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IEEFA
PV Tech: Norwegian energy firms Equinor and Scatec are to collaborate on a 480MW solar project in Brazil. The duo have signed a Memorandum of Understanding (MoU) with compatriot energy and aluminium provider Hydro to develop the project, with Hydro set to become an offtaker for some of the solar farm’s production. The MoU will […]
IEEFA
BusinessGreen: The total pipeline of offshore wind projects worldwide has surged 47 per cent since January, signaling continued rapid growth for the sector as it weathers global supply chain disruptions and economic turbulence wrought by the coronavirus pandemic, according to RenewableUK. The latest edition of the UK trade association’s Offshore Wind Project Intelligence report today […]
IEEFA
S&P Global Market Intelligence ($): Statkraft AS is preparing to start work on a 519-MW wind project in northeastern Brazil, after signing a turbine supply contract with Nordex SE. The Ventos de Santa Eugenia wind project will consist of 10 wind farms with a total of 91 turbines in the state of Bahia. It is […]
IEEFA
Renewables Now: Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil. Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set […]
Tim Buckley
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]
IEEFA
PVTech: Some of the world’s top green energy players have tabled ultra-low bids under the second round of Saudi Arabia’s renewable energy programme, set to contract 1.47GW all in all. The kingdom’s Renewable Energy Project Development Office (REPDO) recently identified the firms and consortia shortlisted to develop a slew of solar projects across the country, […]
Guest Commentary: Dave Jones
Short- and long-term impacts of pandemic on electricity markets are still unclear
In the coming months, governments around the globe will pump trillions in public spending to try to stimulate economic recovery. How this money is used will mean the difference between seeing a big rebound in CO2 emissions, or setting the world on a more sustainable pathway through investing in renewables and low-carbon alternatives. A new […]
IEEFA
Mining Journal: The annual Coal Report compiled by the US Energy Information Administration has flagged a 20% drop in domestic coal exports in 2019. Steam and metallurgical coal exports fell to 93 million short tons as steam coal exports suffered under the ongoing downturn in global coal demand, dropping 30% year-on-year in 2019, while metallurgical […]
IEEFA
PV Tech: Atlas Renewable Energy has signed an R$881 million (US$190 million), 15-year solar power purchase agreement (PPA) with the Brazilian arm of mining giant Anglo American. The deal will support the development of a 330MW PV plant in Pirapora Municipality in the southeastern state of Minas Gerais. The 613GWh-per-year deal – which is set […]
Seth Feaster and Karl Cates
Foreign thermal and metallurgical markets, fickle by nature, don’t account for much to begin with
Data published last week by S&P Global Market Intelligence shows U.S. coal exports fell by 28.1% in the fourth quarter of 2019 compared to the fourth quarter of 2018. That headline number was underscored by an S&P estimate that exports from the Illinois Basin (Illinois, Indiana and western Kentucky) had fallen by 58.7% year-over-year, a […]
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 MoneyHere, 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 […]