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France’s EDF to close 580MW Havre coal plant in early 2021

Reuters: France’s 580 megawatt (MW) Havre coal power plant will close on April 1, 2021, the energy ministry said on Friday. The closure is part of the government’s plan to phase out its remaining 3,000 MW of coal generation capacity by the end of 2022 to meet its target of curbing carbon emissions from the […]

January 13, 2020 Read More →

Draft law would begin German hard coal phaseout in 2020

Platts: Germany plans to close 4 GW of hard coal-fired plants via a first annual compensation auction in June 2020, an energy ministry spokeswoman told S&P Global Platts Tuesday. Compensation for closures is to be awarded to bidders offering the lowest cost of avoided CO2 emissions with winning plants set to close after winter 2020/21. […]

November 13, 2019 Read More →

Gas, carbon prices putting the squeeze on European coal generation

S&P Global Market Intelligence ($): Policymakers across Europe have been scratching their heads about how to speed up coal plant retirements to slow global warming while not wrecking their power grids. But if the economics for electricity generation so far this year are any indicator, they need not worry. Many of the region’s largest coal […]

August 20, 2019 Read More →

RWE, German government moving forward with coal plant closure plans

S&P Global Market Intelligence ($): The German government is in advanced talks with utility RWE AG over the schedule and compensation for switching off some of the company’s lignite-fired power plants over the next few years, part of a plan to entirely phase out coal-fired electricity production in Europe’s largest economy by 2038. In an […]

July 5, 2019 Read More →

IEEFA update: European utilities at risk from Credit Agricole’s new 2030 coal exit stance

Bank joins growing list of major investors fleeing coal sector

June 7, 2019 (LONDON) – Paris-based Credit Agricole has become one of the first banks to join a growing investor coalition demanding that electric utilities exit coal generation by 2030, underscoring the urgency for strategic change at major energy companies across Europe and other OECD countries. Credit Agricole Group includes banking and asset management activities, […]

June 7, 2019 Read More →

German company moves forward with green methane project

Ars Technica: A Düsseldorf, Germany-based energy company called Uniper announced last week that it sent methane made from renewable hydrogen into the local natural gas pipeline. The methanation plant in Falkenhagen that made the synthetic methane opened in May 2018, and the plant’s operators began testing the process to combine renewable hydrogen with carbon dioxide […]

April 5, 2019 Read More →
IEEFA update: RWE, Uniper risk prolonging Dutch coal mistakes via compensation strategy

IEEFA update: RWE, Uniper risk prolonging Dutch coal mistakes via compensation strategy

Taxpayers and shareholders need to push back on accumulating costs

LONDON – The owners of three new Dutch coal power plants in the Netherlands are nursing around €4 billion in losses, as a result of market headwinds and a mandated coal phaseout, but only one, Engie, has decided to exit coal power in the country, as the remaining two, RWE and Uniper, hold out for […]

March 22, 2019 Read More →

German Utility Looks to Turn Excess Wind Into Clean Methane

Reuters: German utility Uniper launched a pilot scheme at its Falkenhagen site on Wednesday to produce methane gas from wind power as the country seeks wider uses for renewable energy. The Falkenhagen plant, set up five years ago in Germany’s wind-swept Brandenburg state, already produces green hydrogen by running wind power through water to split […]

May 10, 2018 Read More →

IEEFA Update: Netherlands, in New Program to Close All Coal-Fired Generation by 2030, Sends European Energy Markets a Sharp Signal

Phase-out Plans Combined With the Rise of Renewables and the Impact of Improved Efficiency Put Old Electricity-Production Models at Risk

In announcing plans to shut all coal-fired power plants by 2030,  the new government of the Netherlands sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe. The Dutch statement is especially significant given that the Netherlands itself has only recently commissioned three of Europe’s newest coal-fired […]

October 10, 2017 Read More →