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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 […]

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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 →

Small energy companies betting against quick energy transition

Wall Street Journal ($): For all the talk of a transition away from fossil fuels, players in the energy sector are still willing to bet there is more money to be made in oil and coal. Major oil companies such as BP PLC and Royal Dutch Shell PLC are selling billions of dollars of assets […]

April 26, 2021 Read More →

ASEAN renewable energy capacity to double by 2025—HSBC

The Business Times: ASEAN’S renewable capacity is expected to nearly double by 2025, driven by better regulation and lower equipment costs, with Vietnam currently leading the way, according to a HSBC Global Research report. Six key countries in Asean – Vietnam, the Philippines, Thailand, Singapore, Malaysia and Indonesia – added around 24 gigawatts in renewable […]

April 20, 2021 Read More →

Masdar targets Asian solar market in deal with Malaysia’s Petronas

PV Tech: Masdar has signed an agreement with Malaysian state-owned energy firm Petronas to explore the development of large-scale solar projects in Asia and the Middle East. A new memorandum of understanding will see the two companies work together to participate in solar and wind opportunities for utilities as well as commercial and industrial customers, […]

March 12, 2021 Read More →

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 →