2018-11-01 19:11:24 UTC
The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018:
Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly
Uneconomic”— details how announced capacity retirements for 2018 will likely
total 15.4 gigawatts by the end of the year. It details retirement of 44 units
at 22 plants in more than a dozen states.
“The competitive environment for coal-fired power in the generation
marketplace is becoming ever more challenging as the price of renewables
continues to fall and as natural gas prices are expected to remain low for the
foreseeable future,” said Seth Feaster, and IEEFA data analyst and author of
the report, which sees an additional 21.4GW of coal-fired capacity closing
over the next six years.