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Planned coal power capacity drops for 4th year in a row

- Global coal power under development in 2019 declined 16% compared to previous year, report shows

home > Coal 26.03.2020 12:38 Nuran Erkul

Planned coal power capacity drops for 4th year in a row

Global planned coal power capacity has been decreasing for the fourth year in a row while China insists on growing its coal fleet, a new report unveiled Thursday.

The report, Boom and Bust 2020: Tracking the Global Coal Plant Pipeline, the fifth annual survey of the investments for coal plants in the world prepared by Global Energy Monitor, Greenpeace International, the Sierra Club and the Centre for Research on Energy and Clean Air, revealed that the number of coal-fired power plants under development worldwide dropped steeply in 2019.

The number of coal plants under construction and in pre-construction development saw a decrease of 16% in 2019 compared to the previous year.

It also remarked a decline of 66% last year compared to 2015 levels.

Despite the decline in the development, the global coal fleet grew 34.1 gigawatts (GW) in 2019 which was the first increase in net capacity additions since 2015.

According to the report, nearly two-thirds of the newly commissioned capacity was in China.

"Global power generation from coal fell by a record amount in 2019, as renewable energy grew and power demand slowed down," said Christine Shearer, lead author and Director of Global Energy Monitor’s Coal Program.

"Regardless, the number of new plants added to the grid accelerated, meaning that the world’s coal plants were operated a lot less – more plants generating less power. For banks and investors that continue to underwrite new coal plants, this means weakened profitability and increased risk," she noted.

- A new wave of coal plants in China could emerge after coronavirus

Lauri Myllyvirta, lead analyst at the Center for Research on Energy and Clean Air, stated that the coal power lobby in China is pushing for hundreds of new coal-fired power plants by 2030 which is starkly at odds with China’s pledge to be a contributor in the fight agains climate change.

"As policymakers look for ways to stimulate the economy after the coronavirus crisis, a wave of new coal plants would be the worst kind of waste. Both China’s climate pledges and the increasing competitiveness of clean energy technologies mean that clean energy installations will accelerate, leaving no space for coal-fired generation to grow,” he said.

The report also revealed that within the members of the Organization for Economic Cooperation and Development (OECD), coal power capacity has been declining since 2011.

Nearly half of the retired coal power capacity in 2019 was in the U.S., the second highest on record.

Under the President Donald Trump, the U.S. coal plant retirements have increased 67% compared to Barack Obama’s presidential period.

Retirements averaged 8.2 GW a year during Obama’s tenure between 2009–2016, and 13.7 GW a year during Trump’s tenure 2017–2019, according to the report.

- Japan is increasing coal capacity in and out of its borders

As the U.S. and European Union move away from coal, Japan is now the biggest driver of new coal power in the OECD, said in the report.

Japan has 11.9 GW of coal power under development domestically that would increase lifetime carbon dioxide emissions from its existing coal fleet by 50%.

Outside its borders, Japanese public finance is behind 24.7 GW of coal power, larger than the coal fleet of Australia which is 24.4 GW.

"Though coal is still advancing in some Asian countries, the rest of the world is clearly seeing an overall decline in the coal fleet. This is an international trend that is only going to continue," said Gyorgy Dallos, Global Strategist for Greenpeace International.

The report also said that even with the fall in coal plant development in 2019, the world is not on track for the steep reductions in coal power necessary to meet the Paris climate agreement.

Coal power use needs to fall 80% by 2030 to keep global warming below 1.5°C, according to the Intergovernmental Panel on Climate Change, and the United Nations has called for 2020 to be the global end date for new coal plant proposals.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr


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23.06.2020 Coal , Stock Market , Turkey

Turkey's daily power consumption up 15.5% on June 22

- Turkey's electricity exports amount to 854 megawatt-hours, while imports total 12,725 megawatt-hours
23.06.2020 Coal , Turkey

Turkey's daily power consumption down 9.4% on June 21

- Turkey's electricity exports amount to 954 megawatt-hours, while imports total 11,448 megawatt-hours
22.06.2020 Electricity , Thermal , Coal

Spot market electricity prices for Saturday, June 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 130.20 million Turkish liras
19.06.2020 Electricity , Thermal , Coal

Spot market electricity prices for Friday, June 19

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 140.42 million Turkish liras
18.06.2020 Coal , Stock Market , Turkey

Turkey's daily power consumption up 1.7% on June 17

- Turkey's electricity exports amount to 1,398 megawatt-hours, while imports total 8,831 megawatt-hours
18.06.2020 Coal , Turkey

Turkey's daily power consumption down 0.16% on June 11

- Turkey's electricity exports amount to 518 megawatt-hours, while imports total 12,232 megawatt-hours
13.06.2020 Electricity , Coal

US electricity demand in summer to be lowest since 2009

- Most expected decline in electricity sales to occur in commercial and industrial sectors due to COVID-19
11.06.2020 Coal , Americas

Dozens of coal mine workers trapped in Afghanistan

- Mine in Samangan collapsed following blast at noon local time, casualties feared
10.06.2020 Coal , Middle East-Africa

Turkey's daily power consumption up 7.3% on June 8

- Turkey's electricity exports amount to 1,016 megawatt-hours, while imports total 9,358 megawatt-hours
09.06.2020 Thermal , Coal , Electricity

Turkey's daily power consumption down 2.35% on June 6

- Turkey's electricity exports amount to 1,764 megawatt-hours, while imports total 15,009 megawatt-hours
07.06.2020 Coal , Turkey

Turkey's local, renewable electricity production at 66%

- Turkey targets more local and renewable resources for power generation, Turkey's energy minister says
04.06.2020 Electricity , Renewable , Coal , Turkey

Spot market electricity prices for Tuesday, June 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 141.11million Turkish liras
01.06.2020 Nuclear , Thermal , Coal

Turkey's daily power consumption down 7.80 % on May 31

- Turkey's electricity exports amount to 4,589 megawatt-hours, while imports total 10,247 megawatt-hours
01.06.2020 Nuclear , Thermal , Coal

Spot market electricity prices for Thursday, May 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 89.7 million Turkish liras
27.05.2020 Coal , Turkey

Turkey's daily power consumption up 5.26% on May 26

- Turkey's electricity exports amount to 3,652 megawatt-hours, while imports total 1,462 megawatt-hours
27.05.2020 Nuclear , Thermal , Coal

Turkey's daily power consumption up 0.12% on May 21

- Turkey's electricity exports amount to 1,324 megawatt-hours, while imports total 10,532 megawatt-hours
23.05.2020 Coal , Turkey

Turkey's daily power consumption up 12.7% on May 20

- Turkey's electricity exports amount to 3,033 megawatt-hours, while imports total 8,097 megawatt-hours
22.05.2020 Electricity , Coal

Turkey's daily power consumption up 0.82% on May 15

- Turkey's electricity exports amount to 2,669 megawatt-hours, while imports total 8,979 megawatt-hours
16.05.2020 Coal , Turkey

Spot market electricity prices for Saturday, May 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 110.61 million liras
15.05.2020 Electricity , Thermal , Coal

Turkey's daily power consumption up 1.35% on May 14

- Turkey's electricity exports amount to 5,753 megawatt-hours, while imports total 10,476 megawatt-hours
15.05.2020 Electricity , Thermal , Coal

EU approves compensation for Dutch coal plant closure

- Netherlands will prohibit the use of coal for production of electricity as of January 1, 2030 at the latest
13.05.2020 Coal , Europe

US coal-fired electric generation falls to 42-year low

- Sharp decline was result of increased electricity generation from natural gas-fired plants and wind turbines
12.05.2020 Coal , Downstream , Americas

Spot market electricity prices for Tuesday, May 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 79.99 million liras
12.05.2020 Electricity , Thermal , Coal

Turkey's daily power consumption down 9.3% on May 10

- Turkey's electricity exports amount to 7,670 megawatt-hours, while imports reach 4,065 megawatt-hours on Sunday
12.05.2020 Electricity , Thermal , Coal

Spot market electricity prices for Saturday, May 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 39.02 million liras
09.05.2020 Coal , Turkey

Turkey's daily power consumption up 2.38% on May 7

- Turkey's electricity exports amount to 3,289 megawatt-hours, while imports reach 7,638 megawatt-hours on Thursday
08.05.2020 Coal , Turkey

US energy-related CO2 falls 2.8% in 2019

- Although US economy shows strong growth in 2019, energy consumption decreases by 0.9%
07.05.2020 Coal , Americas

Turkey's daily power consumption down 2.07% on May 2

- Turkey's electricity exports amount to 1,604 megawatt-hours, while imports reach 9,039 megawatt-hours on Saturday
04.05.2020 Coal , Turkey

Turkey's electricity consumption down 15.39% in April

- Electricity imports for April from neighboring countries show increase of 36.07% compared to April last year
03.05.2020 Coal , Turkey

COVID-19 represents biggest shock to energy system: IEA

- Renewables are set to be the only energy source that will grow in 2020, IEA says
01.05.2020 Electricity , Natural Gas , Oil , Renewable , Nuclear , Coal , Energy Diplomacy , World

US energy production exceeds consumption after 62 years

- Production growth largely result of rise in crude oil and natural gas output from hydraulic fracturing, horizontal drilling
30.04.2020 Coal , Upstream , Hydro , Americas

Spot market electricity prices for Saturday, April 25

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 106.38 million liras
24.04.2020 Electricity , Nuclear , Coal , Electricity

Turkey's daily power consumption down 10.6% on April 18

- Turkey's electricity exports amount to 7,175 megawatt-hours, while imports total 5,650 megawatt-hours on Saturday
20.04.2020 Coal , Turkey

Spot market electricity prices for Friday, April 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 90.05 million liras
16.04.2020 Coal , Turkey

Global coal output to grow by only 0.5% due to COVID-19

- In 2020 global coal production is expected to grow marginally, as production in China is disrupted by coronavirus lockdown
10.04.2020 Coal , World

Almost half of global coal plants to run at loss in 2020

- Biggest loss will be in China which plans to build 206 GW of new coal capacity, report reveals
09.04.2020 Coal

Turkey's daily power consumption up 10.3% on April 6

- Turkey's electricity exports amount to 8,989 megawatt-hours, while imports total 9,325 megawatt-hours on Monday
07.04.2020 Coal , Turkey

Spot market electricity prices for Wednesday, April 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 30.5 million Turkish liras
07.04.2020 Coal , Turkey

Spot market electricity prices for Saturday, April 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 75.04 million Turkish liras
03.04.2020 Electricity , Thermal , Coal

Denmark marks record-low coal consumption in 2019

- Renewables covered 35% of the observed energy consumption in 2019, Danish Energy Agency says
04.04.2020 Natural Gas , Oil , Renewable , Coal , Europe

SSE, RWE close UK coal-fired plants before 2025 ban

-Move comes before UK government's plan to incrementally stop coal use until 2025
02.04.2020 Coal , Electricity , World

Turkey: Mining sector sets sights on $5B export goal

- Turkish mining industry can respond quickly to rise in demand, says head of Istanbul Mineral Exporters' Association
01.04.2020 Finance , Coal , Energy Security , Turkey

Turkey's daily power consumption up 7.64% on March 30

- Turkey's electricity exports amount to 4,590 megawatt-hours, while imports total 10,819 megawatt-hours on Monday
31.03.2020 Coal , Turkey

Planned coal power capacity drops for 4th year in a row

- Global coal power under development in 2019 declined 16% compared to previous year, report shows
27.03.2020 Coal

Nordic's biggest coal plant demolished to ground level

- Fortum's 1,000-megawatt Inkoo power plant was commissioned during 1974-1978
26.03.2020 Coal , Europe

Spot market electricity prices for Wednesday, March 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 143.7 million Turkish liras
18.03.2020 Nuclear , Thermal , Coal

Turkey's daily power consumption up 20.7% on March 16

- Turkey's electricity exports amount to 5,510 megawatt-hours, while imports total 4,905 megawatt-hours on Monday
18.03.2020 Electricity , Nuclear , Coal

Spot market electricity prices for Tuesday, March 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 121.4 million Turkish liras
16.03.2020 Electricity , Thermal , Coal

Spot market electricity prices for Sunday, March 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 56.78 million Turkish liras
15.03.2020 Coal , Stock Market , Turkey

Coal developers risk $600B as renewables outcompete

- New wind or solar already 60% cheaper compared to coal plants: Carbon Tracker report
13.03.2020 Coal

Turkish mining accidents down 58% in past two years

- Out of 8,602 minefields inspected in 2019, 988 labeled as 'high risk'
13.03.2020 Coal , Regulation , Energy Diplomacy , Turkey
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