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IEEFA Research

IEEFA Australia: Ahead on solar, woefully behind on distributed energy resource standards

IEEFA Australia: Ahead on solar, woefully behind on distributed energy resource standards

Making the right technical decisions about DER

Despite being ahead on rooftop solar installs, Australia is behind other jurisdictions (like Germany and California) in putting sensible governance arrangements in place for distributed energy resource (DER) technical standards. DER technical standards – covering smart devices including rooftop solar systems, air conditioners, electric vehicle (EV) chargers, pool pumps and the like – are designed […]

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

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 U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

Enchant Energy’s carbon capture project is significantly behind schedule as it struggles to secure investors

May 27, 2021 (IEEFA) – Enchant Energy and the City of Farmington have failed to convince potential investors that retrofitting New Mexico’s San Juan Generating Station for carbon capture is financially viable, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).  The project, which has yet to secure the funds […]

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

Huge consulting fees highlight systemic problems with reform of island utility

April 29, 2021 (IEEFA) ⎼ The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released today by the Institute for Energy Economics and […]

IEEFA: Consultores listos para ganar más de $1,000 millones de la corporación de servicios públicos de Puerto Rico en bancarrota

Las enormes comisiones de consultoría ponen de relieve los problemas sistémicos con la reforma de la utilidad de la isla

29 de abril de 2021 (IEEFA) – La transformación y reestructuración financiera de la Autoridad de Energía Eléctrica de Puerto Rico en bancarrota ha generado más de $440 millones en contratos de consultoría durante los últimos siete años y podría costar a los residentes de la isla más de $1,000 millones antes de su finalización, […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

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 […]

More News and Commentary

Evergy plans to add 1,000 megawatts of wind power by end of 2026

Kansas City Business Journal: Evergy Inc.’s efforts to shift away from coal-fired power plants in favor of renewable energy sources got a boost on Monday. The Kansas City-based utility released a request for proposals to purchase up to 1,000 megawatts of wind energy [PDF] that could be in service by the end of 2026 or […]

October 19, 2021 Read More →

Iberdrola to spend $8.2 billion on East Anglia offshore wind project

Reuters: Global wind power leader Iberdrola (IBE.MC) will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, […]

October 19, 2021 Read More →

EDP plans to invest $13 billion in UK wind and solar projects by 2030

Reuters: Power distribution company WEL Networks and renewables developer Infratec are in the final stages of assessment for what will be New Zealand’s first utility-scale battery energy storage Power company Energias de Portugal (EDP.LS) (EDP) plans to invest 12.86 billion pounds ($17.65 billion) in wind and solar projects in Britain by 2030 as the country […]

October 19, 2021 Read More →

Battery retrofit for solar plant to boost Vietnam renewable projects

Energy Storage News: A battery energy storage system (BESS) will be retrofitted to a utility-scale solar PV power plant in Vietnam, in a pilot project aimed at supporting the spread of renewable energy in the country while reducing power losses.  A grant for US$2.96 million has been awarded by the US Consulate General in Ho […]

October 18, 2021 Read More →
IEEFA: Despite higher coal prices, U.S. coal recovery looks weak by most measures

IEEFA: Despite higher coal prices, U.S. coal recovery looks weak by most measures

U.S. coal sector is locked into a long-term sectoral decline

Coal prices have surged to the highest level in years in the U.S., and have soared in international markets. These high prices should significantly boost revenues and profits at coal mining companies—a remarkable turnaround from just a year ago, when the world’s pandemic-induced economic swoon sent export prices and demand tumbling. Yet by most measures—including […]

October 15, 2021 Read More →

Construction begins on 1.6 gigawatt solar farm in Indiana—largest in U.S.

WISHTV.com: Israel-based Doral Renewables LLC has broken ground on the first phase of a $1.5 billion solar farm in Starke and Pulaski counties. The developer says the 1.65 gigawatt Mammoth Solar project will create 50 full-time jobs by 2023 and ultimately generate enough clean energy to power 175,000 homes in Indiana and Illinois. The first […]

October 15, 2021 Read More →

Oregon utility PGE looking to add 2GW of renewable energy

ReNews.biz: U.S. utility Portland General Electric (PGE) has unveiled plans to source up to 2GW of renewable energy to help meet a target of reducing greenhouse gas (GHG) emissions from power served to customers by at least 80% by 2030, 90% by 2035 and zero by 2040. The company has initiated a request for proposals […]

October 15, 2021 Read More →
IEEFA U.S.: Southern Company demolishes part of the $7.5 billion Kemper power plant in Mississippi

IEEFA U.S.: Southern Company demolishes part of the $7.5 billion Kemper power plant in Mississippi

Kemper plant is a cautionary tale of runaway costs and failed promises

Two explosions rocked the Kemper power plant on Saturday as can be seen from footage posted on Twitter. The images dramatize the demise of a “clean coal” project that eventually ballooned in cost from an estimated $3 billion to $7.5 billion.  Driven by hubris and greed, and despite repeated warnings about the risks involved in […]

October 14, 2021 Read More →

Michigan utility DTE moves up closure of Belle River coal plant to 2028

The Detroit News: DTE Energy Co. said Wednesday it will stop burning coal in its Belle River Power Plant in St. Clair County’s China Township in 2028, two years earlier than originally planned, in response to a U.S. Environmental Protection Agency policy change. The move, according to the Detroit-based utility company, means it can accelerate […]

October 14, 2021 Read More →

IEEFA Update: India and Australia’s richest race to net zero by 2030

Global finance is aligning with industry leaders

It appears that Reliance Industries’ Mukesh Ambani and Fortescue Metals Group’s Andrew Forrest have drunk the same cool-aid as the Chair of the biggest asset manager in the world, BlackRock’s founder Larry Fink. The richest man in India set his firm towards a net-zero emissions by 2035 pledge in June 2021 while Australia’s Andrew Forest […]

October 12, 2021 Read More →