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IEEFA
The Guardian: BHP will slash its valuation of its Mount Arthur coalmine in New South Wales by at least $1.5bn after a dramatic fall in the price of thermal coal, which is burned to produce electricity. The move will wipe out most of the book value of the Hunter Valley mine, leaving it worth between […]
Press Release and Bruce Robertson
Pakistan and Bangladesh have already cancelled tenders for LNG imports
14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
IEEFA
Reuters: Japanese trading house Itochu Corp said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu’s statement was the first confirmation from the company that it would completely withdraw from thermal coal business. It had […]
Johanna Bowyer
ESB reform direction updated to incorporate stakeholder feedback and state government renewables investment schemes
The national electricity market (NEM) is in a state of flux. According to the Australian government’s Energy Security Board (ESB), over 60% of existing thermal generating resources (mainly coal) in the NEM are likely to exit over the next two decades as Australia transitions towards renewable generation (mainly wind and solar) and storage. This transition […]
IEEFA
Renew Economy: Australia’s rooftop solar market has defied a challenging 2020 to set a number of new installation records, with the market overcoming disruptions to grow by a massive 39 per cent year-on-year, new analysis from consultancy SunWiz has detailed. In its latest annual assessment of the rooftop solar market, SunWiz found that the industry […]
IEEFA
Renew Economy: The race for Australia’s largest big battery is heating up, with Origin Energy unveiling plans for a massive 700MW big battery to be located at the company’s Eraring power station in the New South Wales Hunter region. Origin Energy’s plans for the big battery would include up to four hours of dispatchable power, […]
IEEFA
Renew Economy: Australia’s largest battery storage project could be built just outside of Sydney, with planning documents revealing the plans of renewable energy developer Neoen kick-starting the planning process for a 500MW/1,000MWh big battery in New South Wales. Neoen submitted a scoping study for the project with the NSW Department of Planning, Industry and Environment […]
IEEFA
Bloomberg: Australia is studying plans to transform a disused underground coal mine into a pumped hydro facility, part of a wider effort to reuse retiring fossil fuel sites for renewable energy generation. The A$13 million ($9.9 million) pilot trial at the Newstan Colliery, in Fassifern, about 140 kilometers (87 miles) northeast of Sydney, could offer […]
Tim Buckley
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]
Bruce Robertson
Federal Government’s $50 million handout to Northern Territory gas industry a shocking waste of taxpayer dollars
The Federal government’s $50 million handout to the Northern Territory’s failing gas industry to fast-track exploration in the Beetaloo Basin is a waste of taxpayer money that will bring zero return. The gas industry is not even investing itself, so why would the Federal Government? Gas companies have been cutting production and sacking workers. Stimulating […]
IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam
Pakistan and Bangladesh have already cancelled tenders for LNG imports14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]