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IEEFA
PV Magazine: Chemical-based battery company LG Energy Solution‘s (LGES’) $10.7 billion initial public offering received bids worth around $80 billion from institutional investors, Reuters reported today. The book for the offering, the largest ever held in South Korea, will close tomorrow with deal pricing set for Friday. The reported IPO could take the company’s value […]
Trey Cowan and Clark Williams-Derry
Shrinking inventories, drilling pressure, lower futures prices may tighten margins in 2022
For the first time since the dawn of the fracking boom, North America’s oil and gas companies generated a generous surplus of cash in 2021. The bonanza stemmed in part from high oil and gas prices. A cross-section of 28 North American shale-focused oil and gas producers generated almost $40 billion in revenues during the […]
Bruce Robertson
Increasing price and demand volatility, policy change, competition and stranded asset risk threaten gas and LNG investments
Are gas investments safe? IEEFA energy finance analyst Bruce Robertson shows how risks are mounting in the sector and warns that these will result in financial losses and stranded assets. This pressure comes from many directions including climate change, energy and financial policy shifts, market competition, fluctuating demand, price volatility and technological innovation, including decarbonization […]
IEEFA
S&P Capital IQ ($): Ramping up its renewables ambitions, German utility RWE AG is upping spending and capacity targets by 2030, it said during its Nov. 15 capital markets day. With exits from coal and nuclear power generation moving into view, the business will spend €50 billion over the course of this decade to grow […]
IEEFA
E&E News ($): A North Dakota energy company announced a deal this week to convert a gas plant into the largest and cheapest clean hydrogen facility in the United States, underscoring an ongoing debate about hydrogen’s growth and emissions footprint. Bakken Energy LLC said it had reached an agreement with Midwestern utility Basin Electric Power […]
Sam Reynolds
LNG importers will bear climate-related risks of exporting countries, threatening energy security and electricity costs
The Texas energy crisis has become world news. During last week’s extreme winter weather, surging electricity demand collided with falling generation, forcing the state’s grid operator to implement rolling blackouts. In many cases, blackouts lasted for over 24 hours, causing fuel and electricity supply shortages and disruptions throughout the gas supply chain. At least 4.5 […]
IEEFA
PV Tech: Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030. The Spanish energy group made the pledge after its renewables business posted net profits of €3.6 billion (US$4.4 billion) last year despite the widespread disruption in […]
IEEFA
PV Tech: As much as 209GW of solar PV could be installed this year, BloombergNEF (BNEF) has said, with project activity booming in most international markets. Annual deployment is also expected to continue to climb over the coming years, with BNEF’s optimistic forecast expecting 221GW to be installed in 2022 and 240GW in 2023. The […]
IEEFA
OffshoreWind.biz: Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is according to an analysis from […]
IEEFA
Recharge: Oil supermajor Total raised its renewable energy target to 35GW by 2025, as it pursues an ambition to become a global top-five player in the green power sector that could see it adding 10GW of new projects annually, the company said on Wednesday. The new 2025 goal for gross capacity developed adds 10GW to […]
Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal
February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]