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!
Industrial and Commercial Bank of China
| Company Sort descending | Country of HQ | Underwriting (Mio $) | Loans (Mio $) | Grand Total (Mio $) | Year |
|---|---|---|---|---|---|
| Aboitiz Equity Ventures | Philippines | 11,00 | 11,00 | All years | |
| Anhui Province Energy Group (Wenergy Group) | China | 33,82 | 33,82 | All years | |
| Beijing Energy Holding | China | 120,09 | 23,00 | 143,02 | All years |
| China Datang Corporation | China | 472,22 | 472,22 | All years | |
| China Energy Investment Corporation (China Energy) | China | 2.060,51 | 2.060,51 | All years | |
| China Huadian | China | 4.273,66 | 105,00 | 4.378,66 | All years |
| China Huaneng Group | China | 2.471,33 | 2.471,33 | All years | |
| China National Coal Group Corp (Chinacoal) | China | 758,32 | 758,32 | All years | |
| China Resources Power | China | 115,00 | 114,74 | All years | |
| China Southern Power Grid | China | 4.346,93 | 4.346,93 | All years | |
| Chongqing Energy Investment Group | China | 155,78 | 155,78 | All years | |
| Datong Coal Mine Group | China | 580,43 | 580,43 | All years | |
| Eskom | South Africa | 188,00 | 187,71 | All years | |
| Fujian Energy Group | China | 22,08 | 22,08 | All years | |
| Guangdong Energy Group | China | 97,42 | 97,42 | All years | |
| Guangdong Pearl River Investment Management | China | 62,00 | 61,75 | All years | |
| Guangxi Investment Group | China | 798,36 | 798,36 | All years | |
| Hebei Construction & Investment Group | China | 72,66 | 72,66 | All years | |
| Henan Investment Group | China | 166,52 | 166,52 | All years | |
| Hub Power Company | 150,00 | 150,00 | All years | ||
| Jinneng Group | China | 785,62 | 785,62 | All years | |
| PLN (Persero) | Indonesia | 252,00 | 251,55 | All years | |
| POSCO | South Korea | 46,00 | 46,13 | All years | |
| Power Construction Corp of China (Powerchina) | China | 560,60 | 135,00 | 695,60 | All years |
| Shaanxi Coal and Chemical Industry Group | China | 161,31 | 161,31 | All years | |
| Shaanxi Investment Group | China | 29,25 | 29,25 | All years | |
| Shandong Energy Group | China | 279,44 | 279,44 | All years | |
| Shanghai Electric Group Corp | China | 549,31 | 549,31 | All years | |
| Shanxi Lu'An Mining Industry | China | 449,46 | 449,46 | All years | |
| Shenergy | China | 129,06 | 129,06 | All years | |
| Shenzhen Energy Group | China | 212,25 | 212,25 | All years | |
| State Development and Investment Corporation (SDIC) | China | 499,37 | 33,00 | 532,74 | All years |
| State Grid Corporation of China (SGCC) | China | 1.658,73 | 1.658,73 | All years | |
| State Power Investment Corporation (SPIC) | China | 7.754,98 | 187,00 | 7.942,33 | All years |
| Tauron Polska Energia | Poland | 200,00 | 199,85 | All years | |
| Vale | Brazil | 100,00 | 100,00 | All years | |
| Yangquan Coal Industry | China | 338,48 | 338,48 | All years | |
| Yankuang Group | China | 977,76 | 977,76 | All years | |
| YTL Power International | Malaysia | 107,00 | 106,65 | All years | |
| Yunnan Investment Holdings Group | China | 279,71 | 279,71 | All years | |
| Zhejiang Provincial Energy Group | China | 1.899,34 | 1.899,34 | All years |