IEEFA Research

IEEFA report: Australia’s key export market – Japan, moving beyond thermal coal

IEEFA report: Australia’s key export market – Japan, moving beyond thermal coal

Approving new thermal coal mines will add more production into an oversupplied market

10 July 2019 (IEEFA Australia) – Australia will struggle to seek alternative markets for its thermal coal as a declining Japanese market increasingly turns towards cheaper renewable energy solutions, a new IEEFA report out today has found. The report, Japanese Thermal Coal Consumption Approaching Long Term Decline: Australia’s Biggest Export Destination to Transition Away from Coal, […]

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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 →

Global offshore wind pipeline nearing 200GW—RenewableUK

BusinessGreen: The total pipeline of offshore wind projects worldwide has surged 47 per cent since January, signaling continued rapid growth for the sector as it weathers global supply chain disruptions and economic turbulence wrought by the coronavirus pandemic, according to RenewableUK. The latest edition of the UK trade association’s Offshore Wind Project Intelligence report today […]

October 29, 2020 Read More →

Swancor Renewable Energy to build 4.4GW of offshore wind capacity in Taiwan

Power Technology: Swancor Renewable Energy (SRE) has announced plans to develop three offshore wind projects totaling 4.4GW offshore Taiwan. The Formosa 4-1, Formosa 4-2 and Formosa 4-3 projects will be located in the north-western territorial waters of Miaoli County. Swancor Renewable Energy CEO Lucas Lin said: “Swancor Renewable Energy has been preliminarily developing Formosa 4 […]

September 23, 2020 Read More →

IEEFA op-ed: Last hopes for demand growth set to disappoint thermal coal exporters

Asian thermal coal exporters are fighting an uphill battle even in new markets

The world’s largest thermal coal exporter is eyeing new markets as its largest export destinations threaten to cut imports. Indonesia is targeting Bangladesh, Pakistan and Vietnam as China and India seek to curb thermal coal imports into the long term. As a result, Australian and South African thermal coal exporters aren’t going to have it […]

September 16, 2020 Read More →

Offshore wind giant Ørsted takes aim at U.S. solar, storage markets

Greentech Media: Ørsted, a developer synonymous with offshore wind, will have a novel experience in 2021: All of the new power plants it completes will be onshore, and most will involve solar panels. Since building the world’s first offshore wind project 30 years ago off the coast of Denmark, no other company has played a […]

September 3, 2020 Read More →

Ørsted signs world’s largest corporate renewable PPA with Taiwan’s TSMC

ReNews.biz: Ørsted and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA) for all the production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm. The Danish energy giant said this makes it the largest-ever contract of its kind within renewable energy. The 20-year fixed-price contract period starts once Greater Changhua 2b […]

July 8, 2020 Read More →

Asia’s offshore wind capacity growth seen hitting 9GW annually by 2030

Asian Power: Annual offshore growth in Asia is expected to rise to 9 gigawatts a year in 2030 from 4GW, while around 5% of potential capacity is expected to be in place, Wood Mackenzie Asia Pacific Vice Chairman Gavin Thompson said in his APAC Energy Buzz blog. Almost 1,500GW of technical offshore wind potential, which […]

July 2, 2020 Read More →

Taiwan offshore wind farm will be first to use Siemens Gamesa’s new 14MW turbine

ReNews.biz: Siemens Gamesa has been lined up to deliver its new 14MW turbine for the 300MW Hai Long 2 offshore wind farm off Taiwan. The manufacturer said deployment of the 14-222 DD machine is also being considered for the other 744MW phases of the project. The exact number of units for the first 300MW stage […]

May 26, 2020 Read More →

IEEFA update: The renewable energy transition is coming to Asia

The US–China trade war and COVID-19 have massively impacted coal financing

The COVID-19 pandemic has changed the world. It is a truly global threat, ignoring national borders and domestic politics. But this pandemic highlights the need for a global response to a second key global threat: climate change. It is now more important than ever to listen to the advice of experts before it’s too late. […]

May 14, 2020 Read More →

IEEFA update: The outlook for thermal coal in Southeast Asia and South Asia

Seven headwinds are building to sustained growth in coal in Asia

The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]