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IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

IEEFA: Zero to 60% in 14 years – South Australia’s success in transitioning to renewables

Seven important lessons for energy planners around the globe in transitioning grids from fossil fuels to renewables

3 June 2021 (IEEFA Australia): South Australia offers vital lessons for other jurisdictions transitioning from a fossil fuel-based electricity grid to a low emissions, high renewables grid, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “The proportion of South Australia’s electricity demand met by large scale and small scale variable […]

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 Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA update: Australia’s gas-led recovery is flogging a dead horse

With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking

With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]

November 3, 2020 Read More →
IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors

IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors

Study shows Gladstone’s aluminium smelter crucial in decarbonisation and jobs drive

15 September 2020 (IEEFA Australia) – Australia’s failing aluminium sector could move to low-cost, zero-emissions electricity and invest in plant modernisation to support demand response management supplying local heavy industry, according to a new report from the Institute of Energy Economics and Financial Analysis (IEEFA). Putting a lens on the industrial energy demand hub of […]

and September 14, 2020 Read More →
IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

Fails to include accountability mechanisms for meeting cost, labor, and green energy goals, Sanzillo tells U.S. House Committee

August 4, 2020 (IEEFA U.S.) – In testimony submitted to the U.S. House Committee on Natural Resources, IEEFA’s director of finance Tom Sanzillo warned of significant problems with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement fails to address three major challenges, […]

Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal

February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]

and February 24, 2020 Read More →
IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

Joint Review Panel’s approval was based on inflated oil price projections

January 15, 2020 (IEEFA North America) – The Joint Review Panel (JRP) approved Teck Resources’ proposed Frontier oil sands mine, now under federal government review, based on inflated oil price estimates of $95/barrel or better “for years to come,” which is  “misguided and reckless,” according to a report released today by the U.S.-based Institute for […]

IEEFA update: Australia’s first offshore wind project a step in the right direction, despite the cost

Allows early decommissioning of some of the old, polluting, unreliable units of the two Victorian brown-coal fired stations

5 November 2019 (IEEFA Australia): Australia’s first offshore wind project in Victoria is a step in the right direction despite the over investment, according to a new IEEFA note out today. The ‘Star of the South’ off the coast of Gippsland in Victoria is a massive 2.2 gigawatts of wind capacity proposal and will be […]

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

Bipartisan support is possible; Congressional appropriations will be key

Sept. 29, 2019 (IEEFA) — A bill to encourage federal reinvestment in communities hurt by the closure of the Navajo Generating Station (NGS)-Kayenta Mine complex in Arizona suggests a model that could work for coalfield communities nationally, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—Bill to Spark […]

and September 19, 2019 Read More →

More News and Commentary

IEEFA: Puerto Rico’s electric grid suffers series of setbacks under Luma Energy management

IEEFA: Puerto Rico’s electric grid suffers series of setbacks under Luma Energy management

Power outages and services delays should raise alarms for the future

More than two weeks into its management of Puerto Rico’s electrical system, private contractor LUMA Energy is not off to a good start. Frequent power outages and service delays have tested the patience of an already over-burdened customer base since LUMA Energy took control of the island’s electric system in a privatization switchover on June […]

June 21, 2021 Read More →

Indiana regulators give green light to 195-megawatt solar project

Associated Press: State regulators have approved a deal by utility AES Indiana to build a sprawling solar farm in central Indiana that could generate enough electricity to power more than 30,000 homes. The Indiana Utility Regulatory Commission on Wednesday unanimously approved the project, which will stretch across nearly 1,800 acres in Clinton County, in an […]

June 21, 2021 Read More →

Puerto Rico grid privatization running into problems early and often

Miami Herald: As a flash storm poured over San Juan on June 1, leaders and members of labor unions huddled under a yellow tent in front of the Puerto Rico Electric Power Authority to denounce LUMA Energy, the new private operator of the island’s power grid. “There won’t be peace, there won’t be peace, if […]

June 18, 2021 Read More →

IEEFA: Institutional investors have a major role to play in carbon emissions reduction

IEA Net Zero by 2050 report lays out roadmap for successful economic transition

The recently released International Energy Agency (IEA) roadmap to a net-zero economic transformation by 2050 not only lays out an energy-and-beyond vision, but also sets forth key steps needed to achieve it.  The situation is dire, and the message for institutional investors, particularly public funds, is stark. Maintaining returns that meet financial targets—and protecting the […]

June 15, 2021 Read More →

U.S. on track for record-breaking growth of solar installations

Reuters: U.S. solar installations are on track for record-breaking growth over the next three years, a view that could be challenged by soaring project costs or accelerated by new subsidies championed by the Biden administration, according to an industry report released on Tuesday. In the first quarter, solar installations soared 46% to more than 5 […]

June 15, 2021 Read More →

Queensland state-owned coal plants likely to lose money by 2023-24

Renew Economy: Queensland’s publicly owned coal fired power stations could become a drain on taxpayer funds, with a new assessment finding that some may never again be profitable. A new analysis produced by the Queensland Conservation Council has forecast the profitability of the Queensland government’s owned coal generation businesses, including Stanwell Corporation and CS Energy, […]

June 15, 2021 Read More →

Illinois lawmakers to vote in special session on landmark climate bill

Public News Service: Lawmakers are returning to Springfield for a special session this week for a vote on the Clean Energy Jobs Act, aimed at decarbonizing the economy and bringing clean-energy jobs to Illinois. Jack Darin, director of the Sierra Club Illinois Chapter, said the landmark climate bill was poised to pass at the end […]

June 15, 2021 Read More →

White House plans offshore wind leases in New York and New Jersey

New York Times ($): The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy. The proposed sale, the first of the Biden administration, […]

June 14, 2021 Read More →
IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts

The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]

GenOn to shut down three PJM coal-fired plants next year

E&E News ($): Coal-fired units at three power plants are poised to close over the next year in the largest U.S. electricity market, which is managed by PJM Interconnection LLC. The affected coal-fired generation totals about 2,421 megawatts of capacity, according to GenOn Holdings LLC, which made the announcement this week. The list includes Morgantown […]

June 11, 2021 Read More →