Europe

IEEFA Research

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure

Italian gas giant publicizes hydrogen commitment while spending shows business as usual

March 16, 2021 (IEEFA) — Even as it seeks to attract funding from sustainability-led lenders, Europe’s largest gas pipeline company continues to devote the vast majority of planned capital spending to unabated fossil gas infrastructure, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). Snam, the Milan-based gas transmission system […]

IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past

IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past

Economics, EU membership ambitions point to renewables as best path for country’s future electricity needs

October 29, 2020 (IEEFA) — Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending appetite to align better with a low-carbon European transition and reduce losses from stranded fossil fuel assets. According to a new report by the Institute for […]

Performanca e fortë e burimeve të ripërtëritshme dhe rënia e kostove mund të ndihmojnë Kosovën të shkëputet nga e kaluara e furnizuar me qymyr

Performanca e fortë e burimeve të ripërtëritshme dhe rënia e kostove mund të ndihmojnë Kosovën të shkëputet nga e kaluara e furnizuar me qymyr

Ekonomia, ambiciet për anëtarësim në BE drejtojnë nga burimet e ripërtëritshme si rruga më e mirë për nevojat e ardhshme të energjisë për vendin.

29 tetor 2020 (IEEFA) – Performanca e mirë nga fermat e para të erës dhe diellit në shkallë të gjerë në Kosovë tregon se vendi i Ballkanit Perëndimor i dominuar nga qymyri mund të shfrytëzojë rënien e kostove të ripërtëritshme dhe gatshmërinë për kredi të gjelbëra për tu lidhur më mirë me një tranzicion evropian […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →
IEEFA Europe: Recovered waste heat a cost-effective source of clean energy

IEEFA Europe: Recovered waste heat a cost-effective source of clean energy

Case studies in Poland confirm RWH alternative to coal plants and reduced investment risks

June 10, 2020  (IEEFA LONDON) ‒ Captured waste heat from local industry in southern Poland can compete with fossil fuel plants to supply affordable heating for local homes through district heating networks, providing cleaner air and attractive financial returns for investors, according to an IEEFA study published today.  IEEFA found that the main barrier to […]

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

IEEFA update: Tech giants’ investment in renewable power purchase agreements pays off in current climate

Corporates increasingly supporting necessary renewable energy investment

25 March 2020 (IEEFA Australia): A new IEEFA briefing note out today finds the largest tech giants have all committed to renewable energy targets and are increasingly taking up renewable power purchase agreements, a move putting them in good stead in the current climate. Author of the note Clark Butler says major technology companies that […]

IEEFA update: Global coal power set for record fall in 2019

Long-term decline of unabated thermal coal use becoming increasingly clear

November 25, 2019 (IEEFA) ‒ Coal-fired power used to make electricity is on track for record declines globally in 2019, finds a new briefing note out today by the Institute for Energy Economics and Financial Analysis (IEEFA), the Centre for Research on Energy and Clean Air (CREA) and Sandbag. The note, Global Coal Power Set […]

and November 25, 2019 Read More →

IEEFA update: Offshore wind emerging as viable new source of clean energy in Asia

Global offshore wind power capacity nearly doubled in last three years

October 22, 2019 (IEEFA Australia): Joining solar and onshore wind, offshore wind is gaining pace as the third go-to investment in the race to replace emissions-heavy fossil fuel imports with cheap sustainable domestic renewables around the world, finds a new IEEFA briefing note released today. Entitled Offshore Wind Ready to Be Key Part of Energy […]

IEEFA update: Poland’s PGE should ditch plans for new lignite mine

IEEFA update: Poland’s PGE should ditch plans for new lignite mine

Utility’s investment in coal poses financial, environmental and social risks

October 8, 2019 (WARSAW) ‒ PGE, Poland’s biggest electric utility, one of the most coal- and carbon-intensive energy companies in Europe, risks prolonging serious, recent financial under-performance, if it endorses a forthcoming strategy that continues to support coal, gas and a new lignite mine, delaying the replacement of fossil fuels with renewables, according to a […]

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Orsted, Danish pension fund plan massive offshore “energy island”

Reuters ($): Wind farm developer Orsted (ORSTED.CO) plans to submit a joint bid with Danish pension fund ATP to finance and build the world’s first energy island in the North Sea. The artificial island, which will produce and store enough green energy to cover the electricity needs of 3 million European households, was approved by […]

April 23, 2021 Read More →

EU labeling system rolled out as possible international standard

Bloomberg Green: The European Union’s new standards for classifying sustainable investment will change the way economies operate, divert cash flows and reverberate across the globe, the officials in charge of the new rulebook said. A labeling system unveiled on Wednesday is nothing short of a “re-engineering of the economy and re-engineering of the financial world,” […]

April 22, 2021 Read More →

Gauging ambition of U.S. climate goal depends on the starting point

New York Times ($): The United States officially has a new goal for fighting climate change over the next decade. So how ambitious is it? President Biden announced Thursday that America would aim to cut its greenhouse gas emissions 50 percent to 52 percent below 2005 levels by 2030. That’s one of the more aggressive […]

April 22, 2021 Read More →

Seven European countries end export finance for coal projects, boost renewable funding

Global Trade Review: Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate. Denmark, France, Germany, the Netherlands, Spain, Sweden and the UK announced a new alliance, the Export Finance for Future (E3F) coalition, following a virtual meeting […]

April 14, 2021 Read More →

Wind investment in Europe totaled €43 billion in 2020—trade group

ReNews.biz: Europe invested €43bn in new wind farms in 2020, the second highest annual amount on record and equal to 20GW of capacity, according to WindEurope. This is around 70% up on 2019, with €17bn for onshore wind, covering 13GW of new capacity and €26bn for offshore wind, covering 7GW of new capacity. Large projects […]

April 14, 2021 Read More →

Ireland to close its only coal plant, convert site to offshore wind hub

Silicon Republic: The [915 megawatt Moneypoint] coal-burning power plant in Co Clare will be transformed into a renewable energy site over the next decade. A 1,400MW floating offshore windfarm, a turbine construction hub and a hydrogen production facility are among the plans to transform ESB’s Moneypoint site into a green energy hub. Today (9 April) […]

April 9, 2021 Read More →

Czech utility CEZ to close remaining 600MW at coal-fired Detmarovice power plant

S&P Global Platts ($): Dominant Czech electricity producer CEZ a.s. will close all three remaining units of its coal-fired Detmarovice power plant, with a total capacity of 600 MW, by the end of the 2022-2023 heating season at the latest, the company said in a statement on April 6. The three units in the eastern […]

April 8, 2021 Read More →

IRENA: Record 260GW of renewable energy capacity added worldwide in 2020

ReNews.biz: A record of over 260GW of new renewable energy capacity was installed in 2020, despite the impact of Covid-19, according to new data from the International Renewable Energy Agency (IRENA). IRENA said in its ‘Renewable Capacity Statistics 2021’ report that new capacity in 2020 exceeded expansion in 2019 by close to 50%. More than […]

April 5, 2021 Read More →

Enel Green Power, Monsson Alma to build 1,000MW of wind, solar generation in Romania

Balkan Green Energy News: Renewable energy company Enel Green Power, part of the Enel Group, and Monsson Alma, a subsidiary of Monsson Group, have signed an agreement on the development of 500 MW of wind power and 500 MW of solar projects in Romania. The projects will be ready for construction in the next three […]

April 2, 2021 Read More →

Orsted proposes massive offshore wind, green hydrogen project in North Sea

Reuters: Denmark’s Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday. The wind farm would have capacity to produce 2 gigawatts of electricity and would power the 1-gigawatt hydrogen plant. The hydrogen facility would be able to produce […]

March 31, 2021 Read More →