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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1169171)	10/7/2019 6:34:40 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1572178

Solar and wind make coal unprofitable in Japan Recent investments into 11 GW of new coal generation capacity may result in reduced operating cashflows of $71 billion. That will occur, according to a report from the Carbon Tracker Institute, because solar and wind will become cheaper than coal in Japan by 2025 at the latest, despite high renewable energy costs at present. Even in Japan, where the price of solar and wind energy is taking longer to fall than in other mature PV markets, the relentless retreat of renewables costs will undershoot new investment in coal by 2025 at the latest. That is the main conclusion of the Land of the Rising Sun and Offshore Wind study published by financial thinktank the Carbon Tracker Initiative with the University of Tokyo. The authors of the report claim the Strategic Energy Plan and Long-term Strategy for Decarbonization policies recently approved by the government lay the ground for an increasingly important role for renewables – which could mean grim news for the coal industry. The report lists 21 new coal power projects with a combined generation capacity of 11 GW which are being planned, developed or built in Japan and warns several may be doomed to close prematurely and become stranded assets if the Japanese government is serious about its new decarbonization targets.