Energy Markets

IEEFA Research

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 […]

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA: India needs to be ready to ride the energy storage wave

IEEFA: India needs to be ready to ride the energy storage wave

Battery storage, green hydrogen and flexible coal-fired power plants can help India integrate renewable energy into the grid

26 February 2021 (IEEFA India): Battery storage, green hydrogen and flexible coal-fired power generation can help India address its next big challenge of integrating large-scale variable renewable energy into the electricity grid over the next decade, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “The transition to low-cost, variable renewable […]

and February 26, 2021 Read More →
IEEFA Australia: Coal plant closures imminent as renewable energy surges

IEEFA Australia: Coal plant closures imminent as renewable energy surges

Several coal power plants in the National Electricity Market likely to be financially unviable by 2025

24 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]

IEEFA U.S.: Wind surpassed coal as No. 1 fuel source in 2020 for Southwest Power Pool

IEEFA U.S.: Wind surpassed coal as No. 1 fuel source in 2020 for Southwest Power Pool

Wind energy growth due to geography, design factors, and new installations

February 11, 2021 (IEEFA) — Wind surpassed coal as the primary power generation source last year for the Southwest Power Pool (SPP), an independent grid operator that provides electricity for a vast territory stretching from the Texas Panhandle to the Canadian border. An analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) found […]

More News and Commentary

Rooftop solar installations continue at record pace in Australia

One Step Off The Grid: Australia has notched up yet another record for rooftop solar installations, with homes and businesses around the country installing 317MW of systems in March – an all-time high for national monthly installs. The new monthly record was marked in the latest data from industry statisticians, SunWiz, taking the cumulative total […]

April 6, 2021 Read More →

Greece officially closes four lignite-powered plants with 1,200MW of capacity

Ekathimerini.com: Four of the country’s most polluting power production plants are being formally shut down as Greece phases out the use of brown coal, or lignite, in line with European Union environmental protection rules and government pledges for a transition to sustainable energy sources. According to the Athens-Macedonian News Agency (ANA-MPA), energy regulator RAE published […]

April 6, 2021 Read More →

Rosendin, Tokyo Gas begin construction of 500MW solar farm in Texas

PV Magazine: Rosendin’s Renewable Energy Group (REG) and Tokyo Gas America have begun building a 500 MWac/631 MWdc solar power project in Texas. The Aktina Renewable Power Project will be brought online in blocks starting in mid-2021 with energy sold to the Electric Reliability Council of Texas (ERCOT) wholesale market. The facility will include around […]

April 6, 2021 Read More →

IRENA: Record 260GW of renewable energy capacity added worldwide in 2020

ReNews.biz: A record of over 260GW of new renewable energy capacity was installed in 2020, despite the impact of Covid-19, according to new data from the International Renewable Energy Agency (IRENA). IRENA said in its ‘Renewable Capacity Statistics 2021’ report that new capacity in 2020 exceeded expansion in 2019 by close to 50%. More than […]

April 5, 2021 Read More →

Longi, world’s largest solar company, enters hydrogen market

Bloomberg: China’s Longi Green Energy Technology Co., the world’s biggest solar company, is entering the hydrogen market, industry publication Solarzoom reported. Xi’an Longi Hydrogen Technology Co. was registered March 31 in China, according to Solarzoom. Longi’s billionaire founder and president Li Zhenguo is serving as the company’s chairman, and the shareholders are Xi’an Longi Green […]

April 5, 2021 Read More →

Masdar triples size of Uzbekistan wind project to 1.5GW

REVE: Masdar, one of the world’s leading renewable energy companies, has signed an Implementation Agreement with the Government of the Republic of Uzbekistan to extend the capacity of its utility-scale wind farm project – the first such project in Uzbekistan – to up to 1.5 gigawatts (GW). H.E. Sardor Umurzakov, Deputy Prime Minister and Minister […]

April 5, 2021 Read More →

J-Power to convert Virginia coal plant to solar-plus-storage facility

S&P Global Market Intelligence ($): Tokyo-headquartered Electric Power Development Co. Ltd., through its J-POWER USA Development Co. Ltd. unit, and funds managed by affiliates of Fortress Investment Group LLC jointly agreed to convert the 242-MW, coal-fired Birchwood Power Facility in King George County, Va., into a solar generation and energy storage facility, J-Power said in […]

April 5, 2021 Read More →

NextEnergy begins commercial operation at two subsidy-free solar farms in U.K.

PV Tech: Solar investor NextEnergy Capital has energised two new subsidy-free solar farms in the UK, claiming one of these – a 75MWp asset in south Wales – to be the largest constructed PV plant in the country. Llanwern – which is located in Newport, Wales – takes up c.260 acres spread across three separate […]

April 5, 2021 Read More →

Xcel proposes 85% cut in carbon dioxide emissions at its Colorado utility by 2030

S&P Global Market Intelligence ($): Aiming to slash carbon-dioxide emissions 85% by 2030 from 2005 levels, Xcel Energy Inc. on March 31 pitched Colorado energy regulators a sweeping clean energy transition that would accelerate subsidiary Public Service Co. of Colorado’s move away from coal-fired generation by leaning more heavily on new wind, solar and energy […]

April 2, 2021 Read More →

Germany to close 1,514MW of coal-fired generation in second round of phaseout auctions

Reuters: More than 1,500 megawatts (MW) of coal-fired generation will be shut from Dec. 8 this year, Germany’s energy regulator said on Thursday, announcing the results of a second round of auctions designed to cushion the cost of closing polluting plants. Germany has promised to abandon coal by 2038 and achieve a mostly carbon-free energy […]

April 2, 2021 Read More →