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

Rise in renewable generation pushed coal output down in 2020—Ember Electricity generated by new wind and solar in 2020 helped to force a record fall in global coal power, according to analysis from think tank Ember. Ember’s new report found this was only possible because the pandemic paused the world’s rising demand for electricity. Since 2015, rising electricity demand has outpaced growth in clean […]

March 29, 2021 Read More →

Statkraft begins construction of 519MW wind farm in Brazil

Renewables Now: Norwegian state-owned energy company Statkraft AS has commenced construction work on the 519-MW Ventos de Santa Eugenia wind complex in Brazil. The company plans to invest roughly BRL 2.5 billion (USD 434.3m/EUR 367.3m) in the project. The complex will feature 14 wind farms formed by a total 91 turbines of 5.7 MW each […]

March 29, 2021 Read More →

Engie to close its remaining coal plants by 2027

S&P Global Market Intelligence ($): Engie SA will close its last coal plants in Europe, Africa and Latin America by 2027, part of the company’s ongoing quest to simplify its business and put a stronger focus on renewable energy. The French utility’s new CEO, Catherine MacGregor, said Feb. 26 that Engie would get rid of […]

February 26, 2021 Read More →

Norway’s Equinor, Scatec team up to build 480MW solar project in Brazil

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 […]

December 10, 2020 Read More →

Global offshore wind pipeline nearing 200GW—RenewableUK

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 […]

October 29, 2020 Read More →

Norway’s Statkraft set to begin construction on South America’s largest wind farm

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 […]

October 13, 2020 Read More →

Norway’s Statkraft to build 519MW wind farm in Brazil

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 […]

September 30, 2020 Read More →

IEEFA update: The outlook for thermal coal in Southeast Asia and South Asia

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 […]

Saudi solar solicitation attracts ultra-low bids, with prices at $0.016/kWh

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, […]

April 7, 2020 Read More →

Global coal generation fell by a record amount in 2019, while COVID-19 may cause bigger fall in 2020

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 […]