Renewables

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.: Testimony shines light on additional problems with Puerto Rico LUMA deal

Grid privatization contract suffers host of issues likely to result in higher prices for islanders

April 6, 2021 (IEEFA) ⎼ New research has revealed major problems in the procurement process that resulted in the selection of LUMA Energy to operate Puerto Rico’s electrical grid, according to testimony given today to a Puerto Rico House of Representatives committee. Tom Sanzillo, director of financial analysis at the Institute for Energy Economics and […]

IEEFA EE. UU.: Testimonio arroja luz sobre problemas adicionales con acuerdo de LUMA de Puerto Rico

El contrato de privatización de la red sufre una serie de problemas que probablemente resultarán en precios más altos para los isleños

6 de abril de 2021 (IEEFA) — Una nueva investigación ha revelado problemas importantes en el proceso de contratación pública que resultó en la selección de LUMA Energy para operar la red eléctrica de Puerto Rico, según testimonios entregados hoy a una comisión de la Cámara de Representantes de Puerto Rico. Tom Sanzillo, director de […]

April 6, 2021 Read More →
IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storage

April 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]

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: What India can learn from Australia’s distributed energy transformation

IEEFA: What India can learn from Australia’s distributed energy transformation

Combining rooftop solar with batteries and electric vehicles is in India's near-future

31 March 2021 (IEEFA India): Policy makers and regulators must build the framework required for combining rooftop solar with battery storage and electric vehicles to meet Prime Minister Narendra Modi’s vision for a sustainable, energy-secure future, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). In addition to the […]

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 Australia: Preparing the grid for a future without coal, blackouts or emissions

IEEFA Australia: Preparing the grid for a future without coal, blackouts or emissions

Re-thinking how a renewables supplied electricity system can work without a reliance on inertia

19 March 2021 (IEEFA Australia): Australia’s electricity grid has always relied on coal-fired power for stability, but with more renewables coming into the mix, that needs to change, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Liddell power station in NSW is closing in 2023, Yallourn in Victoria will […]

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 […]

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IEEFA: Birchwood coal facility closure/redevelopment highlights transition from coal to renewables

IEEFA: Birchwood coal facility closure/redevelopment highlights transition from coal to renewables

Birchwood plant shifts from coal showcase to solar-plus-storage resource

The Birchwood coal facility in Virginia is emblematic of the rapid transition from coal to renewable energy underway in the U.S. Four years ago, General Electric, which owns half of the 242-megawatt (MW) unit, planned to make the facility a showcase of its digital technologies, promising efficiency improvements, reduced emissions and lower costs. Earlier this […]

April 13, 2021 Read More →
IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations

The emerging markets of Bangladesh and Vietnam are alluring for foreign energy companies looking to make money in the region. But these nations stand to lose both economically and environmentally through a pivot from coal to gas. Such a switch risks hindering investment into renewable energy and derailing climate progress across the continent. In Bangladesh, […]

April 13, 2021 Read More →

Battery storage now more cost effective than gas-fired peaker plants, research shows

Renew Economy: Big batteries have emerged as the more effective provider of peaking services within the electricity market, beating out gas generators on cost and effectiveness, new analysis published by the [Australia] Clean Energy Council has argued. Peaking generators play an important role within the electricity system, providing additional supplies of power at short notice […]

April 13, 2021 Read More →

ScottishPower planning solar, storage installation to push green hydrogen development

PV Tech: British energy company ScottishPower is targeting up to 40MW of solar as part of its Green Hydrogen for Scotland project. The company has submitted a planning application for up to 40MW of solar, made up over 62,000 individual solar cells, and up to 50MW of battery energy storage, which would be located on […]

April 13, 2021 Read More →

Nebraska utility Omaha Public Power signs contract for state’s first solar project

Associated Press: Omaha Public Power District has signed a contract to build the state’s first solar power plant in eastern Nebraska, just south of Yutan. The utility signed the contract last week to build an 81-megawatt solar farm on 500 acres of farmland in Saunders County, with construction to begin next year, the Omaha World-Herald […]

April 13, 2021 Read More →

Iberdrola begins construction at hybrid wind, solar project in South Australia

Renewables Now: Spanish utility Iberdrola SA said today it has installed the first turbine at its 317-MW hybrid wind and solar power project in South Australia. The AUD-500-million (USD 381m/EUR 320m) Port Augusta Renewable Energy Park will consist of a 210-MW wind farm and a 107-MW solar park. The project will involve the installation of […]

April 13, 2021 Read More →

Australia grid sets new record for green electricity generation

Renew Economy: Australia’s main grid reached a record level of renewables in its electricity supply, and a record level of wind and solar penetration on Sunday. The peak renewables share appears to have reached 55.9 per cent at 11.05am on Sunday morning, with wind and solar alone providing 53.4 per cent, according to the OpenNem […]

April 12, 2021 Read More →

BlackRock raises $4.8 billion for new renewable energy investment fund

Bloomberg: BlackRock Inc. has raised $4.8 billion for a new fund to invest in renewable power assets around the world – almost double its initial target. The company’s real assets division closed on its third global renewable power fund, drawing money from over 100 institutional investors. It’s the latest sign of increasing interest from investors […]

April 12, 2021 Read More →

Dutch government to invest $401 million in green hydrogen development efforts

Reuters: The Netherlands aims to invest up to 338 million euros ($401 million) in green hydrogen projects as part of its push to meet climate goals, the Dutch government said on Friday. The money, part of a 20 billion euro fund the government announced last year to strengthen the Dutch economy, will finance projects aimed […]

April 12, 2021 Read More →

Masdar, EDF begin construction of 300MW solar farm in Saudi Arabia

PV Tech: A consortium between Abu Dhabi-based Masdar, EDF Renewables and Nesma Holding Company has broken ground on a 300MW PV project in Saudi Arabia. The Jeddah solar plant, located 50km south-east of the city of Jeddah, will feature bifacial modules and single-axis trackers, while robots will be used to clean the modules. Saudi Arabia’s […]

April 12, 2021 Read More →