GE

IEEFA Research

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA report: GE’s Q3 loss, write-off likely to be $9+billion

IEEFA report: GE’s Q3 loss, write-off likely to be $9+billion

More red ink to follow as O&G division has nearly $25 billion on balance sheet

October 4, 2019 (IEEFA U.S.)  ̶  General Electric’s misreading of changing dynamics in the energy sector and its Oil & Gas (O&G) division’s 2017 merger with oil services company Baker Hughes have cost the company billions, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, GE’s […]

IEEFA report: Risk factors multiply for GE as California power plant shutters—20 years early

IEEFA report: Risk factors multiply for GE as California power plant shutters—20 years early

Lackluster demand for natural gas may continue to dampen revenues

July 25, 2018 (IEEFA U.S.) – The closure of a $1 billion natural gas power plant in southern California, only 10 years into its planned 30-year life cycle, spells trouble for GE, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, New Risk Factors Emerge as […]

IEEFA report: GE made a massive bet on the future of natural gas and thermal coal, and lost

IEEFA report: GE made a massive bet on the future of natural gas and thermal coal, and lost

Investors lost hundreds of billions by GE’s misreading of the energy transition

June 6, 2019 (IEEFA U.S.) – Investors lost billions when the (once) most valuable company in the world, General Electric Company (GE) and its largest shareholders – BlackRock, Vanguard, State Street and Fidelity – misjudged the pace of the global energy transition and subsequent collapse of the gas turbine and thermal power construction market, a […]

More News and Commentary

Pattern Energy begins construction of 1,050MW wind project and transmission line in New Mexico

Renewables Now: Pattern Energy Group LP has finalised the financing and launched full construction of its over-1-GW Western Spirit suite of wind projects in New Mexico. Construction has also kicked off on the Western Spirit Transmission Line, which is owned by the New Mexico Renewable Energy Transmission Authority (RETA) and is being co-developed by Pattern […]

January 5, 2021 Read More →

Upgraded 14MW Haliade-X turbine tapped for third phase of Dogger Bank offshore wind farm

CNBC: General Electric’s renewable energy division has been chosen as the preferred turbine supplier for the third and final phase of an offshore wind farm that’s set to be the largest on the planet. According to an announcement from SSE Renewables on Friday, a 14 megawatt (MW) version of GE’s huge Haliade-X turbine will be […]

December 21, 2020 Read More →
IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
, and

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

and

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

GE to exit coal-fired power plant construction business

Reuters: General Electric Co said on Monday it plans to stop making coal-fired power plants, as the U.S. industrial conglomerate focuses more on renewable sources of power generation. The company said the exit from the business could include divestitures, site closings and job cuts, while it works with its customers to complete existing obligations. GE […]

September 22, 2020 Read More →

Upgraded 13MW GE Haliade-X turbine to be used at Dogger Bank offshore wind project

Renew Economy: Plans to build the world’s largest offshore wind farm using the world’s most powerful turbines have been taken up a notch after GE announced its newly upgraded 13MW Haliade-X units would be used for the 3.6GW Dogger Bank project in the UK. Dogger Bank is a 50:50 joint venture between Equinor and SSE […]

September 22, 2020 Read More →

GE, E-energija to build first subsidy-free wind farm in Lithuania

ReNews.biz: Eesti Energia has inked a power purchase agreement (PPA) with Lithuanian wind developer E-energija for all electricity produced by the 70MW Telaiai wind farm. The 10-year PPA ends in 2032.  The wind farm, located in the Tryskiai region of west Lithuania, will begin commercial operations in 2022 and will produce 235 gigawatt-hours of clean […]

August 19, 2020 Read More →

GE to build 500MW pumped hydro storage project at Australian renewable energy hub

Renew Economy: Global energy giant GE has signed an agreement to co-develop a proposed 500MW pumped hydro storage project at Dungowan Dam in the New England region of New South Wales state. Dungowan forms part of the massive 4,000MW renewables and storage hub being put together by Walcha Energy – in what would be the […]

July 13, 2020 Read More →

GE looks to 3D printing to build next generation of taller, less costly wind turbines

The Verge: GE announced today that it’s developing skyscraper-sized wind turbines with massive 3D-printed bases. The conglomerate plans to work with partners in the construction industry to produce both a printer and materials that could eventually be deployed around the world. Taller turbines can capitalize on stronger winds at higher altitudes, and the structures support […]

June 18, 2020 Read More →

Siemens Gamesa unveils 14MW offshore wind turbine, world’s largest

Bloomberg: Siemens Gamesa Renewable Energy SA, the Spanish wind turbine manufacturer, is to build what will be the world’s biggest windmill, by the thinnest of margins. The 14-megawatt machine with a rotor diameter of 222 meters (728 feet) will be just two meters bigger than General Electric Co’s own massive turbine. It’s another sign that […]

May 19, 2020 Read More →