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IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

Pakistan and Bangladesh have already cancelled tenders for LNG imports

14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]

Funding of new overseas coal projects is a red flag for sustainable investors

성공적이라는 한전의 ‘그린본드,’ 정작 글로벌 ESG 투자자들에게는 외면 ‘해외 석탄 투자와 병행된 ‘그린본드’, 신뢰하기 힘들어’ 지난 6월 ESG 경영을 위해 한국전력이 발행한 글로벌 그린본드가 정작 지속가능한 투자를 중시하는 세계 주요 ESG 투자자의 신뢰를 얻는데 실패한 것으로 드러났다. 11월 23일(월), 에너지 및 환경 관련 금융 이슈를 분석하는 미국 에너지경제∙재무분석연구소(IEEFA)는 ‘한전 그린본드, ESG 시장 기대에 못 미치다’라는 […]

and November 26, 2020 Read More →
IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

Funding of new overseas coal projects is a red flag for sustainable investors

24 November 2020 (IEEFA South Korea): Korea Electric Power Corporation’s (KEPCO’s) recent green bond failed to attract leading sustainable investors, despite being 10 times oversubscribed, according to new research by the Institute for Energy Economics and Financial Analysis (IEEFA). The South Korean state-owned utility’s June 2020 green bond raised US$500 million from international financial investors. […]

and November 24, 2020 Read More →

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 update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

Project bankability at risk as new regulations threaten usual contractual terms

3 November 2020 (IEEFA Vietnam): Foreign investors will face higher-than-usual risks in concluding coal power projects in Vietnam, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy Analyst with IEEFA, says new regulatory and market challenges will likely prove too onerous for foreign investors in four […]

and November 3, 2020 Read More →
IEEFA: Renewables continue to break records despite COVID-19

IEEFA: Renewables continue to break records despite COVID-19

Solar costs continue to decline

8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA).  Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]

IEEFA report: Question time for KEPCO’s board

IEEFA report: Question time for KEPCO’s board

Overseas investments add risk and unstable returns to KEPCO’s stressed financial outlook

June 2, 2020 (IEEFA South Korea) — KEPCO, South Korea’s national power company, has been hit hard by the COVID-19 pandemic, a problem compounded by the utility’s troubled overseas investments  and a lack of strategic awareness, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Melissa Brown, Director of Energy Finance […]

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

More News and Commentary

IEEFA: Is oil giant Total an emerging leader of the energy transition?

Shows how to pivot from an oil company to an energy company

Last summer, French oil and gas giant Total SE announced a $7 billion impairment charge for two Canadian oil sands projects. This might have seemed like an innocuous move, merely an acknowledgement that the projects hadn’t worked out as planned.  Yet it opened a Pandora’s box that could change the way the industry thinks about […]

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam
and

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

Pakistan and Bangladesh have already cancelled tenders for LNG imports

14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]

South Korea’s SK Group makes big bet on fuel cell maker Plug Power

Bloomberg: South Korean conglomerate SK Group is investing $1.5 billion in U.S. fuel-cell maker Plug Power Inc. to boost the use of hydrogen as an alternative energy source in Asia. The companies are forming a joint venture to provide hydrogen fuel-cell systems, fueling stations and electrolyzers in South Korea and elsewhere, SK and Plug said […]

January 7, 2021 Read More →

Latest South Korean electricity plan aims to cut coal-fired generation 23 percent by 2030

Argus Media: Coal-fired power generation in South Korea is expected to decrease by 23pc by 2030 from 2019’s level, under the government’s ninth basic electricity plan. This would reduce annual power-sector coal consumption by around 18.6mn t/year of NAR 5,700 kcal/kg-equivalent material. The ministry of energy and industry (Motie) last month finalised its plan to […]

January 7, 2021 Read More →

Units of South Korea’s Hanwha Group to stop financial support for coal projects

Power: Affiliates of one of South Korea’s largest business conglomerates announced they no longer will provide financial support for coal projects, putting in jeopardy plans to finish a 2,100-MW coal-fired power plant project that has been expected to come online in 2024. The six financial affiliates of the Hanwha Group, during a video conference on […]

January 6, 2021 Read More →

Fitch forecasts doubling in Asian wind, solar capacity by 2029, topping 1,500GW

Recharge: Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, which will more than double between 2020 and 2029 to a capacity exceeding 1,500GW, Fitch Solutions forecast. As markets recover gradually, the analyst sees an acceleration of growth over the coming […]

January 5, 2021 Read More →

IEEFA Update: Coking coal’s decline likely to follow the path of thermal coal’s progressive demise

Technology disruption the likely theme of global energy markets in 2021

There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]

December 22, 2020 Read More →

Korea sets 42% renewable energy target by 2034

The Korea Herald: Renewable energy will take up nearly 42 percent of South Korea’s power generation capacity by 2034, according to a blueprint for the national energy mix unveiled Tuesday. The final draft of the Ninth Basic Plan for Electricity Supply and Demand for the years 2020-2034, drawn up and released by the Ministry of […]

December 16, 2020 Read More →
IEEFA: China’s ban is less of a threat to Australia’s coal industry than international climate ambition

IEEFA: China’s ban is less of a threat to Australia’s coal industry than international climate ambition

Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds

The decision by China’s National Development and Reform Commission to formally and indefinitely block Australian coal imports is a key threat to Australia’s political and economic wellbeing. Australia can never expect to win a trade war with its biggest export partner, and it is sheer political and economic suicide to try to do so. But […]

December 15, 2020 Read More →
IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions
and

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]