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IEEFA Research

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

Financial concerns are likely to affect other PJM gas projects still in the planning phase

November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

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 […]

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley

Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]

More News and Commentary

U.S. on pace to add record 9 gigawatts of battery storage in 2022

Wall Street Journal ($): Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. The U.S., which had less than a gigawatt of large battery installations in 2020—roughly enough to power 350,000 homes for a […]

December 22, 2021 Read More →

Maryland, Massachusetts give OK to four new offshore wind projects

offshoreWIND.biz: The US States of Maryland and Massachusetts have selected a total of four new offshore wind projects in their latest solicitation rounds, enabling the addition of more than 3.2 GW of new offshore wind capacity in the country that set its 2030 target to 30 GW at the beginning of this year. On 17 […]

December 20, 2021 Read More →

Wastewater treatment rules forcing coal-fired plant closures in U.S.

Associated Press: Climate change isn’t what’s driving some U.S. coal-fired power plants to shut down. It’s the expense of stricter pollution controls on their wastewater. Dozens of plants nationwide plan to stop burning coal this decade to comply with more stringent federal wastewater guidelines, according to state regulatory filings, as the industry continues moving away […]

November 24, 2021 Read More →
IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics
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IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

Financial concerns are likely to affect other PJM gas projects still in the planning phase

November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]

Report: Offshore wind supply chain worth $109 billion over decade

Associated Press: A group studying the economics of offshore wind energy in the U.S. says building and operating the nascent industry will be worth $109 billion to businesses in its supply chain over the next 10 years. The report by the Special Initiative on Offshore Wind comes as states on both coasts and the Gulf […]

October 12, 2021 Read More →

Colstrip operator Talen falls $4 billion into debt, bonds downgraded

Billings Gazette: Talen Energy, which operates Colstrip Power Plant, is $4 billion in debt and facing negotiations with creditors as its bonds are downgraded to a substantial fundamental credit risk. What the company’s financial troubles mean for its Colstrip future remains to be seen. As the majority of the owners in the southeast Montana power […]

September 3, 2021 Read More →

Private equity-backed firm files plan for massive Maryland wind farm

Bloomberg ($): US Wind Inc. has submitted a bid to Maryland regulators to build a massive wind farm off the state’s shoreline, the latest proposal for such projects off the East Coast and a potential step closer to the Biden administration’s goal of eliminating carbon emissions from power plants. The Momentum Wind farm would include […]

August 4, 2021 Read More →

New Jersey scraps local control of transmission line placement

E&E News ($): New Jersey Gov. Phil Murphy signed a law yesterday stripping local communities of authority over placement of transmission lines, removing a chief obstacle for offshore wind in the state. The move, while focused on just one state, highlights national tensions cropping up over a planned acceleration of renewable energy projects that some […]

July 27, 2021 Read More →

Orsted bids for second Maryland offshore wind project

Maryland Matters: The Danish offshore wind developer Ørsted announced Wednesday that it has submitted a bid to generate up to 760 megawatts of power with a proposed second offshore wind project off the coast of Maryland.  The project, called Skipjack Wind 2, is in response to the Maryland Public Service Commission’s call for proposals for […]

July 9, 2021 Read More →

White House plans offshore wind leases in New York and New Jersey

New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]

June 14, 2021 Read More →