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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 […]

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 Naturgy enters U.S. renewable market, plans $1.8 billion investment over five years

Reuters: Spanish power company Naturgy plans to invest up to $1.8 billion in the United States after making its first push into the U.S. market with a deal to buy a solar energy developer, the company said on Friday. Naturgy plans to make the investments over a five-year period, it said, announcing the acquisition of […]

January 15, 2021 Read More →

Encavis connects 300MW Talayuela solar farm to Spanish electric grid

ReNews.biz: Encavis has connected a 300MW photovoltaic plant to the Spanish grid. Connection of Talayuela, follows the connection of the 200MW La Cabrera project in November 2020. The completion of both solar projects takes Encavis’ Spanish portfolio of operational renewable solar assets to 500MW. Encavis will generate subsidy-free electricity sales of €36m in 2021 and […]

January 8, 2021 Read More →

Renewable energy has provided 43.6% of Spain’s electricity year to date—grid operator

Renewables Now: Spain produced 43.6% of its electricity with renewables energy technologies in the year to December 11, Spanish grid operator Red Electrica de Espana (REE) said in the summary of its 2020 forecast report. The figure represents the highest proportion of renewables in Spain’s power mix since the records began in 2007, REE noted. […]

December 21, 2020 Read More →

Spanish firms Naturgy and Enagas team up for green hydrogen project

Reuters: Spanish utility Naturgy and gas system operator Enagas are joining forces to build a plant capable of making 9,000 tonnes a year of clean hydrogen, a fuel that policymakers hope can help slash carbon emissions from industry. Replete with sunny plains and well-developed gas infrastructure, Spain is keen to lead an international effort to […]

December 18, 2020 Read More →
IEEFA: European gas pipeline companies mislead investors by underreporting CO<sub>2</sub>
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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’ […]

Repsol’s new strategic plan earmarks 5.5 billion euros for low-carbon generation

S&P Global Market Intelligence ($): Repsol SA has unveiled a new strategic plan for the next five years aimed at accelerating its energy transition while boosting shareholder value, according to a Nov. 26 news release. The Spanish integrated oil and gas company said it will decarbonize its asset portfolio and establish a new operating model […]

November 30, 2020 Read More →

Bayer signs corporate PPA for output from Iberdrola’s 590MW Pizarro solar project

Power Technology: Spanish renewables developer Iberdrola has signed a power purchase agreement (PPA) with pharmaceutical company Bayer to supply 100% renewable electricity. According to the agreement, Iberdrola will supply clean energy generated by its solar photovoltaic (PV) Francisco Pizarro plant to nine Bayer sites in Spain. Bayer’s three factories, five research and development (R&D) centres […]

November 20, 2020 Read More →

Ovo, Sonnen to offer rooftop solar, storage package for residential customers in Spain

Bloomberg: Ovo Energy Ltd has partnered with a Royal Dutch Shell Plc subsidiary to offer rooftop solar and batteries to homes in Spain. The deal is the latest in a trend where energy suppliers offer complete energy systems that turn households into virtual power plants. Ovo’s Spanish offering is similar to Tesla Inc’s tariff launched […]

November 16, 2020 Read More →

Iberdrola launches five year, €75 billion investment plan targeting renewables, grid improvements

S&P Global Market Intelligence ($): Iberdrola SA launched a €75 billion investment plan for the 2020 to 2025 period, including a commitment to invest €68 billion organically in renewable energy, networks, storage and intelligent solutions for its customers. The remaining €7 billion will be allotted to the pending acquisition of PNM Resources Inc. by Avangrid […]

November 5, 2020 Read More →

Spain’s Repsol says it is spending more on green energy than oil and gas exploration

Bloomberg: Repsol SA has invested more in recent months in developing renewable power projects than searching for oil and gas, offering the latest example of how Europe’s energy giants are accelerating their shift away from fossil fuels. The Spanish firm has spent 199 million euros ($232 million) this year on oil exploration, in countries ranging […]

November 2, 2020 Read More →