U.S. Closes Coal Plants as the Developing World Builds Them

canadafreepress.com | 9/4/2019 | Institute for Energy Research
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U.S. coal plants are closing due to low natural gas prices, state mandates, and federal subsidies for renewable energy, mainly solar power and wind energy. Two coal-fired plants to close by the end of this year are The Navajo Generating Station in Arizona and the Bruce Mansfield coal plant in Pennsylvania—both large coal plants that have been producing power for decades.

The third unit to the Paradise coal plant in western Kentucky is expected to close next year. The Tennessee Valley Authority closed two of Paradise’s three units in 2017. Previously, smaller coal fired plants were retired. In 2015, the United States closed 15 gigawatts of coal-fired capacity—about 5 percent of the coal fleet—which remains a record on coal capacity retirements in one year. In 2018, 14 gigawatts of U.S. coal capacity were retired.

Contrast - Capacity - Plans - Countries - Asia

This is in sharp contrast to the capacity plans of developing countries, particularly in Asia, that are viewing coal, because of its affordability and reliability, as their main option in powering their countries to provide electricity to their population and to improve their economies. India, for example, is building a new large (1,600 megawatt) coal-fired power plant costing nearly $2 billion. Coal to fuel the plant will be imported from Australia’s Carmichael project and the electricity will be exported to nearby Bangladesh. The project has been approved for two loans—a $700 million loan from the state-owned lender that funds power plants and for another $700 million loan from a second state-owned company designed to help electrify Indian villages.

Further, subsidies for coal-fired power plants have almost tripled from just...
(Excerpt) Read more at: canadafreepress.com
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