exhausted in 17 years, September, 2013
Changing Course: A Clean Energy Investment Plan for Dominion Virginia Power, August, 2013
Why Should the Ohio Attorney General Be Asked To Investigate The Prairie State Deal? August, 2013
Mountain State Maneuver: AEP and FirstEnergy Try to Stick Ratepayers with Risky Coal Plants, July, 2013
Stranded: Alpha Coal Project in Australia’s Galilee Basin, June, 2013
Dark Days Ahead: Financial Factors Cloud Future Profitability at Dominion’s Brayton Point, March, 2013
Why a Forward Capacity Market Won’t Solve Texas’ Resource Adequacy Problem: The Case of Energy Future Holdings, February, 2013
A Texas Electric Capacity Market: The Wrong Tool for a Real Problem, February, 2013
The Kemper IGCC Project: Cost and Schedule Risks, November, 2012
The Prairie State Coal Plant: The Reality vs. The Promise, August, 2012