Banks & Investors behind the Global Coal Plant Pipeline 2019
Note: This research was done on the basis of the GCEL 2019. New finance data on ALL companies listed on the GCEL 2020 is underway. The update will be published in the first half of February 2021.
Despite global consensus about the need for a timely coal phase-out, new coal plants are still being planned or developed around the world. If built, these projects would add over 500 GW to the global coal plant fleet. 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 (PDF)
Industrial and Commercial Bank of China
| Company Sort descending | Country of HQ | Underwriting (Mio $) | Loans (Mio $) | Grand Total (Mio $) |
|---|---|---|---|---|
| Aboitiz Equity Ventures | 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) | 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 | 100.00 | 100.00 | ||
| Yangquan Coal Industry | China | 338.48 | 338.48 | |
| Yankuang Group | China | 977.76 | 977.76 | |
| YTL Power International | 107.00 | 106.65 | ||
| Yunnan Investment Holdings Group | China | 279.71 | 279.71 | |
| Zhejiang Provincial Energy Group | China | 1,899.34 | 1,899.34 |