Texas

IEEFA Research

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA U.S.: How to negotiate responsible tax breaks on renewable energy deals

A guide to best practices in a sector where standards are lacking

Oct. 28, 2020 (IEEFA) — An advisory published today by the Institute for Energy Economic and Financial Analysis (IEEFA) warns that too few standards exist for renewable energy tax abatement deals, even as utility-scale solar and wind power continue to quickly gain market share across the electricity generation sector. The advisory, Negotiating Responsible Tax Breaks […]

IEEFA: What Australia can learn from Texas’ embrace of clean energy

IEEFA: What Australia can learn from Texas’ embrace of clean energy

In the home of U.S. oil and gas, private investors are pouring money into renewables

19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

Multiple issues in contract likely to contribute to failure of safe, reliable and resilient grid

October 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]

IEEFA: Acuerdo de LUMA Energy allana camino para que los reguladores de Puerto Rico repitan errores pasados

Múltiples problemas en el contrato que pueden contribuir al fracaso de una red segura, confiable y resiliente

12 de octubre de 2020 (IEEFA) – Un importante contrato firmado con el consorcio LUMA Energy puede impedir que Puerto Rico construya un sistema eléctrico seguro, confiable y resiliente,  según un nuevo informe del Instituto de Economía Energética y Análisis Financiero. El acuerdo para operar la red de la isla se produjo a raíz de […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

Case study Nolan County: Strengthening jobs, economic development, tax base

August 10, 2020 (IEEFA) — The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA).  The report—As Oil and Gas Wane, Texas […]

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

Red flags for investors - risks for Enchant Energy’s initiative in New Mexico and Project Tundra in North Dakota

August 3, 2020 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that the abrupt recent shutdown of the Petra Nova coal-fired carbon capture plant in Texas should be seen as a strong signal for investors to avoid such projects. The report—Petra Nova Mothballing Post-Mortem: Closure […]

More News and Commentary

IEEFA U.S.: Wind, solar transition in full view in Texas in March

IEEFA U.S.: Wind, solar transition in full view in Texas in March

Renewables account for 42% of ERCOT’s generation during the month

April 6, 2021 (IEEFA)—The transition from fossil fuels to wind and solar gained speed  in Texas in March. Data from the Energy Information Administration’s hourly electric grid monitor shows that wind generation in ERCOT smashed its previous high, topping 10.4 million megawatt-hours (MWh) during the month—2 million MWh above its previous high set last December. […]

Rosendin, Tokyo Gas begin construction of 500MW solar farm in Texas

PV Magazine: Rosendin’s Renewable Energy Group (REG) and Tokyo Gas America have begun building a 500 MWac/631 MWdc solar power project in Texas. The Aktina Renewable Power Project will be brought online in blocks starting in mid-2021 with energy sold to the Electric Reliability Council of Texas (ERCOT) wholesale market. The facility will include around […]

April 6, 2021 Read More →
and

IEEFA U.S.: ‘New Promise Act’ would help communities transition from coal-based economy

O’Halleran legislation aims to cushion economic losses caused by plant closures

April 2, 2021 (IEEFA) — The recently introduced New Promise Act, sponsored by Rep. Tom O’Halleran, D-Ariz., marks a potentially important step forward in recognizing the need for a federal commitment to economic revitalization in communities that have been hard-hit by the decline of the coal economy. The bill, inspired by the closure of the […]

Danish developer expanding into U.S. with 300MW solar project in Texas

PV Tech: Danish renewables developer European Energy is expanding its operations into the US market, announcing plans for a 300MW solar project in Texas. The company is buying 1,276 acres of land southwest of Dallas that was previously used for oil and gas extraction. Construction of the plant will begin in the first half of […]

April 1, 2021 Read More →
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
, , and

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

Orsted moves forward with 518MW hybrid wind-solar project in Texas

ReNews.biz: Orsted has taken a final investment decision on a 518MW hybrid wind and solar project in the US state of Texas with an expected operational date in the first half of 2022. The Helena Energy Center consists of the 268MW Helena wind farm and 250MW (AC) Sparta solar PV farm. Orsted has secured contracts […]

March 30, 2021 Read More →

Ovintiv sells Eagle Ford shale assets at steep discount

Bloomberg: Ovintiv Inc., the shale oil producer recently pressed by an activist investor to cut its debt load, agreed to sell drilling rights in South Texas to Validus Energy for $880 million. The price tag is less than one-third of the $3.1 billion Ovintiv paid Freeport-McMoRan Copper & Gold Inc. in 2014 to acquire the […]

March 26, 2021 Read More →

Hunt Energy unit to develop 500MW of battery storage in Texas

Energy Storage News: An energy storage project pipeline of 500MW in Texas’s ERCOT market is being developed by Dallas-headquartered distributed energy resources developer and operator Hunt Energy Network. Hunt Energy Network said that the pipeline consists of distribution-level resources and that 100MW of its projects are already at “advanced stages of development,” and targeted to […]

March 26, 2021 Read More →

Annova cancels planned LNG export terminal in South Texas

Platts ($): Exelon Corp.-backed Annova LNG has scrapped development of a proposed 6.5 million-tonnes-per-year natural gas export facility in South Texas, the operator said in a March 22 statement. The operator, in response to questions from S&P Global Platts, said the decision was the result of “changes in the global LNG market.” The decision to […]

March 23, 2021 Read More →
IEEFA: What the Texas energy crisis means for Bangladesh’s energy security

IEEFA: What the Texas energy crisis means for Bangladesh’s energy security

Greater reliance on LNG imports means Bangladesh will bear climate-related risks of exporting countries, threatening energy security and electricity costs

The energy crisis in Texas has become world news. During extreme winter weather in February, surging electricity demand collided with falling generation, forcing the state’s grid operator to implement rolling blackouts. At its peak, at least 4.5 million Texans were without electricity and more than 80 deaths have been attributed to power losses. The crisis […]

March 22, 2021 Read More →