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Posted On: 07/11/2023 2:24:01 PM
Post# of 128483
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Analysis: China's new coal plants set to become a costly second fiddle to renewables
https://www.reuters.com/business/energy/china...%20Council.
By David Stanway and Muyu Xu
March 22, 20236:08 PM CDTUpdated 4 months ago
LOSS-MAKING, UNDER-UTILISED
Coal accounted for 58.4% of China's total power generation last year, but high prices have meant many plants have suffered losses for years. More than half of the country's large coal power firms were loss-making in the first half of 2022, according to the China Electricity Council.
And even though many plants were producing more last year to compensate for the decline in hydropower output, the average utilisation rate inched down to 52.4%.
Analysis: China's new coal plants set to become a costly second fiddle to renewables
https://www.reuters.com/business/energy/china...%20Council.
By David Stanway and Muyu Xu
March 22, 20236:08 PM CDTUpdated 4 months ago
LOSS-MAKING, UNDER-UTILISED
Coal accounted for 58.4% of China's total power generation last year, but high prices have meant many plants have suffered losses for years. More than half of the country's large coal power firms were loss-making in the first half of 2022, according to the China Electricity Council.
And even though many plants were producing more last year to compensate for the decline in hydropower output, the average utilisation rate inched down to 52.4%.
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