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

South Korea solar manufacturer buys 5 GW French project pipeline

PV Magazine: South Korea-based solar module manufacturer Hanwha Q Cells has agreed to acquire French renewable energy developer RES Méditerranée (RES France) from U.K.-based company RES for €730 million. The transaction, if finalized, would allow the Korean group to continue its expansion in Europe. Currently, it has a portfolio of renewable energy projects totaling nearly […]

August 10, 2021 Read More →

Armenia plans country’s largest solar power plant with Masdar

Eurasianet: The Armenian government is looking to expand the country’s renewable energy capacity with an ambitious plan to build two new solar power plants. This month, the government finalized a deal with United Arab Emirates-based renewable energy company Masdar to build the first plant by 2025. The 200-megawatt plant, to be known as Ayg-1, will […]

July 27, 2021 Read More →

Spanish-UK venture plans 2.5 GW offshore wind plan in Ireland

Offshore Wind Biz: A joint venture between Cobra Instalaciones y Servicios and Flotation Energy has revealed its plan to apply for development consent to build offshore wind farms in Ireland, once the country’s new legislative framework is in place. Offshore Wind Ltd (OWL) plans to build one wind farm, called Greystones, in the waters off […]

July 27, 2021 Read More →

Barely 10% of $17 trillion in COVID stimulus spent on green projects

The Guardian: Trillions of dollars poured into rescuing economies around the world from the Covid-19 crisis have been spent in ways that worsen the climate crisis and harm nature because governments have failed to fulfil promises of a “green recovery” from the pandemic. Only about a tenth of the $17tn in bailouts provided by governments […]

July 20, 2021 Read More →

Solatio announces 810-megawatt solar complex in Brazil

Renewables Now: The Brazilian government officials and representatives from Spanish PV sector player Solatio Energia on Friday inaugurated a solar power complex that will add 810 MWp once fully up and running. Solatio, a company with more than a decade-long presence in Brazil, is installing the BRL-3-billion (USD 570.3m/EUR 480.6m) three solar-farm project in the […]

July 12, 2021 Read More →

Spain to install offshore wind with as much as 3GW capacity by 2030

Reuters: Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of power by 2030, its Energy and Environment Ministry said on Wednesday. As part of a global shift away from carbon-emitting fossil fuels, governments and companies are seeking new ways to […]

July 8, 2021 Read More →

Amazon primes company for rapid shift to renewables

S&P Global Market Intelligence ($):  Amazon.com Inc. announced a new wave of contracts to buy electricity from 14 new renewable energy projects in the U.S., Canada, Finland and Spain in a bid to advance its goal to power 100% of the company’s activities with renewable energy by 2025, five years ahead of its original target […]

June 24, 2021 Read More →

More than 200GW of offshore wind projects announced since 2020

Renew Economy:  More than 200GW worth of new offshore wind projects have been announced around the world since 2020, according to new figures published this week, but regulatory hurdles and supply chain constraints will nevertheless hinder the completion of the entire pipeline by 2030. The new figures were published this week by renewable energy consultancy […]

June 24, 2021 Read More →

Oil and gas major Repsol opens first solar farm in Spain

PV Tech: Oil and gas major Repsol has opened its first PV solar farm, a project boasting a total installed capacity of 126.6MW, developed at a cost of €100 million (US$119 million). Officially opened on 21 June 2021, Kappa solar farm is located in the Spanish town of Manzanares, Ciudad Real, with the total capacity […]

June 22, 2021 Read More →

Iberdrola, GS Energy agree to cooperate on Asia renewables projects

Renewables Now: Spanish electric utility Iberdrola SA (BME:IBE) and South Korean multi-energy group GS Energy have signed a memorandum of understanding (MoU) to cooperate on the renewables development in South Korea and other regions in Asia. The agreement is meant to create a platform through which the partners would seek out and develop projects, including […]

June 17, 2021 Read More →