GlobalData: US Coal-Based Generation to Be Outplayed by Renewables in 2020

GlobalData, a leading data and analytics company, has reported that coal-based electricity generation has fallen to its lowest level in the US, representing a 23.5% share in the generation mix. With the COVID-19 crisis in place, and climate concerns taking a bigger stage, renewable-based generation might cast a shadow over the coal-based generation in 2020.

Somik Das, Power Analyst at GlobalData, commented: “Coal-based electricity dropped to a 42-year low in 2019, with the share falling by almost 16% in comparison to 2018. On the contrary, generation from renewables increased by 3.8% compared to 2018, where renewables accounted for 19.1% of the generation. The COVID-19 outbreak is expected to hurt coal-based generation further as electricity generators reduce coal-based electricity generation in response to reduced electricity demand.” Utilities are looking at renewables over coal, committing to their goals of addressing climate change. This is expected to expedite the closures of coal-fired power plants since they are already challenged to compete with natural gas, wind and solar sources, which are all currently at par or cheaper sources of electricity generation than coal…

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