South Africa

IEEFA Research

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA: Pakistan’s new 27-year power plan risks locking in long-term overcapacity, leaving imported coal and LNG plants stranded

IEEFA: Pakistan’s new 27-year power plan risks locking in long-term overcapacity, leaving imported coal and LNG plants stranded

Wind and solar, the country’s cheapest source of new generation, also overlooked

3 September 2020 (IEEFA Pakistan): Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of COVID-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power […]

IEEFA report: Transition planning a must as South Africa’s export markets pivot away from thermal coal

New energy technology replacing coal-fired power faster than predicted

16 September 2019 (IEEFA South Africa) ‒ South African coal exports are approaching long-term decline, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA) out today. Author of the report Simon Nicholas, energy finance analyst with IEEFA, says the sector needs to come to terms with the prospect of fading […]

IEEFA update: South Korea takes further steps away from thermal coal

Implications for Australian coal exports and the Bylong Coal mine proposal

(IEEFA Australia) – The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move away from coal and towards renewable energy, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, South Korea Shifting […]

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →

Coal Won’t Solve the Energy Poverty Problem

Times Have Changed; Old Electricity-Generation Models Don’t Work Anymore

Coal-fired electricity is no longer the economy builder its proponents say it is. Time was when coal in fact did contribute to growth in many economies, but times have changed. Today governments and private interests worldwide concede—even emphasize—the economic and environmental dysfunction of coal. We’ve just published an IEEFA Briefing Note (“Energy Poverty, Then and […]

March 3, 2016 Read More →

More News and Commentary

Mining firm South32 to pay $250 million to close sale of South African thermal coal assets

Reuters: South32 Ltd will provide up to $250 million in funds to smooth the sale of its South African energy coal business to mining group Seriti Resources, the company said on Thursday. South32 will pay $200 million across a decade to partly fund costs of the environmental clean up of the mines of its South […]

April 1, 2021 Read More →

Study finds methane emissions from planned coal mines pose major threat to climate

Reuters: Methane leaks from planned coal mines around the world could have a bigger climate impact than carbon emissions from U.S. coal plants, a research group said on Thursday, detailing what it said was an overlooked source of planet-warming emissions. Despite efforts by governments to crack down on fossil fuels, nonprofit Global Energy Monitor said […]

March 22, 2021 Read More →

South Africa seeking 1GW of solar in latest renewable energy solicitation

PV Tech: The South African government has launched its latest renewables procurement round under its Renewable Energy IPP Procurement Programme (REIPPPP), which is to procure 1GW of solar PV. Launched today (19 March 2021), the tender represents Bid Window 5 of the country’s REIPPPP, which will allow bids to be submitted by 4 August 2021. […]

March 22, 2021 Read More →

Global wind group sees major growth opportunities across Africa

Thomson Reuters Foundation: Wind could power Africa’s energy demands 250 times over and create jobs lost in the move away from fossil fuels but the continent has only tapped into 0.01% of its potential, wind experts said on Thursday. Wind projects are growing fast, with 724MW of new capacity added in 2020, bringing the total […]

March 8, 2021 Read More →

South African miner Exxaro will not invest in new thermal coal projects

Reuters: South African coal company Exxaro Resources will not invest in new thermal coal assets, Chief Executive Mxolisi Mgojo said on Tuesday. Exxaro, which exports coal as well as supplying it for domestic power generation, said the company would continue to supply thermal coal to state-owned power utility Eskom’s Medupi and Matimba power stations through […]

February 3, 2021 Read More →

South Africa planning tenders for 6,800MW of new renewable energy capacity this year

Reuters: South Africa plans to launch three procurement rounds for 6,800 megawatts (MW) of renewable energy over the next year, as well as a combined 5,000 MW of new coal, gas and storage, a presentation by the governing African National Congress (ANC) showed. Africa’s most industrialised nation is heavily dependent on coal-fired power but plans […]

January 26, 2021 Read More →
IEEFA: Repurposing coal plants into solar and battery can pay up to 5 times more than decommissioning

IEEFA: Repurposing coal plants into solar and battery can pay up to 5 times more than decommissioning

An economic proposition for coal dominant developing countries

Worldwide, coal plants are grappling with environmental issues and low capacity utilization levels. They have not only become unprofitable to utilities, they are also uneconomical to customers. While retiring end-of-life coal plants can overall be very beneficial, and indeed necessary as finance continues to exit the fossil fuel sector driven by the global energy transition, […]

Anglo American to exit thermal coal sector by mid-2023

Reuters: Anglo American will divest from its South African and Colombian thermal coal operations by mid-2023, the miner said on Friday as it sought to demonstrate to investors its commitment to a shift towards clean energy sources. The global miner said a de-merger and listing on the Johannesburg Stock Exchange was the most likely route […]

December 14, 2020 Read More →

Amazon signs global deals for 3.4GW of new renewable energy generation

S&P Global Market Intelligence ($): Inc. signed contracts to purchase power from 26 renewable energy projects on four continents totaling 3.4 GW, as part of its target to achieve net-zero carbon emissions by 2040. The wind and solar projects are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K. and the U.S. […]

December 10, 2020 Read More →

South Africa’s Standard Bank takes first step away from coal, will stop funding new power plants

Reuters: South Africa’s Standard Bank will not fund any new coal-fired power plant projects, but will continue to provide finance to thermal coal mining projects and companies if they meet certain criteria, it said on Thursday. Climate activists have been pressuring Standard Bank – Africa’s largest bank by assets – to curb its lending to […]

December 10, 2020 Read More →