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“Tidal wave” of new wind and solar will force early coal plant closures, page-2

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Sailor FNQ

19,820 Posts.

24/02/21

22:38

Post #: 51300889
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Originally posted by acorn ↑

" The findings have been detailed in a joint analysis completed by the Institute for Energy Economics and Financial Analysis (IEEFA) and Green Energy Markets, which found that revenues for coal-fired generators could fall by as much as two-thirds by 2025.The analysis found that the amount of new wind and solar investment entering the Australian energy market could exceed many recent projections, and a lack of flexibility on the part of ageing coal generators could see them retired sooner than anticipated.“The market is facing a tidal wave of new supply, much greater than anything government authorities or market analysts forecast or even contemplated just two years ago,” Green Energy Markets’ Tristan Edis said.“The supply added from 2018 to 2025 equates to over a third of the entire demand in the NEM, and more than eight times the annual generation of the Liddell coal-fired power station in NSW.”

https://reneweconomy.com.au/tidal-wave-of-new-wind-and-solar-will-force-early-coal-plant-closures/

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Well what else do you expect when the government throws $70 billion into subsidising this unreliable, non resilient power source?
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