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IEEFA Research

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]

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 […]

More News and Commentary

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 
and

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]

Spain’s Acciona, Korea Zinc teaming up on 923MW wind farm in Australia

ReNews.biz: Acciona and international metals group Korea Zinc have reached an agreement to jointly develop the 923MW MacIntyre Wind Farm in Queensland, Australia. MacIntyre is one of the largest renewable energy projects in Australia, and the largest energy project in Acciona’s portfolio. Under the agreement Ark Energy, a subsidiary of Korea Zinc, will take a […]

March 18, 2021 Read More →

LG unit plans significant expansion in U.S. battery storage manufacturing capacity

Energy Storage News: LG Energy Solution has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS). The South Korea-headquartered company, recently spun out of parent company LG Chem’s brand towards the end of last year, said it will […]

March 12, 2021 Read More →

Activists renew campaign against half-built, 2.1GW coal plant in South Korea

Global Construction Review: A massive coal power project South Korea is facing renewed scrutiny after activists called for a state audit of domestic banks that are providing $1bn of its $4.3bn cost, The Korea Herald reports. The 2.1GW power station is being developed by Samcheok Blue Power Plant in Gangwon Province with completion scheduled for […]

March 11, 2021 Read More →

Asian, U.S. banks still heavily invested in global coal plant lending activities—report

CNN Business: Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are still being channeled into fossil fuels, and Asia’s banks are doing much of that business. Globally, 380 commercial […]

March 1, 2021 Read More →

Wood Mackenzie sees big potential for floating offshore wind in Asia-Pacific region

Offshore Engineer: Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion, counting the projects in the early planning stages. “A significant market for […]

February 25, 2021 Read More →

Losses mount for Australian coal miners as global energy transition picks up speed

Renew Economy: Whitehaven Coal has become the latest Australian miner to announce massive losses as the collapsing thermal coal price continued to wreak havoc on the industry. In the six months to December, Whitehaven lost $94.4 million. It comes a day after BHP revealed it was writing down the value of its thermal coal assets […]

February 19, 2021 Read More →

South Korea announces plans for mammoth 8.2GW offshore wind farm

Reuters: South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic. The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil […]

February 5, 2021 Read More →

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 […]