No Coal Smoke in These Skies
Wind power costs have dropped as utilities have turned to bigger and bigger turbines, which can produce more energy. The largest turbines installed today can produce double the power they could’ve a decade ago, according to the Energy Information Administration, dramatically increasing the amount of power a parcel of land can produce. Wind and solar installation has also gotten more competitive, driving the development of more efficient technology.
The Investment Bank Lazard also noted that wind and solar farms typically require fewer people to run than a coal or nuclear plant, further decreasing their cost.
And, of course, it’s expensive enough trying to save crap coal-generated electricity, you have to add in the cost of bribes to pimps like Trump.
Coal plant closings double in Trump’s 2nd year despite ‘end of war on coal’ https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=48671375&cdid=A-48671375-11561 This is part one of a two-part series in which S&P Global Market Intelligence analyzed federal data to determine the pace of U.S. coal-fired power plant closures and their impact on U.S. coal producers. This installment looks at the domestic utilities that burn coal to generate electricity, while part two focuses on the companies that produce coal for power generators.
Utilities have cited a range of reasons for closing coal plants including higher costs, aging plants, future regulatory uncertainty and public sentiment around the fuel and its contributions to climate change. The trend is expected to continue as aging power plants become increasingly uneconomic, Seth Feaster, an Institute for Energy Economics and Financial Analysis energy analyst, wrote in an October report on coal retirements.