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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.: 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: 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: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

The key domestic and international institutions driving renewable energy growth in India

16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]

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 […]

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

Combined-cycle plants would be forced to retire well before end of operating life to meet 2050 net-zero goal

January 26, 2021 (IEEFA) — A pair of integrated resource plans (IRPs) for Duke Energy’s two North Carolina utilities rely heavily on the construction of gas-fired power plants that would have to be retired long before the end of their life span, according to a new report by the Institute for Energy Economics and Financial […]

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade

3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report 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 →

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 →

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 →

Norway’s Statkraft to build three wind farms in Chile

Re.News.biz: Norwegian energy company Statkraft has unveiled plans to build its first wind farms in Chile, comprising the three-project 102MW Torsa complex. Construction at Torsa, which will feature 19 Nordex N163/5.X machines, will start in the second half of this year. The three wind farms are called Cardonal, Manantiales and Los Cerillos and will be […]

April 12, 2021 Read More →
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IEEFA webinar: What’s wrong with Duke Energy’s plans for new gas-fired power plants in the Carolinas?  

Lessons may apply to other parts of the U.S. planning new gas investments and sidestepping renewables

Discover how Duke Energy’s Carolina integrated resource plans (IRPs) over-rely on gas-fired generation while largely ignoring renewables-based options ⎼ a recurring oversight in utility planning efforts in the U.S. Log in Thursday, April 15th at 1:00 p.m. EDT for an accessible deep-dive with IEEFA energy analyst Dennis Wamsted who will explore current plans and discuss alternatives. Drawing on an in-depth […]

Ireland to close its only coal plant, convert site to offshore wind hub

Silicon Republic: The [915 megawatt Moneypoint] coal-burning power plant in Co Clare will be transformed into a renewable energy site over the next decade. A 1,400MW floating offshore windfarm, a turbine construction hub and a hydrogen production facility are among the plans to transform ESB’s Moneypoint site into a green energy hub. Today (9 April) […]

April 9, 2021 Read More →

Dutch firm Eneco plans to double solar, wind portfolio by 2025

PV Tech: Dutch energy firm Eneco is aiming to ramp up its solar energy portfolio in both the Netherlands and Belgium as part of an updated strategy aimed at accelerating the energy transition. After adding 202MW of renewables in 2020, the company is looking to double its solar and wind capacity to 2.5GW in the […]

April 9, 2021 Read More →