May was a big month for solar power announcements in Africa – led by a 4GW solar proposal in Algeria – but coal projects are causing headaches.
Australian thermal coal prices are now at their lowest level since 2016. This week the price for high energy Newcastle thermal coal dropped to US$50.60 a tonne, down around 25% already since January.
Coal mine refusal is another red flag for KEPCO’s overseas coal projects.
Australian government forecasts declining revenue from thermal coal, something they will need to come to terms with.
Best performing utility in US says it will be soon be cheaper to install new renewables than to continue operating existing coal and nuclear plants.
IEEFA’s latest report finds that China continued to set itself up to dominate clean energy sectors during 2017.
The potential involvement of China state-owned contractors and financiers may help Adani in its push for the mega coal mine in Queensland.
Defying the policy uncertainty that has held back utility-scale solar in Australia, much of the new renewables investment is happening in coal country.
Attempts to suggest coal power is cheaper than the plummeting cost of renewables look increasingly ridiculous and desperate.