Author Archive: IEEFA

Engie to close its remaining coal plants by 2027

S&P Global Market Intelligence ($): Engie SA will close its last coal plants in Europe, Africa and Latin America by 2027, part of the company’s ongoing quest to simplify its business and put a stronger focus on renewable energy. The French utility’s new CEO, Catherine MacGregor, said Feb. 26 that Engie would get rid of […]

February 26, 2021 Read More →

Drax scraps plans for massive 3.6GW gas project in U.K.

The Guardian: Drax has scrapped its controversial plans to build Europe’s largest gas power plant at its site in North Yorkshire following fierce opposition from climate groups. The electricity generator confirmed that it would drop plans to build two combined cycle gas turbines (CCGTs) in place of two old coal burning units at the Drax […]

February 26, 2021 Read More →

Mitsubishi pulls out of Vinh Tan 3 coal project in Vietnam

Nikkei Asia: Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned. The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan and Vietnam are pursuing together. Environmental […]

February 26, 2021 Read More →

First wind project in Mississippi gets state go-ahead

Mississippi Today: Two major renewable energy projects are planned for Mississippi, including the state’s first wind-power farm. Lawmakers said Wednesday that a $250-million wind farm is planned for Tunica County and a $140-million to $160-million solar farm for Chickasaw County. The state Senate approved allowing the local counties to provide tax breaks for the projects. […]

February 26, 2021 Read More →

Plug Power to build U.S.’ largest green hydrogen plant in New York

Bloomberg: Plug Power Inc. will build the continent’s biggest green hydrogen plant in New York state, as the company once known for selling forklifts aggressively moves into producing the clean-energy fuel. Plug plans to spend $290 million building the plant and an electrical substation in the town of Alabama, situated about 35 miles east of […]

February 26, 2021 Read More →

Iberdrola to spend $182 billion to triple renewable energy capacity by 2030

PV Tech: Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030. The Spanish energy group made the pledge after its renewables business posted net profits of €3.6 billion (US$4.4 billion) last year despite the widespread disruption in […]

February 25, 2021 Read More →

Replacing gas peakers could be 100GW market for battery storage in U.S., researchers say

S&P Global Market Intelligence ($): Adjacent to Vistra Corp.’s natural gas-fired Moss Landing CC power plant on California’s Monterey Bay, two of the world’s biggest lithium-ion battery storage stations are emerging as critical new assets for the state’s clean energy transition. Across the country in Manatee County, Fla., meanwhile, Florida Power & Light Co. is […]

February 25, 2021 Read More →

HSBC, Barclays challenged over Japanese bond that could fund Vietnam coal plant

Reuters: HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam. Both banks have come under pressure from investors keen to see them do more to help the world shift […]

February 25, 2021 Read More →

Wood Mackenzie sees big potential for floating offshore wind in Asia-Pacific region

Offshore Engineer: Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion, counting the projects in the early planning stages. “A significant market for […]

February 25, 2021 Read More →

Puerto Rico moves forward with RFP for 1GW of renewables, 500MW of battery storage

Renewables Now: The Puerto Rico Electric Power Authority (PREPA) is seeking to contract 1 GW of renewable energy and 500 MW/2 GWh of energy storage capacity on the island. On Monday, the power company released a request for proposals (RfP) with a submissions deadline of May 3. The successful proponents will get off-take contracts of […]

February 25, 2021 Read More →