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IEEFA Research

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

IEEFA India: Grid, storage, policy, and regulation: Areas of new focus to meet India’s ambitious renewable energy targets

Variable renewable energy is the least cost source of new Indian electricity capacity. The challenge is now on grid integration, and the need to leverage the lessons of other transition leaders.

5 September 2019 (IEEFA India): Finding the right pricing signals to drive technology adoption to solve the integration of an ever increasing share of variable renewable energy into India’s grid is becoming a central new challenge for policy makers and regulators, critical to enabling the ongoing transition away from coal to meet India’s ambitious renewable […]

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

and February 15, 2018 Read More →

More News and Commentary

Barely 10% of $17 trillion in COVID stimulus spent on green projects

The Guardian: Trillions of dollars poured into rescuing economies around the world from the Covid-19 crisis have been spent in ways that worsen the climate crisis and harm nature because governments have failed to fulfil promises of a “green recovery” from the pandemic. Only about a tenth of the $17tn in bailouts provided by governments […]

July 20, 2021 Read More →

Greenland cites climate risk in dropping future oil exploration

Bloomberg ($): Greenland has decided to drop all future exploration for oil as the government responds to environmental concerns, according to Danish media. Naalakkersuisut, as the island’s government is called, “has decided that the environmental consequences of oil exploration and production are too great,” Naaja, H. Nathanielsen, minister for commodities, said, according to ING.dk. Greenland’s […]

July 16, 2021 Read More →

Vestas set to build world’s largest turbine for German offshore project

Reuters: Vestas (VWS.CO) said on Friday that EnBW (EBKG.DE) had picked its new turbine, which will be the world’s biggest, as the preferred option for the 900 MW He Dreiht project in the German North Sea, which will be operated without subsidies. Colossal turbines, which will dwarf many skyscrapers, are key for the offshore wind […]

July 12, 2021 Read More →

Orsted bids for second Maryland offshore wind project

Maryland Matters: The Danish offshore wind developer Ørsted announced Wednesday that it has submitted a bid to generate up to 760 megawatts of power with a proposed second offshore wind project off the coast of Maryland.  The project, called Skipjack Wind 2, is in response to the Maryland Public Service Commission’s call for proposals for […]

July 9, 2021 Read More →

White House opens review of nation’s largest proposed wind farm

S&P Global Market Intelligence ($): The Biden administration on July 1 announced it opened a review of a proposed offshore wind project, Dominion Energy Inc.’s 2,640-MW Virginia Beach Offshore Wind Project (Coastal Virginia Offshore Wind). It is the fifth offshore wind project the administration has committed to reviewing since January, part of a surge of […]

July 2, 2021 Read More →

Board gives nod to massive wind farms to power more than 1 million N.J. homes

Bloomberg ($): New Jersey regulators approved two massive wind farms in the Atlantic Ocean that together will power more than 1 million homes, calling it an unprecedented step toward its climate goals. The Board of Public Utilities awarded a combined 2.7 gigawatts of capacity to Orsted’s Ocean Wind II project and the Atlantic Shores Offshore […]

July 1, 2021 Read More →

Novatek-led venture mulls wind power for gas-fired Siberian plant

Upstream Online: Novatek-led liquefied natural gas producer Yamal LNG is considering adding a wind power plant to its existing gas-fired generation facilities in Russia as it aims to drive down its carbon emissions. The existing generation facilities already provide electric power and heat to the operator’s flagship LNG plant near the port of Sabetta in […]

June 30, 2021 Read More →

Loophole allows North Sea projects to avoid climate impact checks

The Guardian: Prospective oil projects in the North Sea with the capacity to produce more than a billion barrels will avoid a new test designed to assess their impact on the climate crisis, the Observer has learned. In a development that has angered environmental campaigners, it has emerged that proposed new developments representing some 1.7bn […]

June 28, 2021 Read More →

PSEG speeds up net-zero goal by 20 years to reach target by 2030

Reuters: Diversified New Jersey power and gas company Public Service Enterprise Group Inc (PEG.N) said Thursday it has accelerated its net-zero greenhouse gas ambitions to 2030 from 2050. The new target from the group, whose assets include New Jersey’s largest gas and electric utility, is one of the most aggressive net-zero goals set by any […]

June 25, 2021 Read More →
IEEFA: Repowering India’s top wind sites could add 30 gigawatts of capacity

IEEFA: Repowering India’s top wind sites could add 30 gigawatts of capacity

Older turbines could be replaced to boost wind power generation and reach renewable energy targets

India’s wind power sector is ailing. Wind capacity commissioning has been moving at a snail’s place in the last four years with less than 2 gigawatts (GW) of annual capacity additions. This is significantly off-track from the 11-12GW needed annually to reach the target of 140GW of wind power capacity by 2030, to drive the […]

June 22, 2021 Read More →