Furthermore, rapidly falling renewables costs are on track to make building new wind and solar farms cheaper than continuing to
run existing coal plants by the mid 2020s.
Today many countries continue to build new coal plants and
run existing coal plants without modern pollution controls, seriously affecting the health of their citizens.
Not exact matches
The economic incentive to shut down a newly built
coal power
plant once it is up and
running would have to be huge and to my knowledge the replacement «green» technology either does not
exist or does not offer the Chinese a large enough incentive to switch.
Lauer says they picked the location, about 50 miles northeast of Detroit in East China Township, because there's
existing natural gas and electric infrastructure and a «great workforce» that's already
running two of the company's
existing coal plants nearby.
Currently, a number of the
existing coal plants are
running at low efficiencies, or have been retired early, in line with the Ministry of Power's strategy for reducing the carbon footprint of the sector.
The base
running costs in $ / megawatt - hour (MWh) for each
coal unit are compared to several competitive energy resources:
existing natural gas combined - cycle (NGCC)
plants, * new NGCC
plants, new wind power facilities, and new utility - scale solar photovoltaic (PV) systems.
Two - thirds of
existing Indian
coal generation is now more expensive than solar or wind generation, and keeping these power
plants running costs India billions every year, according to Greenpeace research comparing CEA 2015 - 2016
coal power generation data to new renewable energy project bids.
Coal supplied 80 % of India's total power mix in 2016 - 2017, but economics have flipped the country's energy equation — new renewable energy is now cheaper to build than running most existing coal - fired power pla
Coal supplied 80 % of India's total power mix in 2016 - 2017, but economics have flipped the country's energy equation — new renewable energy is now cheaper to build than
running most
existing coal - fired power pla
coal - fired power
plants.
The report's authors point out that recent increases in emissions from the EU's
coal - fired power sector are not due to more
coal - fuelled facilities coming on stream, but rather because
existing plants are
running at full capacity.
Rainforest Action Network (
RAN) is going after the banking sector to get them to cut financing of new and
existing coal plants and to fund clean energy projects such as wind and solar.
For example, additional capacity beyond
existing plants is only required by 2020 if power generation growth exceeds 4 % year and
coal plants are
run at utilisation rate of 45 % or less.
Many of the UK's
existing gas - fired power
plants have been mothballed, because they are comparatively more expensive to
run while
coal is so cheap.
«It is clear that China is coming to terms with the fact it does not need any more
coal capacity in a market where
existing plants are not even
running half the time.