Energy Markets

IEEFA Research

IEEFA: High stakes for Asian Development Bank’s ambitious coal power retirement plan

IEEFA: High stakes for Asian Development Bank’s ambitious coal power retirement plan

Implementation challenges could block funding for other equally important high impact clean energy funding strategies

24 September 2021 (IEEFA Asia): In the lead up to the United Nations Climate Change Conference COP26, the Asian Development Bank (ADB) announced a plan to speed up the retirement of high emissions coal-fired power plants in Southeast Asia. This announcement sets the stage for a transformation of the Asian multilateral development bank’s (MDB) role […]

IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

Overly optimistic claims about financial, economic and environmental benefits of LNG

Sept. 23, 2021 (IEEFA) – A recent white paper sponsored by the U.S. Agency for International Development (USAID) promotes the benefits of liquefied natural gas in the Philippines. The report, however, is based on questionable assumptions about global LNG prices, long-term demand and market viability of U.S. exports to price-sensitive countries in Asia, according to […]

and September 23, 2021 Read More →
IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →
IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

Energy Ministers and the energy industry should reject the ESB capacity mechanism proposal

21 September 2021 (IEEFA Australia): The Energy Security Board’s (ESB) proposal for consumers to pay conventional generators such as coal and gas an extra fee for their capacity, not just the actual power they produce, should be rejected by Energy Ministers at a forthcoming meeting this Friday argues a new report prepared by energy market […]

IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs

IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs

The government is increasing issuance of gas exploration permits in the offshore sector ignoring risks imposed by global decarbonisation

20 September 2021 (IEEFA Australia): Increasing issuance of exploration permits over production, the Australian government has given the green light to oil and gas giants including Santos and Woodside to potentially spend $AUD5.1 billion throughout the next six years on risky offshore exploration activities despite industry-low success rates and the global energy transition, finds a […]

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

Orsted transitioned from a coal intensive utility to a global renewable energy leader creating immense shareholder wealth

17 September 2021 (IEEFA India): Orsted, the once Danish state-owned utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive […]

IEEFA India: Proposed power market reforms could reduce renewable energy costs further

IEEFA India: Proposed power market reforms could reduce renewable energy costs further

Increased competition will raise the stranded asset risk for expensive coal plants

9 September 2021 (IEEFA India): Two proposed reforms to the design of India’s electricity market – a national system of market-based economic dispatch (MBED) for procuring bulk power and new regulations for Frequency Control Ancillary Services (FCAS) – are positive developments that will help pave the way for the rollout of large-scale, ultra-low cost variable […]

and September 9, 2021 Read More →
IEEFA: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic

IEEFA: The economics of Indonesia’s diesel power plant to gas conversion plan are problematic

Deploying new small-scale LNG is an uphill battle for PGN

26 August (IEEFA Indonesia): Indonesian gas is currently in a precarious position, where the government needs to find new domestic demand to absorb surplus gas coming into the market amidst expiring export contracts. According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) new report, small-scale liquefied natural gas (ssLNG) has been re-proposed in […]

IEEFA Australia: Hit to power bills from coal bail-out plan

IEEFA Australia: Hit to power bills from coal bail-out plan

Energy Security Board’s unnecessary $2.9 - $6.9 billion payment for power station capacity will come at a high cost to consumers

20 August 2021 (IEEFA Australia): Households may soon face a new charge on their power bills – potentially double that from the carbon price – if Energy Ministers agree to a proposal for a new capacity payment to power companies, according to a new report prepared by the Institute for Energy Economics and Financial Analysis […]

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

IEEFA Australia: Reviewing access, pricing and incentive arrangements for distributed energy resources

Planning must begin for a zero-inertia zero-emissions electricity system

The Australian Energy Market Commission (AMEC) has sought assistance to make distributed energy resources an integrated part of the national electricity market (NEM) for the benefit of everyone. When the NEM operating on the east coast of Australia was designed, there was almost no rooftop solar or other small generation, demand response or storage in […]

More News and Commentary

Manufacturers trade group asks government to curb LNG exports

S&P Capital IQ ($): A manufacturers trade group urged the U.S. Department of Energy to order U.S. LNG producers to curb exports of the fuel, warning of potential winter price spikes and supply shortages. “We urge you to take immediate action under the Natural Gas Act to prevent a supply crisis and price spikes for […]

September 21, 2021 Read More →
IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs
, and

IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs

The government is increasing issuance of gas exploration permits in the offshore sector ignoring risks imposed by global decarbonisation

20 September 2021 (IEEFA Australia): Increasing issuance of exploration permits over production, the Australian government has given the green light to oil and gas giants including Santos and Woodside to potentially spend $AUD5.1 billion throughout the next six years on risky offshore exploration activities despite industry-low success rates and the global energy transition, finds a […]

Sweden’s Vattenfall moves net zero pledge forward to 2040

Reuters: Swedish energy company Vattenfall said on Monday it increased its emission reduction goals for 2030 and brought forward its net zero target by 10 years to 2040, by phasing out coal and increasing wind and solar capacity. “The climate crisis is for real and not only do we have a responsibility to step up […]

September 20, 2021 Read More →

Lightsource BP secures $1.8 billion in funding for 25GW by 2025 solar buildout

ReNews.biz: Global solar player Lightsource BP has secured a new $1800m credit and trade finance facility that it said will help fuel a new growth strategy of developing 25GW by 2025. The funding, provided by ten global financial institutions, underpins its execution strategy to accelerate the deployment of solar across the EMEA, Americas and Asia […]

September 20, 2021 Read More →

Vineyard Wind proposes two new offshore wind projects in Massachusetts

S&P Global Market Intelligence ($): Vineyard Wind said Sept. 16 that it submitted two proposals to build an offshore wind project off the coast of Massachusetts. The project, named Commonwealth Wind, is another joint venture between Avangrid Inc. subsidiary Avangrid Renewables LLC and Copenhagen Infrastructure Partners K/S of Denmark. Iberdrola SA is Avangrid’s parent company. […]

September 20, 2021 Read More →

Main Australian electric grid tops 60 percent renewable generation level

Renew Economy: Records continued to tumble on Australia’s main electricity grid on Monday, with the share of renewable energy smashing through 60 percent for the first time, just a day after it had set a new record of 59.8 percent. According to Dylan McConnell, from the Climate and Energy College in Melbourne, and using data […]

September 20, 2021 Read More →

GE, partners study cost-saving potential in 3D printing offshore wind turbine components

Power Engineering International: GE Renewable Energy, Fraunhofer IGCV and voxeljet have announced a research partnership to develop what is claimed to be the world’s largest 3D printer for offshore wind applications. The Advance Casting Cell (ACC) 3D printer is currently under development and aims to streamline the production of key components of GE’s Haliade-X offshore […]

September 20, 2021 Read More →
IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies
and

IEEFA: Orsted’s transition provides key insights for India’s public utilities and renewable energy companies

Orsted transitioned from a coal intensive utility to a global renewable energy leader creating immense shareholder wealth

17 September 2021 (IEEFA India): Orsted, the once Danish state-owned utility, transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy transition journey and provides key insights for India’s massive […]

IEEFA Update: Finding the right fit for LNG in Vietnam’s energy landscape

IEEFA Update: Finding the right fit for LNG in Vietnam’s energy landscape

Investors and regulators in search of common ground

The stars appeared to have aligned spectacularly for a rush to create demand for liquefied natural gas (LNG) in Vietnam’s growing energy market. The government’s determined pivot away from polluting coal, a pressing need to find cleaner baseload-like alternatives, and the perception that gas-fired power systems are the perfect complement to the expanding yet intermittent […]

September 17, 2021 Read More →

Dominion to add record-setting 1,000MW of solar, battery storage in Virginia service territory

E&E News ($): Dominion Energy Inc., Virginia’s largest electric utility, is planning to develop a record level of new solar and energy projects in the state, according to a statement yesterday. In a filing with the Virginia State Corporation Commission, the company proposed a total of 15 solar and energy storage projects: 11 utility-scale solar […]

September 17, 2021 Read More →