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IEEFA
Bloomberg: Renewables are for the first time the dominant power source in Europe’s electric grid. In a year that saw pandemic restrictions sap energy demand across the continent, the drop in supply came mostly from more expensive power from fossil fuels. That helped green sources take the biggest share of the European Union’s generation, a […]
IEEFA
S&P Global Market Intelligence ($): Norwegian electrolyzer-maker Nel ASA wants to reduce the cost of green hydrogen, produced with renewable electricity, to $1.50 per kilogram by 2025 in a bid to outcompete fossil fuel alternatives. Cost reductions will be made by bringing the technology to multi-gigawatt scale and growing production capacity, the company said Jan. […]
Tom Sanzillo and Clark Williams-Derry
For oil majors, rising prices no longer guarantee financial success
By virtually every measure, the global oil and gas industry had a dreadful 2020. Demand slumped; prices sagged; stockpiles swelled; profits evaporated; and, for the fifth time in seven years, the energy sector ended the year in last place in the stock market. Amid this rout, ExxonMobil stood out for its poor performance. The company’s stock lost 40 percent […]
Press Release and Simon Nicholas
Overcapacity, along with increased reliance on expensive coal and LNG imports, threaten to increase the cost of power generation
20 January 2021 (IEEFA Bangladesh): Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA) today. Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation in fiscal year […]
Guest Commentary: Gerard Kreeft
Shows how to pivot from an oil company to an energy company
Last summer, French oil and gas giant Total SE announced a $7 billion impairment charge for two Canadian oil sands projects. This might have seemed like an innocuous move, merely an acknowledgement that the projects hadn’t worked out as planned. Yet it opened a Pandora’s box that could change the way the industry thinks about […]
Press Release and Thu Vu
Great enthusiasm will be met by regulatory, financing and market challenges
19 January 2020 (IEEFA Vietnam): Liquified natural gas (LNG) suppliers and gas power developers looking at making Vietnam an essential LNG market should not expect to replicate the success of renewable energy seen recently in the country, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy […]
Tim Buckley
India risks Rs4 trillion new investment in yet more stranded fossil fuel assets
Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]
Thu Vu and Press Release
Rào cản chính sách, nguồn vốn và thị trường sẽ thử thách các nhà đầu tư
Ngày 19 tháng 1 năm 2021 (IEEFA Vietnam): Trong thời gian vừa qua, Việt Nam đã nhanh chóng nổi lên là một trong những thị trường nhập khẩu khí thiên nhiên hóa lỏng (LNG) cho phát điện tiềm năng nhất ở châu Á. Tuy nhiên, không dễ để điện khí LNG tạo ra bước nhảy […]
IEEFA
Reuters: Spanish power company Naturgy plans to invest up to $1.8 billion in the United States after making its first push into the U.S. market with a deal to buy a solar energy developer, the company said on Friday. Naturgy plans to make the investments over a five-year period, it said, announcing the acquisition of […]
IEEFA
Renewables Now: French energy giant Total SE has signed an agreement with 174 Power Global to create a 50/50 joint venture (JV) aimed at developing 12 utility-scale solar and storage projects for 1.6 GW of combined capacity in the US. Total said Thursday that these projects have been transferred from a pipeline developed by 174 […]
IEEFA: Bangladesh’s power system overcapacity problem is getting worse
Overcapacity, along with increased reliance on expensive coal and LNG imports, threaten to increase the cost of power generation20 January 2021 (IEEFA Bangladesh): Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA) today. Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation in fiscal year […]