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Vattenfall to turn closed Moorburg coal plant into a green hydrogen hub

Bloomberg: Vattenfall AB plans to turn the site of its recently shuttered Moorburg coal power plant in northern Germany into a hub for turning wind and solar power into hydrogen. The Swedish state-owned utility is riding the growing enthusiasm for hydrogen, with many countries seeing the clean fuel as key to a low-carbon economy. Governments […]

January 22, 2021 Read More →
IEEFA: ExxonMobil must change direction to thrive
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IEEFA: ExxonMobil must change direction to thrive

For oil majors, rising prices no longer guarantee financial success

By virtually every measure, the global oil and gas industry had a dreadful 2020. Demand slumped; prices sagged; stockpiles swelled; profits evaporated; and, for the fifth time in seven years, the energy sector ended the year in last place in the stock market.  Amid this rout, ExxonMobil stood out for its poor performance. The company’s stock lost 40 percent […]

IEEFA: Is oil giant Total an emerging leader of the energy transition?

Shows how to pivot from an oil company to an energy company

Last summer, French oil and gas giant Total SE announced a $7 billion impairment charge for two Canadian oil sands projects. This might have seemed like an innocuous move, merely an acknowledgement that the projects hadn’t worked out as planned.  Yet it opened a Pandora’s box that could change the way the industry thinks about […]

IEEFA India: The false promise of ‘second life’ coal

India risks Rs4 trillion new investment in yet more stranded fossil fuel assets

Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]

January 19, 2021 Read More →

Total continues renewable expansion, buys stake in Adani Green Energy

Greentech Media: Total has acquired a stake in India’s Adani Green Energy (AGEL), a move that continues to push the French oil major ahead of its European peers when it comes to renewables. AGEL has 3 gigawatts of operating renewable capacity, another 3 GW under construction and 8.6 GW in development, adding up to 14.6 […]

January 19, 2021 Read More →
IEEFA U.S.: Colorado’s newest coal plant, needing extensive repairs (again), was idle for a year

IEEFA U.S.: Colorado’s newest coal plant, needing extensive repairs (again), was idle for a year

Utility commission launches investigation of Comanche Unit 3 costs; seamless replacement of power adds to case for early closure

Xcel Energy’s troubled Unit 3 at the Comanche Generating Station in Colorado was offline for almost an entire year after being closed for repairs—even as customers started paying the $11.7 million cost of fixing previous problems. The latest in a long saga of failures at Comanche 3 started on Jan. 13, 2020, when it was […]

January 15, 2021 Read More →

Florida Power & Light closes its last coal-fired power plant in the state

Power Engineering: Florida Power & Light’s last coal-fired plant in that state has officially closed. The formal retirement of Indiantown Cogeneration Plant came as the clock struck midnight on Dec. 31. FPL acquired the plant three years earlier for the sole purpose of shutting it down. FPL is owned by NextEra Energy Inc. Another NextEra […]

January 15, 2021 Read More →

New York awards 2.5GW of offshore wind projects to Equinor and BP

Greentech Media: The state of New York has awarded 2.5 gigawatts of offshore wind projects to developers Equinor and BP, the largest yet in the state’s massive offshore wind build-out and one of the single largest U.S. renewable energy contracts yet awarded. Wednesday’s award, announced by New York Gov. Andrew Cuomo during his 2021 State […]

January 14, 2021 Read More →
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Actualización IEEFA: Las centrales de gas natural con financiación federal siguen estando en el punto de mira de la autoridad responsable de la energía eléctrica en Puerto Rico

Una central de ciclo combinado de 400 megavatios (MW) y 11 plantas de pico nuevas recibirán 850 millones de dólares de los fondos federales

En agosto de 2020 el Negociado de Energía de Puerto Rico aprobó un plan a largo plazo para el sistema eléctrico de la isla en el que se pedían mayores inversiones en energía renovable y almacenamiento. Dicha entidad había trabajado durante meses integrando análisis de varias partes interesadas y finalmente había rechazado nuevas iniciativas de […]

and January 12, 2021 Read More →
IEEFA: Puerto Rico power authority continues end-run attempts around regulators with federally-funded natural gas plans
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IEEFA: Puerto Rico power authority continues end-run attempts around regulators with federally-funded natural gas plans

$850 million in federal funds targeted for 400-megawatt (MW) combined-cycle natural gas plant and 11 new peaker plants

In August 2020, the Puerto Rico Energy Bureau approved a long-term plan for the island’s electrical system that called for greater investments in renewable energy and storage. The bureau worked for months to integrate analysis from a variety of stakeholders and eventually rejected new natural gas initiatives because of their costs and logistical challenges. Yet […]

and January 12, 2021 Read More →