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IEEFA Research

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 Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

IEEFA Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

More Headwinds for Major Utilities; New Limits Affect 108 Plants; Implications for Investors, With Gas and Renewables Emerging as Preferred Power-Generation Fuels

May 8, 2017 (IEEFA.org) — More than 100 separate power plants—representing one-third of Europe’s large-scale coal-fired power plant capacity—face costly air quality upgrades or closure as a result of new European Union emissions limits, according to an analysis published today by the Institute for Energy Economics and Financial Analysis (IEEFA). “These regulations will further undermine and […]

IEEFA Europe: Can Coal Power Hang On?

IEEFA Europe: Can Coal Power Hang On?

Investors May Not Be Eager to Absorb More Losses Like Those Seen in Recent Dutch Build-Outs

Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]

November 30, 2016 Read More →

More News and Commentary

Equinor, RWE join Dutch green hydrogen development effort

Reuters: German utility RWE and Norwegian oil and gas firm Equinor have joined an initial phase of a Dutch project to produce “green” hydrogen by using offshore wind power. The NorthH2 project, launched in February by Dutch Gasunie, Groningen Seaports and Shell, will use electricity to produce hydrogen from water avoiding carbon dioxide (CO2) emissions […]

December 7, 2020 Read More →

Orsted completes construction on 752MW Borssele offshore wind farm, largest in the Netherlands

Reuters: Danish energy firm Orsted said on Friday it had finished building the largest offshore wind farm of the Netherlands, the first in a range that should boost the country’s share of sustainable energy in the coming decade. The 752 megawatt (MW) wind farm is currently the second largest in the world, Orsted said, and […]

December 1, 2020 Read More →
IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits
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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 […]

Orsted, Yara International link up in green ammonia development effort

Bloomberg: Orsted A/S, the world’s biggest developer of offshore wind farms, plans to use its latest Dutch installation to make green ammonia for use in fertilizer. The Danish utility will work with the fertilizer giant Yara International ASA to use wind power to create hydrogen and turn it into ammonia. The project could produce about […]

October 5, 2020 Read More →

Dutch asset manager Robeco to divest thermal coal, oil sands holdings by year’s end

Reuters: Dutch asset manager Robeco is excluding investments in thermal coal, oil sands and Arctic drilling from all its mutual funds, it said on Thursday, joining other investors in cutting their exposure to fossil fuels. Companies that derive 25% or more of their revenues from thermal coal or oil sands, or 10% or more from […]

September 25, 2020 Read More →

Developers say Polish solar market is set to expand quickly in coming decade

Bloomberg: After growing more than six-fold over the last two years, Poland’s solar energy market is only getting started as European climate goals force the country to speed up its exit from coal, a leading photovoltaic developer said. Photovoltaic power is set to dominate the country’s energy mix by 2040, according to the government’s prediction […]

September 24, 2020 Read More →

U.K., Dutch transmission operators looking to link countries’ electric systems via offshore wind farms

  Bloomberg: The U.K.’s National Grid Plc and Dutch power transmission operator Tennet Holding BV are developing a plan to link the two countries’ power markets via giant wind farms at sea. The network managers want to use underwater cables to connect as much as 4 gigawatts of offshore wind farms to the power grids […]

September 22, 2020 Read More →

European transmission grid operator floats proposal for 12GW offshore wind hub

Offshore Wind Journal: European electricity transmission system operator TenneT, which currently serves the Dutch and German markets, has put forward a plan to create an energy island that would form the basis of a massive cross-border offshore wind energy project that would export power to the Netherlands, Germany and Denmark. Speaking during a 15 September […]

September 18, 2020 Read More →

Giant Borssele III&IV offshore wind farm begins sending first electricity into Dutch power grid

OffshoreWind.biz: The Borssele III & IV offshore wind farm produced first power early in the morning on 7 August, the Blauwwind consortium informs. The first of 77 MHI Vestas 9.5 MW wind turbines was installed at the project site in the Dutch part of the North Sea in May. At the end of July, TenneT […]

August 10, 2020 Read More →

Shell, Eneco to build 759MW, subsidy-free hybrid offshore wind project in the Netherlands

Greentech Media: Oil major Shell and Dutch utility Eneco will build a super-hybrid offshore wind farm, having won the latest Dutch tender. The pair’s CrossWind consortium was revealed on Wednesday as the winner of the subsidy-free auction for the Hollandse Kust (noord) project. CrossWind plans to have the 759-megawatt offshore wind farm up and running […]

July 30, 2020 Read More →