IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

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Capital Dynamics, Tenaska to jointly develop 4.8GW of solar in U.S. Southeast, Midwest

Greentech Media: Capital Dynamics, the Swiss asset manager that is now a heavyweight solar investor, will partner with energy developer Tenaska on a 4.8-gigawatt solar portfolio in the Midwest and the Southeast, the companies announced Wednesday. The two will work together on developing 24 solar projects expected to come online by 2023, building on a […]

July 9, 2020 Read More →

S&P analysis sees more early retirements coming for U.S. coal-fired power plants

S&P Global Market Intelligence ($): Several power markets have reported a drop in electricity demand of 10% or more due to the stay-at-home orders of the COVID-19 pandemic and the associated economic recession. Furthermore, first quarter 2020 reports show coal usage and employment decreased significantly, and impacts are continuing into the second quarter. S&P Global […]

June 24, 2020 Read More →

Wisconsin’s Alliant Energy to spend $900 million buying 675MW of solar capacity

Greentech Media: Wisconsin utility Alliant Energy will spend $900 million buying 675 megawatts of utility-scale solar projects as it moves to replace uneconomic coal-fired plants with renewables. Alliant, which serves about 1 million customers in the Midwestern states of Wisconsin and Iowa, currently relies on renewables for about 20 percent of its generation capacity, largely […]

May 27, 2020 Read More →

Solar developers see profitable potential in coal-reliant Indiana

S&P Global Market Intelligence ($): Indiana’s Lake County is exploring changes to its land-use rules that could pave the way for the first truly large-scale solar farms in the state and some of the largest in the Midwest. The Lake County Council on April 14 approved a resolution for the county’s Plan Commission to consider […]

April 21, 2020 Read More →

Indiana utility proposes early closure for two units at Petersburg coal plant

Utility Dive: Indianapolis Power & Light’s 2019 integrated resource plan will propose the early retirement of 630 MW across two coal-fired units, the procurement of 200 MW of firm capacity and an increase in demand side management programs, the utility said Dec. 9. The plan would continue IPL’s shift away from coal, which made up […]

December 10, 2019 Read More →

Vistra CEO: Economics, renewables continue to press company’s coal plants

S&P Global Market Intelligence ($): Vistra Energy Corp. expects the continued addition of renewable resources as well as wholesale power market conditions to put economic pressure on less-efficient fossil-fueled power plants, including some of its own coal plants, in its largest markets, the Electric Reliability Council of Texas Inc. and PJM Interconnection. Vistra owns nearly […]

December 2, 2019 Read More →

Fitch: Solar capacity in U.S. could jump by 100 gigawatts by 2030

PV Magazine: Fitch Solutions Macro Research has released a report, Midwest U.S. Set To Experience Strong Growth In Solar Sector, which makes some very bold predictions about the future of the solar industry in America’s heartland. Chief among those bold predictions, Fitch states that it expects the region to contribute heavily to the 100 GW […]

October 14, 2019 Read More →

Vistra begins process of closing 2,000MW of coal capacity in Illinois

S&P Global Market Intelligence ($): Vistra Energy Corp. on Aug. 21 identified four coal-fired power plants in Illinois with a combined capacity of 2,000 MW that it will close by the end of this year to meet recently approved amendments to the state’s Multi-Pollutant Standard, or MPS, rule. The Illinois Pollution Control Board in June […]

August 22, 2019 Read More →

Temporary closing of Wisconsin coal plant likely saving money for Dairyland Power’s customers

La Crosse Tribune: Dairyland Power Cooperative took its coal-fired power plant in Genoa offline at the beginning of June to avoid fuel shortages caused by the lack of barges carrying coal up a flooded Mississippi River. Instead, the La Crosse-headquartered cooperative is purchasing electricity from the Midcontinent Independent System Operator Inc. market to make up […]

June 14, 2019 Read More →

Morningstar: Gas generation could top coal in Midcontinent power market this year

S&P Global Market Intelligence ($): Coal generation within the Midcontinent ISO is rapidly losing ground to natural gas power in early 2019, Morningstar Commodities Research power and gas associate Dan Grunwald wrote April 24. In April, coal and natural gas economics inverted in MISO, indicating that gas is set to overcome coal as the No. […]

April 26, 2019 Read More →