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New South Wales, Australia
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Trista Rose
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal
The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]
Press Release, Johanna Bowyer and Guest Commentary: Tristan Edis
Several coal power plants in the National Electricity Market likely to be financially unviable by 2025
24 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]
IEEFA
Renew Economy: The race for Australia’s largest big battery is heating up, with Origin Energy unveiling plans for a massive 700MW big battery to be located at the company’s Eraring power station in the New South Wales Hunter region. Origin Energy’s plans for the big battery would include up to four hours of dispatchable power, […]
IEEFA
Renew Economy: Australia’s largest battery storage project could be built just outside of Sydney, with planning documents revealing the plans of renewable energy developer Neoen kick-starting the planning process for a 500MW/1,000MWh big battery in New South Wales. Neoen submitted a scoping study for the project with the NSW Department of Planning, Industry and Environment […]
IEEFA
Renew Economy: Listed renewable energy developer Tilt Renewable says it has landed a long term contract with major mining company Newcrest that will underpin the development of what will be the biggest wind project in NSW – the 400MW Rye Park project in the north of the state. Tilt and Newcrest have signed up for […]
Press Release, Tim Buckley and Johanna Bowyer
Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities
11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]
Bruce Robertson
Embedding gas infrastructure for the next 30 years remains a poor investment decision
Santos’ controversial Narrabri gas project in northern New South Wales received final federal government approval yesterday, despite a record number of objections to the project. In investment there are three factors bankers and investors assess before making an investment. They look at environmental, social and governance (ESG) factors and this project clearly fails the social […]
Press Release, Trista Rose and Tim Buckley
Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker
19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]
IEEFA
Renew Economy: The NSW government has unveiled a $32 billion investment plan for new electricity infrastructure in the state, that will see strong investment in new wind, solar and storage projects replace the state’s ageing coal fleet while reducing emissions and costs for NSW consumers. Under the Electricity Infrastructure Roadmap launched by energy minister Matt […]
Press Release, Bruce Robertson, Clark Butler and Clark Williams-Derry
In the home of U.S. oil and gas, private investors are pouring money into renewables
19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]
IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government dealThe Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]