Adani

IEEFA Research

IEEFA: Innovative financing can help India achieve its renewable energy goals

IEEFA: Innovative financing can help India achieve its renewable energy goals

Green bonds, multilateral development bank loans and infrastructure investment trusts are among potential financing sources

29 October (IEEFA India): To reach India’s renewable energy goals, companies in the sector will need to fund capacity expansion with massive amounts of capital at competitive rates. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) looks at how this can be done by augmenting traditional financing structures and sources […]

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

Orsted transitioned from a coal intensive utility to a global renewable energy leader creating immense shareholder wealth

17 September 2021 (IEEFA India): Orsted, the once Danish state-owned utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive […]

IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth

IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth

Freeing up India’s ‘on-hold’ renewable energy capacity

7 April 2021 (IEEFA India): Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening investor confidence and threatening the viability of projects, finds a new briefing note from the Institute for Energy […]

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

The key domestic and international institutions driving renewable energy growth in India

16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]

IEEFA: Wind-solar hybrid systems can power India’s next wave of renewables growth

IEEFA: Wind-solar hybrid systems can power India’s next wave of renewables growth

Hybrid generation can produce consistent power at competitive tariffs

8 October 2020 (IEEFA) ‒ India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research. “This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy […]

IEEFA: These 7 auctions show India’s renewables sector is still primed for growth

IEEFA: These 7 auctions show India’s renewables sector is still primed for growth

Despite pandemic disruptions, there is plenty of investment capital available for renewable projects

22 September 2020 (IEEFA India): While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note.  Policy-related headwinds and a collapse in electricity demand due to the COVID-19 […]

and September 22, 2020 Read More →

IEEFA Report: BHP coal assets worth a billion less than just two years ago

Jumping Ship?

8 August 2020 (IEEFA Australia): Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting “from digging coal”. This follows BHP being put on a watch list by the Norwegian Sovereign Wealth Fund as a firm not adopting business strategies aligned with the […]

IEEFA report: Is India’s PFC financing a herd of white elephants?

IEEFA report: Is India’s PFC financing a herd of white elephants?

Government-owned electrification funders are leading backers of non-performing assets

7 May 2020 (IEEFA India) — Power Finance Corporation (PFC) and Rural Electric Corporation Ltd (REC), big state-owned institutions charged with financing a large part of India’s growing need for electricity generation, may instead be funding a herd of white elephants — obsolete and economically unviable coal-fired power plants that could soon become stranded assets. […]

IEEFA Australia: Australian taxpayers funding subsidies worth billions for Adani’s Carmichael thermal coal mine

Carmichael mine unbankable and unviable without subsidies

29 August 2019 (IEEFA Australia): After yet another three month extension, there is now just one month to go until Adani and Queensland Treasury sign off on a massive 900 million dollar 7-year low interest royalty capital subsidy for the Indian billionaire Adani Group – ensuring no royalty return from Carmichael into the Queensland community […]

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

Buyer beware

16 August 2019 (IEEFA Australia): Contractors, employees and debtors seeking work with Adani Mining are taking a financial risk with reports of previous contractors being burnt and the listed Indian parent company – Adani Enterprises Ltd – still lacking the financial capacity to deliver on the project, concludes a new briefing note out today. Written […]

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IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

The avalanche of technology, policy and finance moves is now unstoppable

The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]

January 19, 2022 Read More →

Two tycoons expected to invest $145 billion into India renewables

S&P Global Market Intelligence ($): India’s journey to net-zero emissions will get a shot in the arm from nearly $150 billion of planned investments in green energy announced by its two richest tycoons, who both owe their fortunes to carbon. Reliance Industries Ltd., the flagship of Asia’s richest man, Mukesh Ambani, announced plans to invest […]

January 18, 2022 Read More →

Reliance Industries plans $80 billion investment in green projects

Reuters: India’s Reliance Industries (RELI.NS) said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035. Owned by billionaire Mukesh Ambani, the conglomerate has in the past year unveiled plans […]

January 14, 2022 Read More →

Projects across Galilee Basin fail to materialize as coal falls into disfavor

The Guardian: Queensland’s huge untapped Galilee coal basin was touted as a jobs and revenue bonanza by its supporters, with the potential to liberate hundreds of millions of tonnes of harmful greenhouse gases. The Galilee’s potential as a “carbon bomb” was wrapped up in a dozen or more coalmining projects and estimates of billions of […]

January 10, 2022 Read More →

IEEFA Australia: Captive insurers threaten an orderly coal exit

As insurers retreat, the coal industry is turning to self-insurance

The good news is that coal is rapidly becoming uninsurable. Coal has been one of the largest contributors to climate change in history, and COP26 recently identified its elimination from energy sources as a prerequisite to meet the Paris Agreement’s 1.5℃ warming target. European insurers like AXA, SCOR and Zurich have led the way in […]

IEEFA India: Renewable energy capacity additions poised to reach five-year high

IEEFA India: Renewable energy capacity additions poised to reach five-year high

Renewable energy capacity additions could hit 15GW this financial year, hastening retirement of expensive coal plants

Renewable energy capacity additions in India are poised to hit about 15 gigawatts (GW) this financial year, eclipsing the record high of 14GW achieved in FY2016/17. As India’s second wave of COVID-19 subsided, renewable capacity commissioning began to bounce back. A total of 8.6GW of renewable energy (RE) capacity – 7.6GW of which was solar […]

December 16, 2021 Read More →

Adani signs deal to sell power from India’s largest clean-energy project

Bloomberg ($): Adani Green Energy Ltd. signed a deal to sell power from about 4.7 gigawatts of solar power from India’s largest clean-energy project as the country aims to accelerate the adoption of renewables.  The agreement with state-run Solar Energy Corp. of India means the Adani Group unit has secured takers for almost 6 gigawatts […]

December 14, 2021 Read More →

IEEFA: BlackRock has moved rapidly on climate – but Adani exposures remain a major obstacle

A glaring inconsistency in the US$10 trillion giant’s commitment to climate action

One of the successes of the COP26 summit was the growth in the UN-convened Glasgow Financial Alliance for Net Zero to a US$130 trillion of collective assets, almost double the total of just six months ago. Enforcement of the substance of this pledge comes next. And within that, BlackRock has moved massively on the issue of climate […]

November 19, 2021 Read More →

Adani plans $70 billion investment in renewables over next decade

The Hindu: Billionaire Gautam Adani on Thursday said his logistics-to-energy conglomerate will invest $ 70 billion over the next decade to become the world’s largest renewable energy company and produce the cheapest hydrogen on the Earth. Adani Green Energy Ltd (AGEL), the world’s largest solar power developer, is targeting 45 gigawatts of renewable energy capacity […]

November 12, 2021 Read More →
IEEFA India: Renewable energy sector could attract a flood of global capital to meet climate targets

IEEFA India: Renewable energy sector could attract a flood of global capital to meet climate targets

Renewable energy developers need to pursue a range of financing avenues from green bonds and multilateral development bank loans to infrastructure investment trusts

India is the world’s fourth largest energy consumer and among the fastest growing large economies. With strong economic growth and electricity demand, the country will need additional sources of energy to fuel its economy – the International Energy Agency (IEA) projects that India’s energy demand will increase by 35% from 2019 to 2030. The nation’s […]