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IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

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Global wind group sees major growth opportunities across Africa

Thomson Reuters Foundation: Wind could power Africa’s energy demands 250 times over and create jobs lost in the move away from fossil fuels but the continent has only tapped into 0.01% of its potential, wind experts said on Thursday. Wind projects are growing fast, with 724MW of new capacity added in 2020, bringing the total […]

March 8, 2021 Read More →
IEEFA Australia: As our export partners pull out, Origin and Inpex keep kicking the gas can down the road

IEEFA Australia: As our export partners pull out, Origin and Inpex keep kicking the gas can down the road

Japan will cease to be a major buyer of Northern Territory gas

Ask anyone in business what the first rule of thumb is and they’ll tell you straight: you have to listen to what your customers want. Simple, right? But that’s exactly what two of the biggest names in the Northern Territory gas industry, Origin and Inpex, are failing to do. They’re pushing to open up huge […]

October 28, 2020 Read More →

Egypt in talks to export excess renewable energy to Europe, African neighbors

Bloomberg: Egypt has begun talks over plans to sell electricity to Europe and Africa, pressing its advantage as a producer of cheap renewable energy in a bid to become a regional export hub, the head of its sovereign wealth fund said. The nation, which has a surplus of electricity, sees unspecified “power-hungry” countries to the […]

September 9, 2020 Read More →

Egypt teams up with Vestas for 250MW wind farm in the Gulf of Suez

ReNews.biz: The government of Egypt has signed an agreement with Vestas and other European partners to develop a 250MW wind project located in the Gulf of Suez. The project’s investment cost will total €228m, to be financed through an umbrella agreement between the Arab Republic of Egypt, the French Development Agency, the EU, the European […]

August 20, 2020 Read More →

IEEFA: Renewable energy is making inroads across Africa

Chinese investments advance solar projects while saddling countries with costly and risky coal plants

May was a big month for solar power announcements in Africa. Algeria endorsed a huge 4GW, five-year solar plan that will install 10 times the nation’s solar power capacity for an investment of $3.2bn-$3.6bn. Further south, there were significant developments on either side of the Zambezi. Zimbabwe announced an invitation to bid for 500MW of […]

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power
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IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

IEEFA Asia: Chinese coal projects continue as existing power plants stand idle

Cancellation of huge BRI coal plant highlights overcapacity risk in Pakistan and Bangladesh

The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan Allam Construction. THE INDEFINITE POSTPONEMENT OF THE ENORMOUS BELT AND ROAD PROJECT, which would have […]

Egypt postpones $4.4 billion, 6GW coal plant, pushes renewables instead

Daily News Egypt: The Ministry of Electricity decided to postpone the construction of the Hamrawein coal-fired power plant with a consortium of China’s Shanghai Dongwei Electric Appliance Company and Egypt’s Hassan Allam Holding. A source close to the deal told Daily News Egypt the consortium has not been officially informed yet of the decision, but […]

April 7, 2020 Read More →

Analysts expect Middle East push for renewables to continue despite current uncertainties

MEED: The ongoing coronavirus crisis and low oil prices have made the region’s oil-exporting economies that have identified tourism, hospitality and logistics as key pillars of their economic diversification programmes especially vulnerable. The interlocking crisis could also affect the region’s nascent renewable energy programmes. Up to 90GW of renewable energy capacity, mainly solar and wind […]

March 27, 2020 Read More →

Interest in wind energy picking up across Africa

Quartz: The stats tell a grim story: Africa is the world’s least electrified continent and its electrification rate is growing slower than anywhere else. To shore up the deficit as national grids lacking lack capacity and efficiency to power homes, solar power has often been deployed as a viable alternative—despite bureaucratic skepticism. Yet there’s evidence […]

February 18, 2020 Read More →