Investment in new coal-fired power plants appears off the agenda in Western Europe. Witness the astonishing write-down of brand-new assets in the Netherlands, where European utility giants RWE, Uniper, and Engie have drastically reduced their valuations of plants barely a year old (read the report we published this morning, “The Dutch Coal Mistake,” which concludes […]
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Megan Darby for Climate Change News: Three Dutch coal plants opened in 2015 are losing billions of euros in value and threatened with early closure. The utilities behind them failed to foresee a rapid rise in renewable power generation, falling demand and calls for a coal phase-out to meet climate goals. It was a costly […]
IEEFA Report: ‘Dutch Coal Mistake’ Shows Three New Plants in the Netherlands Failing to Live Up to Expectations and at Risk of Becoming Climate-Risk Stranded Assets
Questionable Decisions by RWE, Uniper, and Engie to Put Coal-Fired Generators in Service in 2015 Are Proving Costly in the Face of Shifting Trends in Electricity Markets; Very Likely ‘the Last New Coal-Fired Plants in Europe'
Nov. 30, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report concluding that three new coal-fired power plants in the Netherlands are proving far less valuable than expected and are fundamentally out of step with electricity-market trends across Europe. The report comes as European policymakers grapple with how best […]