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

Iberdrola inks deal for potential 3.5GW of Philippines offshore wind Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. This alliance opens the opportunity for Iberdrola to enter a new […]

January 13, 2022 Read More →

Rystad: Oil industry on track for worst year for discoveries since 1946

The Maritime Executive: Reflecting reduced investment in E&P in the COVID-19 era, the global energy industry is on track to record its worst year for new oil and gas discoveries since 1946, according to the analysts at Rystad Energy.  “Although some of the highly ranked prospects are scheduled to be drilled before the end of […]

December 23, 2021 Read More →

Solar industry warns tariffs threaten almost 30% of new U.S. capacity

Reuters: A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. The Commerce Department is poised to decide by end-September whether to launch a trade investigation into solar cells […]

September 22, 2021 Read More →

Largest floating solar project in Thailand begins commercial operation

PV Tech: A 58.5MW floating PV plant in Thailand, said to be the largest install of its kind in the country, has been connected to the grid, according to inverter and floating solutions supplier Sungrow. Co-located with a hydropower plant, the solar project spans 121 hectares atop a reservoir in the northeast province of Ubon […]

September 17, 2021 Read More →

Thai coal miner buys Texas gas plant in bid to boost clean business

Nikkei Asia ($): Thailand’s biggest coal miner Banpu has invested $430 million to acquire a 100% stake in a large-scale gas-fired power plant in the U.S., hurrying to move away from its main business, which has a large environmental impact, to a green business. The company acquired the power plant in Texas from Temple Generation […]

August 17, 2021 Read More →

Banpu announces end to new coal developments, shift to clean energy

Nikkei Asia: Thailand’s biggest coal producer, Banpu, will no longer start any new coal developments as the company pivots toward green energy, company CEO Somruedee Chaimongkol said in an interview. “We will only produce from our organic reserve that we have,” said Somruedee. “We have no plan to invest more in the coal mine assets.” […]

July 7, 2021 Read More →

PTT subsidiary plans $635 million renewable investment in Asia

Nikkei Asia ($):  The power-generating subsidiary of PTT, Thailand’s state-owned oil and gas group, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, stepping up a shift from fossil fuels to cleaner energy sources. Global Power Synergy said it is borrowing up to 20 billion baht from […]

June 22, 2021 Read More →

Thai coal giant Banpu acquires two solar farms in Australia for $75.4M

Nikkei Asia: Banpu, Thailand’s largest coal company, has moved to acquire two solar farms in Australia as it seeks to boost capacity in this field of renewable energy roughly sixfold by 2025. Banpu announced Tuesday the 97.5 million Australian dollar ($75.4 million) purchase of the power stations with a combined capacity of 166 megawatts from […]

June 9, 2021 Read More →

Japan establishes $10 billion investment and loan bank for ASEAN

Nikkei Asia ($): Japan is preparing to launch a new initiative aimed at helping the 10-member Association of Southeast Asian Nations cut greenhouse gas emissions and realize a decarbonized society. Tokyo will take the lead in compiling a road map to decarbonization, set up a public and private investment and loan facility of $10 billion, […]

May 28, 2021 Read More →

Major NSW coal miner warns of waning Asian financial support

The Australian Financial Review: Asian lenders’ support for Australian coal miners could dry up if local banks are not willing to participate in lending syndicates, according to the NSW coal miner that narrowly avoided a debt default last year. Centennial Coal supplies the feedstock for 30 per cent of NSW’s coal-fired electricity but said the […]

May 4, 2021 Read More →