Who are the Banks & Investors behind the Global Coal Plant Pipeline?

Despite global consensus about the need for a timely coal phase-out, new coal plants are still being planned or developed in 60 countries around the world. If built, these projects would add over 570 GW to the global coal plant fleet, an increase of 28%. Based on findings of the Global Energy Monitor, the 2019 GCEL identifies 258 Coal Plant Developers, with expansion plans of at least 300 MW. Over half of these companies are not traditional coal-based utilities, and are therefore often missed by financial institutions’ coal exclusion policies.

Together with our partners, Banktrack, Les Amis de la Terre, Re:common and RAN, Urgewald commissioned financial research by the Dutch research institute Profundo to identify the main financiers and investors of these Coal Plant Developers.

We found 505 global banks provided US$ 745 billion for expanding coal power companies through loans or underwriting services from 2017 – Q3 2019. And as of September 2019, 1922 investors are holding bonds and shares worth almost US$ 276 billion in coal plant developers.

Please browse the data below and find more information in our media briefing. A list of all Coal Plant Developers is available for download after login!

Detailed Methodology

 

Choose Bank

Industrial and Commercial Bank of China

China
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Aboitiz Equity Ventures Philippines 11.00 11.00
Anhui Province Energy Group (Wenergy Group) China 33.82 33.82
Beijing Energy Holding China 120.09 23.00 143.02
China Datang Corporation China 472.22 472.22
China Energy Investment Corporation (China Energy) China 2,060.51 2,060.51
China Huadian China 4,273.66 105.00 4,378.66
China Huaneng Group China 2,471.33 2,471.33
China National Coal Group Corp (Chinacoal) China 758.32 758.32
China Resources Power China 115.00 114.74
China Southern Power Grid China 4,346.93 4,346.93
Chongqing Energy Investment Group China 155.78 155.78
Datong Coal Mine Group China 580.43 580.43
Eskom South Africa 188.00 187.71
Fujian Energy Group China 22.08 22.08
Guangdong Energy Group China 97.42 97.42
Guangdong Pearl River Investment Management China 62.00 61.75
Guangxi Investment Group China 798.36 798.36
Hebei Construction & Investment Group China 72.66 72.66
Henan Investment Group China 166.52 166.52
Hub Power Company 150.00 150.00
Jinneng Group China 785.62 785.62
PLN (Persero) Indonesia 252.00 251.55
POSCO South Korea 46.00 46.13
Power Construction Corp of China (Powerchina) China 560.60 135.00 695.60
Shaanxi Coal and Chemical Industry Group China 161.31 161.31
Shaanxi Investment Group China 29.25 29.25
Shandong Energy Group China 279.44 279.44
Shanghai Electric Group Corp China 549.31 549.31
Shanxi Lu'An Mining Industry China 449.46 449.46
Shenergy China 129.06 129.06
Shenzhen Energy Group China 212.25 212.25
State Development and Investment Corporation (SDIC) China 499.37 33.00 532.74
State Grid Corporation of China (SGCC) China 1,658.73 1,658.73
State Power Investment Corporation (SPIC) China 7,754.98 187.00 7,942.33
Tauron Polska Energia Poland 200.00 199.85
Vale Brazil 100.00 100.00
Yangquan Coal Industry China 338.48 338.48
Yankuang Group China 977.76 977.76
YTL Power International Malaysia 107.00 106.65
Yunnan Investment Holdings Group China 279.71 279.71
Zhejiang Provincial Energy Group China 1,899.34 1,899.34

TOTAL (in US$ million)

Loans: 1.713,03
Underwritings: 32.994,82
Grandtotal: 34.707,85