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Guest Commentary: Gireesh Shrimali and Guest Commentary: Abhinav Jindal
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, […]
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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 […]
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S&P Global Market Intelligence ($): Amazon.com 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. […]
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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 […]
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The Sydney Morning Herald: Glencore, one of the world’s biggest coal miners, has forecast its global output will fall by more than 25 per cent but its Australian mines will be among the last to close. Bowing to pressure from investors to set a net-zero emissions goal by 2050, the Anglo-Swiss giant outlined a new […]
Press Release and Simon Nicholas
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, […]
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ESI Africa: Two years after construction kicked-off, Kangnas Wind Farm achieved commercial operations on 15 November 2020, making it the first bid window four wind farm, in the Northern Cape, to come on stream as part of government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). According to a media release, this wind farm will […]
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Renew Economy: The 50MW Bokpoort concentrated solar power (CSP) plant in South Africa has set a new African benchmark for renewable energy, becoming the first renewable project on the African continent to complete a full week of continuous, round the clock operation. The Saudi Arabian-based renewable energy developer ACWA Power says that the Bokpoort CSP […]
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PV Magazine: Energy Resources Senegal (ERS) has signed an agreement with South Africa-based investment firm Climate Fund Managers (CFM) for the co-development of a solar power plant in Niakhar, Senegal. The project consists of a 30 MW photovoltaic power plant combined with a battery system with a capacity of 15 MW/45 MWh. According to the […]
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Reuters: Japanese resources company Marubeni Corp will pull out of the Thabametsi South African coal plant project, the Japanese group told Reuters on Wednesday, following the withdrawal of some South African investors this week. Marubeni’s exit from the 630 megawatt (MW) Thabametsi coal-based power plant project in the water-scarce northern Limpopo province also follows the […]
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 government23 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, […]