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Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy projects to justify the risk of investing in fossil fuels, as the world moves towards cleaner energy sources.
A University of Oxford study found that over the same period the cost of investing in renewable energy sources, such as windfarms and solar arrays, has tumbled as the clean energy technologies prove they can be cost-effective and lucrative investments.
The research analysed the cost of financing energy projects by tracking the “loan spreads” offered by lenders which determine how high they expect their returns to be to cover the risk of investing.
Investors typically require wind and solar energy projects to make returns of at least 10% to 11% to account for the low risk of the investment. But for investments in coal, returns need to rocket to 40% to justify the rising risk that a high-polluting project might be left stranded as governments ramp up their climate action ambitions.
The report collated financing costs for renewable energy over a five-year period from 2010 to 2014 compared with loan costs between 2015 and 2020. It found that the cost of financing solar farms has fallen by 20%, while the cost of financing onshore and offshore windfarms has fallen by 15% and 33%, respectively.
But investors are demanding higher returns from coal projects, which has caused their financing costs to climb. Loan spreads for power stations and coal mines have increased sharply, at 38% and 54%, respectively.
Source: The Guardian
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Friday, 30 April 21
HIGH-SULPHUR FUEL OIL SALES REBOUND AFTER PRE-IMO 2020 - BIMCO
HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is however still less than a third of high-sulphur fuel sales in Q1 2019, before t ...
Wednesday, 28 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...
Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...
Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...
Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
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- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Heidelberg Cement - Germany
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