| ▲ | derriz 3 hours ago | |
The last new coal power plant to come on-line in the US was in 2013 at Sandy Creek - 13 years ago. The last new coal power station built in Australia - Bluewaters Power station was built in 2009 - 17 years ago. In Europe coal's share has dropped from over 40% of generation at its peak in 2007 - about 20 years ago - and has declined to about 9%. Coal's days are over - natural gas is cheaper and more flexible, while solar PV and wind are cheaper. There is of course a large installed base - a coal plant will last 50 years. The fact that developing countries have large installed coal capacity is neither here nor there. | ||