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IEEFA Research

IEEFA report: India’s stranded asset risk in thermal power sector underestimated

India should cancel many of the worst thermal power plant proposals

December 18, 2019 (IEEFA India) ‒ Several more thermal power stations in India could potentially be classified as stranded assets, finds a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). IEEFA’s report – Seriously Stressed and Stranded: The Burden of Non-Performing Assets in India’s Thermal Power Sector – finds India’s […]

IEEFA Argentina: Oil and gas production in Vaca Muerta, Patagonia awaits direction from new leadership

IEEFA Argentina: Oil and gas production in Vaca Muerta, Patagonia awaits direction from new leadership

Foreign investors hit pause button amidst concerns over political and economic environment

December 5, 2019 (IEEFA) ‒ Efforts by the oil and gas industry to develop Vaca Muerta, Argentina’s vast shale reserves in northern Patagonia, have slowed and in many instances, come to a halt, as the industry awaits direction from the country’s incoming president. Alberto Fernández, who will take office on December 10, has yet to […]

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

Buyer beware

16 August 2019 (IEEFA Australia): Contractors, employees and debtors seeking work with Adani Mining are taking a financial risk with reports of previous contractors being burnt and the listed Indian parent company – Adani Enterprises Ltd – still lacking the financial capacity to deliver on the project, concludes a new briefing note out today. Written […]

IEEFA Australia: BHP to link executive compensation to reductions in emissions generated from the use of its products

IEEFA Australia: BHP to link executive compensation to reductions in emissions generated from the use of its products

Evaluating and reporting Scope 1-3 emissions is a landmark commitment, showing leadership towards implementation of the Paris Agreement

23 July 2019 (SYDNEY)  — BHP Group announced plans today to link company executive compensation to reductions in the total emissions of its product portfolio, with the landmark decision to include Scope 3 emissions – the carbon emissions generated by customers’ use of BHP products like coal, oil and gas. In addition to gas (LNG), […]

July 23, 2019 Read More →

IEEFA update: ‘We Want Sun’ report outlines path forward on Puerto Rican electricity policy

Placing sustainability and self-sufficiency ahead of dependency on imported fossil fuels

Oct. 1, 2018 (IEEFA) — The Institute for Energy Economics and Financial Analysis published a report today in concert with a coalition of Puerto Rican public policy organizations, labor organizations and energy experts detailing the island’s largely untapped possibilities in solar-powered electricity generation. The report “Queremos Sol” (“We Want Sun”)—outlines a power-system transformation that would place sustainability and […]

October 3, 2018 Read More →
IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People

Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

IEEFA Exxon: Telltale Crossover in Late 2014 Marks Where a Major Oil Stock Began to Go South

A Decoupling From the Larger Stock Market 2 Years Ago Portends a Future in Which the World’s Biggest Oil Company Will Be Smaller and Will Not Pay Out as Much in Shareholder Distributions

The world is moving in fits and starts but with gathering momentum toward a more diversified, low-carbon energy mix. The evidence is all around us. One exhibit, of many, is in the report we published this week—“Red Flags on Exxon: A Note to Institutional Investors”—which includes the chart here: ExxonMobil Financial Performance, 2006 – 2015 […]

October 27, 2016 Read More →
IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy; ; Institutional Investors Owe Their Shareholders a Fiduciary Review

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

IEEFA Global: A $51 Billion Gap (and a $51 Billion Opportunity) in BRICS Nations’ Renewable Energy Development

How to Meet the Goal? Through "Blended Finance" Where Public Funds Unleash Private Money

Here, in one chart, is an IEEFA picture worth a thousand words. While some $130 billion was invested last year in renewable-energy development in the BRICS countries—Brazil, Russia, India, China, and South Africa—billions more are required if these countries are to meet their commitments to climate-change mitigation policies. The four countries, in all, have announced […]

October 17, 2016 Read More →

More News and Commentary

Renewable electricity topped fossil generation in EU for first time in 2020

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 […]

January 25, 2021 Read More →

Japan’s Sumitomo reportedly will stop investing in new oil development activities

Reuters: Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday. The move comes as global miners and Japanese trading companies cut their exposure to coal operations, including […]

January 25, 2021 Read More →

Three Polish utilities join forces to develop country’s offshore wind resources

S&P Global Market Intelligence ($): Three of Poland’s state-controlled utilities signed a letter of intent Jan. 18 to cooperate in the development of new offshore wind projects in the Baltic Sea. Under the terms of the cooperation, PGE Polska Grupa Energetyczna SA, Tauron Polska Energia SA and Enea SA will establish a special purpose vehicle […]

January 25, 2021 Read More →

China moving forward with 300MW tidal flat solar project

PV Tech: The first tranches of a 300MW utility-scale solar project built on a coastal tidal flat in China have been connected to the grid. The project, contracted by the 12th Bureau of Hydropower in China, is believed to be the world’s largest solar installation to be built on a tidal flat, spanning more than […]

January 25, 2021 Read More →

Kipeto Energy connects 100MW wind farm to Kenyan power grid

ESI Africa: Kipeto Energy Plc (KEP), today announced it has connected Kipeto wind farm to the national grid and will start generating power in the next week. KEP has connected a 17km (220KV) high voltage transmission line, linking the facility to the national grid at the Isinya Substation, and signaling the start of the go-live […]

January 25, 2021 Read More →

Vattenfall to turn closed Moorburg coal plant into a green hydrogen hub

Bloomberg: Vattenfall AB plans to turn the site of its recently shuttered Moorburg coal power plant in northern Germany into a hub for turning wind and solar power into hydrogen. The Swedish state-owned utility is riding the growing enthusiasm for hydrogen, with many countries seeing the clean fuel as key to a low-carbon economy. Governments […]

January 22, 2021 Read More →

Wood Mackenzie sees solar as cheapest electricity resource worldwide by 2030

PV Tech: Solar is now cheapest form of new electricity in a host of international markets, driven by cost reductions and growth of bifaciality, large-area solar modules and trackers. That is the conclusion of a new report released by analysts Wood Mackenzie, which also forecasts that the cost of solar PV could fall by a […]

January 22, 2021 Read More →

Tampa Electric to close 445MW Unit 3 at Big Bend coal plant in 2023, 18 years early

Florida Politics: Tampa Electric announced this week its plans to double the number of homes it powers by solar energy from 100,000 today to 200,000 by 2023. “These significant milestones are improving the land, water and air for all Tampa Electric customers,” said Nancy Tower, President and CEO of Tampa Electric. “We are saving our […]

January 22, 2021 Read More →

Terna Energy proposes three floating solar projects in Greece totaling 265MW

Renewables Now: Greek renewable power producer Terna Energy is seeking permission to install 265 MW of floating solar plants in artificial reservoirs in central Greece. The company said on Tuesday it has submitted applications with Greece’s Regulatory Authority for Energy (RAE) to get a producer certificate in relation to the three projects. It estimates it […]

January 22, 2021 Read More →

Florida city gives final approval to close 360MW McIntosh Unit 3 coal plant

The Ledger: Lakeland Electric got approval to move forward with decommissioning Unit 3 this March. It has struck a $23.4 million deal to close its power gap. Lakeland commissioners unanimously approved Lakeland Electric’s plan to begin decommissioning McIntosh Unit 3 on March 31, three years ahead of the prior timeframe of fall 2024. This will […]

January 22, 2021 Read More →