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Energy from coal to shrink at 1.25 GW every year - S&P Global

Coal News - Published on Thu, 14 Feb 2019

Image Source: ET EnergyWorld
Economic Times reported that energy from coal will shrink at 1.25 gigawatt every year as solar would continue to expand with the deployment forecast of 20 GW every year, according to the International Energy Agency's Sustainable Development Scenario, S&P Global Platts Analytics said in a recent report.

As per the report titled "Global Solar Outlook (2019-2025) ", the share of coal clearly shrinks going forward. But, given the strong power demand growth of 9 GW every year, coal dispatch would continue to grow in the medium-term.

The report said that "Only 4 GW of coal capacity has been added in 2018, although the number of projects under construction is second only to China (48 GW). In our view, LNG is not well placed to grow in the Indian power sector, so the risks bear essentially on the coal side.”

While there is a strong political will to diversify the power generation mix, headwinds for the development of solar have been emerging. A sign that solar is becoming competitive against thermal could be found in the fact that coal new-build has been slowing very considerably.

The report highlights a significant upside for solar in key coal burning countries including India and China. Coal remains a fuel at risk while role of gas has been seen limited.

Source :

Posted By : Rabi Wangkhem on Thu, 14 Feb 2019
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