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IEEFA Research

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

Orsted transitioned from a coal intensive utility to a global renewable energy leader creating immense shareholder wealth

17 September 2021 (IEEFA India): Orsted, the once Danish state-owned utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive […]

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

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 →

UK offshore wind could lead it to become net power exporter to Europe

Bloomberg ($): Britain could become a net exporter of electricity to Europe as soon as 2026, according to S&P Global Platts. The U.K. imports about 7% of its electricity from Europe now, but that’s set to reverse, in part due to new cables that will boost links with the continent. With Britain aiming to quadruple […]

June 4, 2021 Read More →

Orsted plans investment push to become leading green supermajor

Reuters: Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the […]

June 2, 2021 Read More →

“Key technological breakthrough” in recyclable wind turbine blades

E&E News: One of the world’s largest wind turbine manufacturers said yesterday it has made a “key technological breakthrough” that would allow it to stop sending old turbine blades to landfills — an issue cited by experts as a growing concern for the industry. Vestas Wind Systems A/S, ranked last year as the biggest global […]

May 19, 2021 Read More →

Zephyr plans 1GW wind farm in waters between Denmark, Sweden

offshoreWIND: Sweden-based Zephyr Vind, a wholly owned subsidiary of the Norwegian company Zephyr, has announced plans to build a large-scale offshore wind farm in Sweden, which would use both floating and fixed-bottom foundations. The company has proposed two preliminary project designs: one with 61 wind turbines with a 20+ MW capacity each, and one with […]

May 17, 2021 Read More →

Leaked EC plans show commission plans to push states for more renewables

OilPrice.com: The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a leaked draft of an official document revealed by Euractiv on May 4th. Brussels wants to upgrade its current 32% renewable energy target for 2030 to at […]

May 10, 2021 Read More →

First large-scale U.S. offshore wind farm could open by 2023

S&P Global Market Intelligence ($): Avangrid Inc.’s 800-MW Vineyard Offshore Wind Project appears on track to become the first large-scale U.S. offshore wind farm to enter service, with the developer expecting a final investment decision in the second half of 2021 and production of electricity to begin in 2023, executives said May 4. Avangrid’s 23-GW […]

May 7, 2021 Read More →