Spain

IEEFA Research

IEEFA: European gas pipeline companies mislead investors by underreporting CO<sub>2</sub>

IEEFA: European gas pipeline companies mislead investors by underreporting CO2

Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellers

December 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

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 →
IEEFA report: Argentina’s Vaca Muerta Patagonia fracking plan is financially risky, fiscally perilous

IEEFA report: Argentina’s Vaca Muerta Patagonia fracking plan is financially risky, fiscally perilous

Major investors Chevron, ExxonMobil, Equinor, Total, Shell and Tecpetrol are depending on tenuous subsidies

New York/Buenos Aires (March 21, 2019) — The Vaca Muerta oil and gas project, which promises to double oil and gas production over the next six years in Argentina, is facing such strong headwinds from current fiscal, market, political and environmental forces that “the plan is likely to fail,” according to a report released today […]

Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Informe IEEFA: El plan argentino de fracking en Vaca Muerta de Patagonia es financieramente riesgoso, fiscalmente peligroso

Los principales inversores Chevron, ExxonMobil, Equinor, Total, Shell y Tecpetrol dependen de subvenciones frágiles.

Nueva York/Buenos Aires (21 de marzo de 2019) – El proyecto de gas y petróleo Vaca Muerta, que promete duplicar la producción de ambos combustibles en los próximos seis años en Argentina, enfrenta obstáculos tan fuertes por las actuales fuerzas fiscales, de mercado, políticas y ambientales que “el plan probable fracase”, según un informe publicado […]

March 21, 2019 Read More →

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

and February 15, 2018 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

Paying Producers for Electricity They Might Never Generate

  So-called capacity markets are driving what appears to be a major new trend in energy policy across Europe: More public subsidies for electric utilities. Utilities may get—but not necessarily need or deserve—high-level government support for a variety of reasons, including for their role in equity markets, where they supply returns and dividends for pension […]

December 13, 2016 Read More →
IEEFA Europe: Can Coal Power Hang On?

IEEFA Europe: Can Coal Power Hang On?

Investors May Not Be Eager to Absorb More Losses Like Those Seen in Recent Dutch Build-Outs

Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]

November 30, 2016 Read More →

More News and Commentary

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 →

Iberdrola moving ahead with 1.2GW of new solar capacity in Spain

PV Tech: Spanish energy company Iberdrola has added 750MW of solar PV capacity to its development pipeline. The plans include two utility-scale Spanish solar facilities; the 380MW Tagus project in the municipality of Alcántara and the 375MW Cedillo plant, located between Alcántara and Herrera de Alcántara, close to the Portuguese border. Both projects, which will […]

March 5, 2021 Read More →

Highview Power says its long duration energy storage pipeline totals 400MW/4GWh

Recharge: The market leader in build-anywhere long-duration energy storage, Highview Power, now has more than a dozen firm projects in its pipeline, adding up to roughly 400MW/4GWh, the company’s chief executive reveals to Recharge. Eight of these will enter the execution phase this year or next, in addition to the 50MW/250MWh project currently under construction […]

March 2, 2021 Read More →

Santander to exit coal financing by 2030

Agence France-Presse: Spanish banking giant Santander said Monday it would stop doing business with companies most exposed to coal mining by 2030 as part of its efforts to fight climate change. Santander will cut all exposure to thermal coal mining and stop providing services to power generation clients that earn more than 10 per cent […]

February 23, 2021 Read More →

China Three Gorges adds to Spanish holdings, purchases 400MW of wind, solar capacity

Bloomberg: China Three Gorges Corp. agreed to buy Spanish renewable assets from a group of billionaires, as the Chinese energy giant seeks to double down on the southern European country. State-owned Three Gorges will acquire 100% of a portfolio of more than 400 megawatts of operational plants from a consortium led by Corporacion Masaveu, backed […]

February 23, 2021 Read More →

Spain’s Acciona planning to spin off part of its renewables business

Reuters: Spanish energy and engineering company Acciona is planning to hive off and list its renewable power business on the stock market, the company said on Thursday as it posted an 8% rise in annual profit. While the scale and structure of the listing have yet to be defined, at least 25% of the new […]

February 19, 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 →

Spanish government approves strategy to double energy storage capacity by 2030

Renewables Now: The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the government wants to […]

February 9, 2021 Read More →

Spanish utility cuts value of gas-fired generation as renewable transition gains speed

S&P Global Market Intelligence ($): Naturgy Energy Group SA has written down the value of its Spanish gas-fired power plants by €1.15 billion, illustrating how the policy-driven shift to renewable energy continues to put pressure on carbon-intensive businesses. The company, one of Spain’s largest utilities, said Feb. 4 that the impairment was driven both by […]

February 5, 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 →