Author Archive: Sara Jane Ahmed

Former IEEFA Energy Finance Analyst Sara Jane Ahmed is the author of several studies on island grid transition, coal stranded asset risk, and rooftop solar. She is a former investment advisor specializing in originating and structuring energy opportunities in emerging markets.

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade

3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]

IEEFA: Philippines coal moratorium highlights dramatic pivot to renewable energy investment for lower prices and power system resilience

Policymakers and industry leaders ready to embrace new energy technologies

3 November 2020 (IEEFA Philippines): The Department of Energy’s call for a moratorium on greenfield coal power plants marks a clear break with past policies and comes as the Philippines prioritizes the need for more resilient, flexible and lower cost alternatives to fossil fuel baseload power, finds a new report from the Institute for Energy […]

IEEFA: Now is the time for early fossil fuel displacement in South and Southeast Asia

Transitioning to renewables earlier can reduce exposure to stranded assets

While coal power generation in Asia increased to 80% of the global total in 2019, institutional factors have hindered a transition to renewable energy in South and Southeast Asia. Inflexible contractual obligations with fossil fuel suppliers have locked in government energy expenditures, and outdated electricity grids are often not even equipped to incorporate low-cost renewables. […]

October 7, 2020 Read More →

IEEFA: Measuring and managing energy transition risk in the Philippines

There is an opportunity to improve the power system

As part of a UK government-funded project to support the Philippines power sector stakeholders navigate the shifts, risks and opportunities associated with the energy transition, the Carbon Tracker Initiative (CTI), in collaboration with the Institute of Energy Economics and Financial Analysis (IEEFA) and the Institute for Climate and Sustainable Cities (ICSC), have hosted a series […]

September 24, 2020 Read More →

Philippines update: Meralco carve-out clause means power companies, investors, bear the risk of ignoring clean energy

Company directors must consider if accepting fossil fuel risks violates their fiduciary duty to act in shareholders’ best interests

MANILA – In recent days, the country’s energy sector has been abuzz with talk from the energy managers of a drive to accelerate indigenous energy development. This is driven by the experience of the real fears of imported fuel supply insecurity for the whole energy sector at the onset of the [coronavirus] pandemic, especially for […]

IEEFA update: Southeast Asian nations face a simple choice – lock in costly coal or invest in renewables

Market design failures and poorly conceived incentives burden consumers with high power prices and unstable supply

Southeast Asia is young. Its median age is under 30, and its demand for energy has grown by 60% in the last 15 years and is likely to continue growing twice as fast as other regions. But as this youthful population moves into leadership positions, they will see that incentive and market design failures in […]

IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific

From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned

July 1, 2020 (IEEFA) – Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as much as 16% during the COVID-19 lockdown, causing extreme stress […]

IEEFA Philippines: Reshaping the power market by moving towards renewables and energy resilience by 2021

Less reliance on big coal power and accelerating auctions will reduce prices and provide a more reliable electricity system

June 24, 2020 (IEEFA Philippines) – The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector if it swapped its reliance on expensive coal power for cheaper renewables and structured a transition plan using auctions, finds a new report from the Institute for Energy Economics and Financial […]

IEEFA update: Improving power sector resilience and price stability in Bangladesh

Overcapacity, capacity payments, subsidies and tariffs are set to rise

Prior to COVID-19, Bangladesh already had an excess capacity leading to significant capacity payments to plants lying idle. The excess capacity comes from overestimated forecasts of power demand growth that have led to excessive capacity additions. Overcapacity translates to reduced utilization rates of plants.  In 2018-19 utilization was only 43%, which is below the global […]

IEEFA op-ed: The Philippines considers a power sector future without new coal

The Philippines’ Congress and conglomerates confirm backing a shift to Renewable Energy

COVID-19 has exposed the fragility and inequities of the old economy. On June 5, the Philippines’ Congress Committee on Climate Change approved House Resolution 761 calling for a climate emergency response, which includes not permitting any new coal plants. Such a measure would support of the Department of Energy’s earlier caution against an overreliance on […]