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

Rystad: Offshore Europe, wind investment likely to top oil and gas spending by 2022

Recharge: Capital investment in sea-based wind power off Europe will match offshore oil & gas in the next year and eclipse it in 2022, according to new calculations from consultancy Rystad Energy, as the collapse in global crude markets takes its toll on supermajor’s project development ambitions. Annual spending levels on offshore wind in the […]

June 8, 2020 Read More →

Ørsted-led consortium moving forward with offshore wind-powered green hydrogen project

Renewables Now: Danish pure-play renewables company Ørsted A/S on Tuesday announced a partnership with local firms on a sustainable fuel project to be powered by offshore wind energy. The company’s partners include Copenhagen Airports, shipping company AP Moller – Maersk, transport and logistics company DSV Panalpina, shipping and logistics company DFDS and Scandinavian Airlines (SAS). […]

May 27, 2020 Read More →

Denmark moving ahead with plans for 4GW of wind capacity on offshore ‘energy islands’

Recharge: Denmark confirmed plans to build two ‘energy islands’ populated by wind turbines that would add 4GW to its renewable power capacity by 2030. The islands – one artificial structure in the North Sea and the natural island of Bornholm in the Baltic – would represent a “paradigm” shift away from individual wind farms, said […]

May 21, 2020 Read More →

Spain’s Iberdrola targets Denmark’s Ørsted for top spot in U.S. offshore wind market

Greentech Media: Spanish utility group Iberdrola wants to be the biggest player in the U.S. offshore wind market, but it will need to go through early market front-runner Ørsted to get there. Iberdrola, among the world’s largest wind power generators, plans to steamroll its way through the coronavirus crisis, with CEO Ignacio Galán announcing plans […]

April 15, 2020 Read More →

Price crash makes renewable developer Ørsted most valuable Nordic company, topping oil-driven Equinor

Reuters: The oil price crash has led to Danish offshore wind developer Ørsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor slid nearly 18% on Monday as crude prices plunged 25% after top producers Saudi Arabia […]

March 11, 2020 Read More →
IEEFA: Nordic region leading by example since 2013

IEEFA: Nordic region leading by example since 2013

Pace of Nordic institutions announcing coal exits has become a stampede

25 February 2020 (IEEFA Global): The Nordic region is leading the world when it comes to divesting from thermal coal finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). To date, 126 globally significant financial banks, insurers and asset managers/owners* have announced their exit from coal financing to reduce carbon […]

and February 24, 2020 Read More →

Global offshore wind capacity topped 27GW in 2019; much more is on the way

Recharge: Global offshore wind power expanded at a record rate in 2019, with new capacity brought into operation taking the worldwide fleet to over 27GW by year-end, according to latest figures from World Forum Offshore Wind (WFO). The 5.2GW build-out, a 24% increase on 2018, saw 16 projects move into production off the UK, China, […]

February 20, 2020 Read More →

Europe added record 3.6GW of offshore wind capacity in 2019, trade group says A record volume of new offshore wind capacity was installed in Europe in 2019, according to research by trade body WindEurope. WindEurope said 3.6GW was built offshore last year, with 10 new wind farms coming online across five countries. The UK accounted for nearly half of the new capacity with 1.7GW, followed by Germany […]

February 6, 2020 Read More →

Global growth pushes profits at offshore wind major Ørsted, beyond forecasts

Recharge: Profits at Ørsted rose last year as the Danish offshore wind champion ramped up new wind farms both on land as well as at sea. “2019 was a great year for Ørsted with continued strategic progress and global expansion. We achieved a very satisfactory operating profit (Ebitda), and the green share of our heat […]

January 31, 2020 Read More →

Vestas announces 2030 carbon-neutral goal

Recharge: Wind group Vestas unveiled a target to become carbon-neutral by 2030 at the start of a sustainability push that it said will also set ambitious goals for its supply chain. Vestas – the world’s largest supplier of wind turbines – is targeting a 55% cut in CO2 from its footprint by 2025, hitting 100% […]

January 6, 2020 Read More →