News dalla rete ITA

25 Febbraio 2021

Australia

“TIDAL WAVE” OF NEW WIND AND SOLAR WILL FORCE EARLY COAL PLANT CLOSURES

Many of Australia’s coal-fired generators are facing unplanned and early retirements as revenues fall to unsustainable levels, according to a new analysis that finds a surge in wind and solar investment is pushing coal out of the electricity market. 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 report estimated that as much as 8GW of utility scale solar, 12GW of wind, and 22GW of rooftop solar would be operating across the National Electricity Market by 2025, accelerating the exit of some of the state’s oldest coal generators. The growth in low marginal cost wind and solar generation will see generators with more expensive fuel costs, like coal and gas, pushed out of the market due to the National Electricity Market’s merit order effect. The good news for consumers is that the effect will also see less generation being provided by the more expensive sources of electricity and will help drive electricity prices lower for consumers. (ICE SYDNEY)


Fonte notizia: RenewEconomy