IEEFA Research

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →

More News and Commentary

Iberdrola inks deal for potential 3.5GW of Philippines offshore wind Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. This alliance opens the opportunity for Iberdrola to enter a new […]

January 13, 2022 Read More →

ExxonMobil plans sale of Appalachian shale gas properties

Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]

January 12, 2022 Read More →

Projects across Galilee Basin fail to materialize as coal falls into disfavor

The Guardian: Queensland’s huge untapped Galilee coal basin was touted as a jobs and revenue bonanza by its supporters, with the potential to liberate hundreds of millions of tonnes of harmful greenhouse gases. The Galilee’s potential as a “carbon bomb” was wrapped up in a dozen or more coalmining projects and estimates of billions of […]

January 10, 2022 Read More →

Enel secures license to offer green retail power in Australia

Renew Economy: The Italian based Enel Group, the world’s large private renewable energy player, has secured its energy retail licence in Australia and plans to offer a unique “green-tailer” product in the local market, combining renewables, virtual power plants and an EV charging option for its customers. The push by Enel into the Australian energy […]

December 6, 2021 Read More →

Brazil economic minister warns Petrobras poses stranded asset risk

Reuters: Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras (PETR4.SA)should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty. Citing the ongoing processes to privatize state-run power company Eletrobras (ELET6.SA) and postal-service firm Correios, Guedes said the same […]

December 2, 2021 Read More →

New renewables installations expected to hit all-time high in 2021 This year is expected to set an all-time record for new renewable energy installations, according to an IEA report.  Despite rising costs for key materials used to make solar panels and wind turbines, additions of new renewable power capacity this year are forecast to rise to 290GW in 2021. IEA’s annual Renewables Market Report […]

December 1, 2021 Read More →

Acciona plans purchase of 850 megawatts of Brazil wind projects

Renewables Now ($): Spanish renewables developer Corporacion Acciona Energias Renovables SA (BME:ANE), doing business as Acciona Energia, has signed an agreement to acquire roughly 850 MW of wind projects in Brazil and thus enter the country’s renewable energy market. The energy company said on Monday that it has agreed to buy the Sento Se I […]

November 30, 2021 Read More →

Singapore offshore wind developer plans $10 billion farm off Irish coast

Bloomberg ($): A Singapore-based offshore wind developer has signed an agreement to build a huge $10 billion wind farm off the coast of Ireland to power a green hydrogen facility. Green hydrogen — produced by renewable electricity — is seen as a clean alternative to natural gas for industries such as steel and chemicals, with […]

November 23, 2021 Read More →

Brazil wind capacity hits 20 gigawatts, enough for 20 million people

Wind Power Monthly: Brazil brought nearly 50MW of new wind capacity online over the weekend, pushing the country over the 20GW mark of operational capacity, according to the country’s energy regulator, Aneel.  This delivers enough energy to meet the demands of more than 20 million people, the agency said.  Wind energy now represents the third […]

November 23, 2021 Read More →

Trillions of fossil assets potentially stranded, accounting battles loom

Wall Street Journal ($): At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in Wentzville, Mo. Just over a year later, GM said it would go all electric by 2035. Analysts are worried that some […]

November 22, 2021 Read More →