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IEEFA Research

IEEFA update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific

IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific

From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned

July 1, 2020 (IEEFA) – Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as much as 16% during the COVID-19 lockdown, causing extreme stress […]

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

More News and Commentary

Thai company delays decision on $10 billion petrochemical complex in Ohio

The Columbus Dispatch: A Thailand company has again delayed its decision about whether to proceed with a massive petrochemical plant in eastern Ohio, raising more doubts about whether the project will proceed. PTT Global Chemical is conducting another feasibility study of the proposed plant in Belmont County, a review that will delay a final decision […]

November 18, 2020 Read More →
IEEFA update: Peabody Energy flirts with bankruptcy—again
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IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA: Why 2020 is turning out be a pivotal year for fossil fuel exits

The writing is on the wall for coal, and now globally significant financial institutions are starting to shun high risk oil and gas projects

What started as a trickle is turning into a rush for the exit as countries, financial institutions and companies commit to quitting coal – and increasingly oil and gas as well. 2020 to-date has seen 56 global banks, insurers, pension funds and asset managers announce new or expanded coal exit policies – 143 globally significant […]

October 30, 2020 Read More →

Fitch: 10GW of new floating solar possible by 2025

PV Tech: Driven by increased investor interest and a growing project pipeline, utility-scale floating solar installations are set to take off globally over the next few years, a report from Fitch Solutions says. The consultancy estimates that nearly 10GW of new floating solar capacity will be installed in the next five years, with Asian markets […]

October 16, 2020 Read More →

Thai plastics giant Indorama Ventures looks to quadruple renewable energy use in next 10 years

Bloomberg: Indorama Ventures Pcl, the world’s top producer of material used in plastic bottles and polyester, plans to quadruple its use of renewable energy over the next decade as part of efforts to lower greenhouse gas emissions. The Bangkok-based company will increase solar, wind and other renewable energy sources at its more than 120 manufacturing […]

October 9, 2020 Read More →

IEEFA: Southeast Asian banks need to reduce coal risks

More than 138 major financial institutions have exited coal

As the economic crisis linked to COVID-19 grips the world, banks, insurers and asset managers have even more reasons to exit from the riskiest investments in fossil fuels – starting with thermal coal mining and coal power plants. The shift away from excessive reliance on coal power has continued at pace, despite the pandemic, and […]

September 9, 2020 Read More →

Southeast Asian nations set region-wide renewable energy goal of 23 percent by 2025

The ASEAN Post: [The Association of Southeast Asian Nations (ASEAN)] has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 with energy demand in the region is expected to grow by 50 percent. According to the International Renewable Energy Agency (IRENA), this objective entails a “two-and-a-half-fold increase […]

August 26, 2020 Read More →

Thai firm to build 600MW wind farm in Laos, send power to Vietnam

Bangkok Post: SET-listed BCPG Plc, a renewable energy arm of Bangchak Corporation Plc, plans to build Asean’s largest wind farm in Laos to generate revenue from rising demand for electricity. The company announced it will spend US$840 million, around 26.8 billion baht, developing the facility, with a capacity of 600 megawatts, on 400,000 rai in […]

July 29, 2020 Read More →

Planned petrochemical project in Ohio may be on the ropes with departure of South Korean partner

Associated Press: The prospects for construction of a multibillion-dollar petrochemical plant in Ohio appear to have dimmed after a U.S. subsidiary of a South Korean company announced it was withdrawing as a partner in the project. A joint statement issued early Tuesday by Daelim Chemical USA and the U.S. subsidiary of Thailand’s PTT Global Chemical […]

July 16, 2020 Read More →
IEEFA update: Problems mount for PTTGCA petrochemical plant

IEEFA update: Problems mount for PTTGCA petrochemical plant

Request for permit extension raises questions about true risks

New disclosures by Thailand-based PTT Global Chemical America (PTTGCA) regarding its proposed petrochemical plant planned for Belmont County, Ohio, illuminate the financial risks facing the project. Interested citizens, community advocates and elected leaders should understand these risks and the disturbing implications for the future of the community. PTTGCA has delayed this proposed petrochemical plant numerous […]