Energy Markets

IEEFA Research

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

There is no second life for coal

6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]

IEEFA: LNG-to-power investors in the Philippines risk exposure to $14 billion in stranded assets

IEEFA: LNG-to-power investors in the Philippines risk exposure to $14 billion in stranded assets

High regulatory and financial uncertainty in the Philippines market

5 May 2021 (IEEFA Philippines):  The race to develop liquified natural gas (LNG) facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Officials in the Philippines have […]

IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar

IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar

There are other solutions to minimum demand issues in the grid

28 April 2021 (IEEFA Australia): New measures allowing rooftop solar systems in South Australia to be remotely switched off without householders’ knowledge has set a worrying precedent, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). The rooftop solar cut-off measures give energy authorities powers to switch off […]

IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth

IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth

Freeing up India’s ‘on-hold’ renewable energy capacity

7 April 2021 (IEEFA India): Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening investor confidence and threatening the viability of projects, finds a new briefing note from the Institute for Energy […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]

IEEFA: Folly of wasting Australian taxpayer cash on Beetaloo gas 

IEEFA: Folly of wasting Australian taxpayer cash on Beetaloo gas 

Australia’s economic recovery from COVID-19 heading to a 'dead end'

The Australian Government’s obsession with wasting taxpayers’ money on gas is leading Australia’s economic recovery from COVID-19 to a “dead end”, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report finds that all indicators show Australian consumers and the country’s main export customers will use less gas […]

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →
IEEFA: Renewables should be focus of Vietnam’s Draft PDP8, not coal and gas

IEEFA: Renewables should be focus of Vietnam’s Draft PDP8, not coal and gas

Evidence was clear to inform the next stage of Vietnam’s power development

11 March (IEEFA Vietnam): Vietnam’s recently published draft power development plan for 2021-2030 (PDP8) has failed to acknowledge the importance of developing a more flexible system that can accommodate a changing technology mix, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “After a decade filled with disappointments from […]

More News and Commentary

BLM approves Crimson Solar Project in California desert

Associated Press: The federal Bureau of Land Management has given final approval for a solar power plant on public lands in the southeastern California desert, the Interior Department said Monday. The Crimson Solar Project, which includes a 350-megawatt energy storage system, could supply enough power for 87,500 homes, the department said. The approval comes amid […]

May 4, 2021 Read More →

Ørsted announces expansion into Vietnam offshore wind market

Vietnam Investment Review: Ørsted, a Danish majority state-owned energy company has announced its office opening in Vietnam with the goal of contributing to Vietnam’s green energy transition alongside local partners. It also committed to building a local team to explore promising investment opportunities around the country. Ørsted is also working diligently with government authorities and […]

May 4, 2021 Read More →

FERC focus under Biden shifts to climate risk, environmental justice

S&P Global Platts ($): US President Joe Biden’s first 100 days have brought a shift at a key independent regulator with oversight over energy markets and interstate gas pipelines, thrusting a Democrat with a strong interest in climate into a leadership position. Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with […]

May 3, 2021 Read More →

Tata ponders USD$473 million IPO for renewable business

Bloomberg ($): Tata Power Co., controlled by India’s largest conglomerate Tata Group, is weighing an initial public offering for its renewable energy business that could raise about 35 billion rupees ($473 million), according to people familiar with the matter. The power company has abandoned earlier plans to seek a partner to invest in its green […]

May 3, 2021 Read More →

European renewable demand surged during 2020 despite pandemic

T&D World: “Renewable energy demand has grown by an impressive 8% from 2019 to 2020, during a year where energy consumption and industry output has slumped across most of Europe,” says Tom Lindberg, the managing director at ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). Lindberg suggests that a paradigm shift […]

May 3, 2021 Read More →

Victoria targets halving CO2 emissions by 2030

The Guardian: The Victorian government has promised to cut the state’s greenhouse gas emissions by 50% by 2030, in an announcement of long-awaited climate targets that outstrip commitments made by the Morrison government. The plan, announced on Sunday, will see Victoria power all government-owned enterprises, including schools and hospitals, by renewables by 2025. The plan […]

May 3, 2021 Read More →

Huge Ugandan oil deposits face development risks from transition

S&P Global Platts ($): Uganda’s long-delayed maiden oil project took a vital step to becoming more than a pipe dream this month but risks still hang over hopes of new export flows from East Africa. France’s Total inked the final pipeline deals needed to unlock its multibillion-dollar Lake Albert oil discoveries, and first oil is […]

April 30, 2021 Read More →
IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar
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IEEFA: Regulatory over-reach in South Australia’s switch-off of household solar

There are other solutions to minimum demand issues in the grid

28 April 2021 (IEEFA Australia): New measures allowing rooftop solar systems in South Australia to be remotely switched off without householders’ knowledge has set a worrying precedent, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). The rooftop solar cut-off measures give energy authorities powers to switch off […]

IEEFA: Whitehaven’s Vickery coal folly

Company’s shareholder wealth destruction is extreme and ongoing

Whitehaven Coal has long set its strategic direction on the implicit assumption that the world would fail to deliver on the Paris Agreement. Its investor communications and Board strategies have largely ignored and more recently downplayed this key financial and strategic risk. The financial market however is not so blind. The shares of Whitehaven Coal […]

April 28, 2021 Read More →
IEEFA Guyana: Despite contract terms that heavily favor ExxonMobil, missteps continue to plague productivity and drag down returns

IEEFA Guyana: Despite contract terms that heavily favor ExxonMobil, missteps continue to plague productivity and drag down returns

ExxonMobil announces production cuts and improved financials – transparency needed

ExxonMobil Guyana ended the year with good news – local operations reached maximum capacity of 120,000 bpd by end of December. The progress was unsustainable; by April announcements came that production would be cut by 75%. On the heels of December’s good news, the Guyanese government posted the results from its fifth oil lift in […]

April 26, 2021 Read More →