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IEEFA: Birchwood coal facility closure/redevelopment highlights transition from coal to renewables

IEEFA: Birchwood coal facility closure/redevelopment highlights transition from coal to renewables

Birchwood plant shifts from coal showcase to solar-plus-storage resource

The Birchwood coal facility in Virginia is emblematic of the rapid transition from coal to renewable energy underway in the U.S. Four years ago, General Electric, which owns half of the 242-megawatt (MW) unit, planned to make the facility a showcase of its digital technologies, promising efficiency improvements, reduced emissions and lower costs. Earlier this […]

April 13, 2021 Read More →
IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations

The emerging markets of Bangladesh and Vietnam are alluring for foreign energy companies looking to make money in the region. But these nations stand to lose both economically and environmentally through a pivot from coal to gas. Such a switch risks hindering investment into renewable energy and derailing climate progress across the continent. In Bangladesh, […]

April 13, 2021 Read More →

New York state pension fund to divest from six Canadian oil sands companies

Reuters: New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday. The New York State Common Retirement Fund will divest more than $7 million in securities already held […]

April 13, 2021 Read More →

BlackRock raises $4.8 billion for new renewable energy investment fund

Bloomberg: BlackRock Inc. has raised $4.8 billion for a new fund to invest in renewable power assets around the world – almost double its initial target. The company’s real assets division closed on its third global renewable power fund, drawing money from over 100 institutional investors. It’s the latest sign of increasing interest from investors […]

April 12, 2021 Read More →
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IEEFA webinar: What’s wrong with Duke Energy’s plans for new gas-fired power plants in the Carolinas?  

Lessons may apply to other parts of the U.S. planning new gas investments and sidestepping renewables

Discover how Duke Energy’s Carolina integrated resource plans (IRPs) over-rely on gas-fired generation while largely ignoring renewables-based options ⎼ a recurring oversight in utility planning efforts in the U.S. Log in Thursday, April 15th at 1:00 p.m. EDT for an accessible deep-dive with IEEFA energy analyst Dennis Wamsted who will explore current plans and discuss alternatives. Drawing on an in-depth […]

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IEEFA: India has a record level of stockpiled coal dampening need for new domestic mines

Proposed coal mining expansions at odds with excess supply

8 April 2021 (IEEFA India): India has stockpiled a record 132 million tonnes of coal – enough to run India’s power plants for two months – greatly exceeding the average of the previous five years, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). The note by analyst and […]

IEEFA: Savings from Puerto Rico grid privatization off to a bad start

Contractor that promised savings set to exceed budget even before taking over

Puerto Rico’s key electrical system privatization initiative has been a longshot to save money for the people of Puerto Rico—and the odds are getting longer, according to an analysis of the 15-year contract with LUMA Energy and its proposed budgets for the next three years. An Institute for Energy Economics and Financial Analysis (IEEFA) review […]

April 8, 2021 Read More →

IEEFA EE. UU.: El ahorro de la privatización de la red de Puerto Rico tiene un mal comienzo

Contratista que prometió ahorros superará el presupuesto incluso antes de hacerse cargo de la red

La iniciativa clave de privatización del sistema eléctrico de Puerto Rico ha sido una posibilidad remota para ahorrar dinero al pueblo de Puerto Rico, y las probabilidades se están haciendo más lejanas, según un análisis del contrato de 15 años con LUMA Energy y sus presupuestos propuestos para los próximos tres años. Una revisión del […]

April 8, 2021 Read More →
IEEFA U.S.: Selection of Puerto Rico privatization contract winner based on identical scores, identical mistakes

IEEFA U.S.: Selection of Puerto Rico privatization contract winner based on identical scores, identical mistakes

Results of selection process raise new questions about Puerto Rico grid reconstruction contract

An objective analysis of the award of a 15-year privatization contract for Puerto Rico’s electrical system to LUMA Energy raises numerous red flags about the integrity of the process. LUMA is scheduled to take over the non-generation functions of the Puerto Rico Electric Power Authority (PREPA) on June 1, including transmission, distribution, billing, customer service, […]

April 7, 2021 Read More →

IEEFA EE. UU.: Selección del ganador del contrato de privatización de Puerto Rico basado en puntuaciones idénticas, errores idénticos

Los resultados del proceso de selección plantean nuevas preguntas sobre el contrato de reconstrucción de la red de Puerto Rico

Un análisis objetivo de la adjudicación de un contrato de privatización de 15 años para el sistema eléctrico de Puerto Rico a LUMA Energy levanta numerosas banderas rojas sobre la integridad del proceso. Luma tiene programado asumir las funciones de no generación de la Autoridad de Energía Eléctrica de Puerto Rico (AEE) el 1 de […]

April 7, 2021 Read More →