This Inside Climate News article discusses how New Wind and Solar Power Is Cheaper Than Existing Coal in Much of the U.S. Coal-fired power plants in the Southeast and Ohio Valley stand out. In all, 74% of coal plants cost more to run than building new wind or solar, analysts found.
Not a single coal-fired power plant along the Ohio River will be able to compete on price with new wind and solar power by 2025, according to a new report by energy analysts.
The same is true for every coal plant in a swath of the South that includes the Carolinas, Georgia, Alabama and Mississippi. They’re part of the 86 percent of coal plants nationwide that are projected to be on the losing end of this cost comparison, the analysis found.
The findings are part of a report issued Monday by Energy Innovation and Vibrant Clean Energy that shows where the shifting economics of electricity generation may force utilities and regulators to ask difficult questions about what to do with assets that are losing their value.