With investors requiring a rate of return of around 40 per cent, it effectively makes new coal-fired generators uninvestable, as even the best performing coal projects cannot achieve that level of profitability.
I read an article yesterday, where India oppened up its in-country coal sector to foreign investors earlier this year - to date, not one interested party. Can see why in the below article;
https://reneweconomy.com.au/the-chart-that-shows-why-the-market-for-new-coal-generators-is-dead-29068/
Good News & Bad News, page-3104
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