IEEFA Research

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →

More News and Commentary

COVID pandemic accelerating demise of Europe refineries

OilPrice.com: The coronavirus pandemic has shortened Europe’s energy transition. What was initially perceived as a gradual movement towards fewer emissions and greener generation has now become an unprecedently ambitious endeavour – by the time Europe recovers from the COVID-triggered slump, its fuel demand will have already dropped to the point where some downstream assets are […]

April 27, 2021 Read More →

Portugal’s EDP to build 20GW of renewable energy capacity in next five years

S&P Global Market Intelligence ($): EDP – Energias de Portugal SA will double the pace of its renewable energy installations during the next five years, spending €19 billion to build 20 GW of new wind and solar plants while shifting its focus more heavily to the U.S. market. The utility said in a strategic update […]

March 1, 2021 Read More →

Engie to close its remaining coal plants by 2027

S&P Global Market Intelligence ($): Engie SA will close its last coal plants in Europe, Africa and Latin America by 2027, part of the company’s ongoing quest to simplify its business and put a stronger focus on renewable energy. The French utility’s new CEO, Catherine MacGregor, said Feb. 26 that Engie would get rid of […]

February 26, 2021 Read More →

Portugal’s EDP Group targets energy storage, green hydrogen with new business units

Energy Global: The EDP Group has strengthened its commitment to decarbonisation by launching two units that will exploit the potential of green hydrogen and energy storage systems. The H2 Business Unit (H2BU) will be the Group’s new arm for the development of green hydrogen projects, while the dedicated storage unit, built in EDPR North America, […]

February 23, 2021 Read More →

Iberdrola seeks European recovery funding for major floating offshore wind farm

Reuters: Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession. The Spanish firm did not say where it would build its first big […]

February 16, 2021 Read More →

Green hydrogen commercialization coming faster than anyone forecast—Wood Mackenzie

Greentech Media: Green hydrogen is set to play a substantive role in the overall energy mix with its development likely to happen faster than anyone predicts, according to a new report by Wood Mackenzie. The 2050: The Hydrogen Possibility report details how the project pipeline has grown nine-fold since October 2019 to a staggering 26 […]

February 5, 2021 Read More →

EDP shutters Sines power plant in Portugal, country to be coal-free by November

EURACTIV.com: The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving the country with just one remaining coal power station in operation, which is scheduled for closure in November. Portuguese energy utility EDP announced its decision to shut down the 1,296 MW Sines coal plant in July last year, bringing […]

January 15, 2021 Read More →

Portuguese grid operator says renewables supplied 59% of nation’s electricity in 2020

The Portugal News: More than half (59%) of the electricity consumed in 2020 in Portugal resulted from renewable production, especially hydroelectric and wind, both with about 25%, according to data from REN – Redes Energéticas Nacionais. In a statement, REN, the company responsible for the global management of the national electricity and natural gas systems, […]

January 8, 2021 Read More →

IEEFA India: Interpreting solar tariff trends

Implications of low bids for future growth

This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]

September 29, 2020 Read More →

Europe’s installed floating offshore wind capacity could hit 7GW by 2030, trade group says

Offshore Wind Journal: WindEurope chief executive Giles Dickson says floating offshore wind has “huge growth potential, is no longer a niche technology,” and commercial-scale projects are ready to be built. Speaking at the FOWT 2020 in Marseille, France, Mr. Dickson told delegates that floating wind has matured and achieved significant cost reductions over the past […]

September 10, 2020 Read More →