Asia

IEEFA Research

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: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic

IEEFA: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic

Deploying new small-scale LNG is an uphill battle for PGN

26 August (IEEFA Indonesia): Indonesian gas is currently in a precarious position, where the government needs to find new domestic demand to absorb surplus gas coming into the market amidst expiring export contracts. According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) new report, small-scale liquefied natural gas (ssLNG) has been re-proposed in […]

IEEFA: EVN delivers strong 2020 financial performance by optimizing Vietnam’s dynamic generation mix

IEEFA: EVN delivers strong 2020 financial performance by optimizing Vietnam’s dynamic generation mix

Further spending needed on grid infrastructure

29 July 2021 (IEEFA Vietnam): Vietnam’s state utility Electricity of Vietnam (EVN) came through 2020 in surprisingly good financial health compared to many Southeast Asian peers, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA), which analyzed EVN’s recently released 2020 financial statements. “In a year when most regional […]

and July 30, 2021 Read More →
IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

IEEFA: Uncertainty surrounds U.S. liquefied natural gas export projects in emerging Asia

Significant market risks and shifting U.S. policies could undermine LNG project ambitions in the region

July 8, 2021 (IEEFA) ⎼ Potential trade and climate policy shifts in the U.S. are raising questions about the viability of several ambitious liquefied natural gas (LNG) projects planned for emerging Asian markets, according to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA). New LNG import project sponsors in the […]

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

Indonesia on the right emissions reduction pathway but same old coal stories persist

25 June (IEEFA Indonesia):  Recent announcements by Indonesia’s state-owned utility company Perusahaan Listrik Negara (PLN) to achieve carbon neutrality by 2060 must be met with caution and scrutinized as the numbers don’t stack up, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report’s authors IEEFA energy finance […]

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

IEEFA: Nuclear power euphoria in Indonesia is all smoke and mirrors with no current technical, financial or market viability

IEEFA: Nuclear power euphoria in Indonesia is all smoke and mirrors with no current technical, financial or market viability

Renewables should be the focus of Indonesia’s net-zero pledge

2 June 2021 (IEEFA Indonesia):  In growing energy markets like Indonesia, decision makers are facing a barrage of pro-nuclear media coverage as the nuclear industry floods the market with panels and webinars focused on the potential of nuclear power. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) highlights that while […]

IEEFA: Vietnam’s PDP8 delay is an opportunity to unlock more cost-effective renewable energy

IEEFA: Vietnam’s PDP8 delay is an opportunity to unlock more cost-effective renewable energy

The key is to refine new strategies and improve market structures

13 May (IEEFA Vietnam):  Vietnam’s Power Development Master Plan for 2021-2030 with a vision to 2045 (PDP8), was expected to be signed off at the end of March during the last days of Prime Minister Nguyen Xuan Phuc’s administration, but it hit an unexpected delay. Rather than being a setback, however, this delay can be […]

IEEFA: LNG-to-power investors in the Philippines risk exposure to $14 billion in stranded assets

IEEFA: LNG-to-power investors in the Philippines risk exposure to $14 billion in stranded assets

High regulatory and financial uncertainty in the Philippines market

5 May 2021 (IEEFA Philippines):  The race to develop liquified natural gas (LNG) facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Officials in the Philippines have […]

More News and Commentary

Masdar inaugurates 100-megawatt solar farm in Uzbekistan

ReNews.biz: Masdar has inaugurated the 100MW Nur Navoi solar farm in Uzbekistan, the country’s first utility-scale PV development. The project is also the first successfully-financed independent power producer (IPP) solar farm in the country. Once fully operational, the plant will produce enough power for 31,000 households and displace around 150,000 tonnes of CO2 each year. […]

August 31, 2021 Read More →

Work completed on first off-grid hybrid solar plant in Russian Arctic

PV Tech: Russian module and cell manufacturer Hevel Solar has constructed a 2.6MW off-grid solar-plus-diesel project in the Chukotka autonomous region on the east coast of Russia, which the company said is the first of its kind in the Russian Arctic zone. Completed through Hevel’s energy service business, the project is made up of two […]

August 31, 2021 Read More →

Sinopec plans $4.6 billion in hydrogen spending by 2025

Reuters: China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company […]

August 30, 2021 Read More →

World’s largest solar and battery storage project to expand

Renew Economy: Sun Cable, the world’s biggest solar PV and battery storage project, is about to get a lot bigger after the company crunched the numbers on scale and technology costs, and decided that bigger is even better. The Sun Cable project, backed by billionaires Mike Cannon-Brookes and Andrew Forrest – started out as a […]

August 30, 2021 Read More →
IEEFA: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic
and

IEEFA: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic

Deploying new small-scale LNG is an uphill battle for PGN

26 August (IEEFA Indonesia): Indonesian gas is currently in a precarious position, where the government needs to find new domestic demand to absorb surplus gas coming into the market amidst expiring export contracts. According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) new report, small-scale liquefied natural gas (ssLNG) has been re-proposed in […]

China passes Germany as planet’s second-largest offshore wind market

ReNews.biz: China has overtaken Germany as the world’s second largest offshore wind market behind the UK with 7.9GW of operational capacity, according to a new Global Offshore Wind report. World Forum Offshore Wind’s first half-year report for 2021 shows global offshore wind installations reached 34,137MW by the end of June. This demonstrates a slowdown in […]

August 26, 2021 Read More →

China provinces plan to add 100 gigawatts of coal-fired capacity

Reuters: China’s provinces are still planning to launch more than 100 gigawatts (GW) of new coal-fired power capacity despite a decline in new approvals in the first half of 2021, environmental group Greenpeace said on Wednesday. Local planning agencies approved 24 new coal-fired power plants with a total capacity of 5.2 GW in the first […]

August 25, 2021 Read More →

Energy status quo could cost Southeast Asia $28 trillion by 2070

Bloomberg ($): Southeast Asia stands to reap $12.5 trillion in economic gains by 2070 if it takes urgent moves to slow climate change, while inaction could yield losses more than double that size, according to the Deloitte Economics Institute. The region’s gross domestic product could grow by an average of 3.5% per year over the […]

August 24, 2021 Read More →

India developer to build 3.5-gigawatt green hydrogen plant in Oman

PV Tech: Indian solar developer ACME Group has signed a deal to advance a green hydrogen project in Oman which will be powered by 3GW of solar. Acme has signed a land agreement with the government of Oman to establish a green hydrogen and ammonia facility in the country, which the company claims will be […]

August 24, 2021 Read More →

Japan’s biggest power generator sells stake in Indonesia coal operator

Reuters: Japan’s biggest power generator JERA said on Friday it had sold its 14% stake in Indonesia’s PT Paiton Energy, which operates coal power plants, to a unit of energy company PT Medco Daya Abadi Lestari for an undisclosed sum. The move comes as companies worldwide step up their efforts to offload coal-related assets amid […]

August 20, 2021 Read More →