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Press Release and Bruce Robertson
Pakistan and Bangladesh have already cancelled tenders for LNG imports
14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
IEEFA
Reuters: Japanese trading house Itochu Corp said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu’s statement was the first confirmation from the company that it would completely withdraw from thermal coal business. It had […]
IEEFA
Recharge: Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, which will more than double between 2020 and 2029 to a capacity exceeding 1,500GW, Fitch Solutions forecast. As markets recover gradually, the analyst sees an acceleration of growth over the coming […]
Tim Buckley
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]
IEEFA
PV Tech: Japanese solar developer Pacifico Energy has started building a 77MW solar power plant in Hyogo Prefecture. Pacifico has hired construction company Sharp Energy Solutions to build the plant on the site of a former golf course, which is expected to come online in 2023. Once complete, it will generate around 93 million kWhs […]
Press Release, Karl Cates and Seth Feaster
Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces
December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]
Tim Buckley
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds
The decision by China’s National Development and Reform Commission to formally and indefinitely block Australian coal imports is a key threat to Australia’s political and economic wellbeing. Australia can never expect to win a trade war with its biggest export partner, and it is sheer political and economic suicide to try to do so. But […]
IEEFA
Bloomberg: Japan will aim to more than quadruple offshore wind generation capacity in the decade to 2040 under plans to meet its mid-century emissions reduction target. The government will seek to lift offshore wind capacity to as much as 45 gigawatts in 2040 from 10 gigawatts in 2030, the Ministry of Economy, Trade and Industry […]
IEEFA
Reuters: Japan will aim to make hydrogen a power source viable enough to produce the output of more than 30 nuclear reactors by 2030, the Nikkei newspaper reported on Tuesday. To achieve that goal in its bid to reduce carbon emissions Japan will have to make a technology now in its infancy commercially viable at […]
Press Release and Norman Waite
Investing in gas-fired power plant development faces substantial climate risk
2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]
IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam
Pakistan and Bangladesh have already cancelled tenders for LNG imports14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]