COALspot.com keeps you connected across the coal world
  • JUNE 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 100.33 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
IEEFAPre-Biden changes underscore coming 10-year wave of coal plant retirements
 
The traditional S-curve growth exhibited by disruptive technologies, often cited when game-changing consumer devices, such as smartphones, take over markets and rapidly push older products out, is just as valid to describe how wind turbines and solar PV generation are shaking up U.S. power markets.
 
This S-curve is marked by several key phases in the way a new technology gains market share—slowly at first, then with increasing speed as adoption broadens and it becomes dominant, then slowing again as the market matures. IEEFA believes the renewables-driven transition of the U.S. electric power sector has entered the steep upward slope at the center of this S-curve growth. First, the scale of wind and solar projects announced by a broadening array of big power-generation companies has surged in the past year. Second, that growth has been paired with a doubling, also in the past year, in the amount of coal-fired capacity set to close from 2021 through 2030, based on company announcements and regulatory filings tracked by IEEFA.
 
The renewables transition has been under way for two decades. Between 2001 and 2010, wind and utility-scale solar’s market share grew slowly but steadily to 2.4%. Coal’s share of annual electric-sector generation remained dominant, only falling from 53 percent in 2001 to 46 percent in 2010. By 2020, however, the list of companies becoming early adopters had rapidly expanded, and included a few major power companies like NextEra Energy and Xcel Energy. Wind and utility-scale solar’s market share began to rise faster, to more than 11 percent in 2020. Coal’s market share, on the other hand, fell to less than 20 percent. Undercut first by gas generation that benefited from falling prices from fracking, and now by a relentless buildout of lower-cost renewables (both resources posted record-high shares of the generation market in 2020), the share of power from the aging coal sector slumped to what may have been the lowest level since the dawn of the electric age in the U.S., 140 years ago.
 
2021-2030: The coming decade of renewable growth, coal retirements
 
Last year’s increase in wind and solar generation was driven by record-setting levels of new capacity installed during the year, despite the Covid-19 pandemic. Almost 14 gigawatts (GW) of utility-scale solar (another 5 GW of rooftop solar was also installed), 16.9GW of wind and 1GW of battery storage (also a record) were added to the grid in 2020. While impressive, these numbers pale in comparison to the massive green energy buildout looming through 2030:
 
Solar ⎼ current estimates show 69GW of new capacity already under development, with the expectation that 324GW of capacity could be built by 2030.
Wind ⎼ 34.7GW of new capacity is in the near-term development pipeline with half already under construction. In addition, the Biden administration has set a goal of having 30GW of offshore wind installed by 2030, up sharply and due online sooner than the capacity currently being developed.
Battery storage ⎼ annual installations are expected to top 7.8GW by 2025, with cumulative totals climbing to roughly 30GW, of which three-quarters will be utility-scale applications.
Yet, renewables and storage represent just half of the equation. The other half is the clear turn away from coal by U.S. utilities and independent power producers. Data compiled by IEEFA shows that the amount of coal-fired capacity scheduled for retirement by 2030 has more than doubled in the past year. In March 2020, announced coal-fired retirements for the 2021-30 totaled 37.4 GW. By April 2021, that total had climbed to at least 75.5 GW.
 
Those retirements, in turn, have pushed the cumulative amount of coal capacity that will have closed by 2030 to 175 GW—55 percent of the coal-fired capacity that existed at its peak in 2011.
 
It is important to point out this rapid acceleration occurred largely prior to the Biden administration’s climate change summit and its embrace of a 2035 no-carbon emissions goal for U.S. power generators. With those developments now rippling through the sector, IEEFA expects a significant increase in the number of coal plant retirement announcements in the months and years ahead as utilities and independent power producers revise their resource plans and business models.
 
The actual retirement numbers only tell part of the story, however. The plants still online are also operating less and less, with the average annual capacity factor of the installed coal plants falling from 62.8 percent in 2011 to 40.2 percent in 2020. This collapse belies the common coal industry refrain that as the older, less efficient plants were retired, the performance of the remaining units would improve; even after nearly 100GW of capacity had closed,  the overall coal capacity factor was down sharply last year.
 
Another way of measuring the S-curve ramp is to look at individual utilities. Here, recent announcements from American Electric Power, one of the largest utilities in the U.S., are indicative of the rapidly quickening pace of change. Six months ago, the utility was touting its plan to add roughly 8,000 megawatts (MW) of new renewable energy capacity to its 11-state system by 2030. Earlier this month, during its first quarter 2021 earnings call, the company literally doubled down, saying it now planned to build 16,595MW of new renewable capacity by 2030. AEP CEO Nick Akins said 10,000MW of that total would be online by 2025. Coupled with that buildout, the company now plans to retire another 4,979MW of coal-fired capacity by 2028, with an additional 595MW slated for 2030.
 
AEP still has a way to go, as these plans do not address the company’s three large coal-fired plants in West Virginia—the single unit, 1,299MW Mountaineer station; the three-unit, 2,900MW John Amos plant and the two-unit, 1,560MW Mitchell station. However, IEEFA believes the company’s recent moves represent a shift that should be applauded, with reservations.
 
In his opening remarks on the quarterly call, AEP’s Akins outlined the company’s next steps: “It has been a very busy quarter for AEP, but the work really starts now regarding the execution of our plan to transform this company from what was the largest coal-fired utility to one of the largest regulated renewable companies in the U.S.”
 
His statement reflects neatly why the market share of wind and solar in the power sector is set to rise so fast this decade: The heart of the disruption S-curve is arriving.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.   Total global loadings in the 12 months of 2020 were down -12 ...


Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...


Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...


Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.   That’s what’s expected to happen to Australia’s economy “when” China st ...


Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6321
News by Category
Popular News
 
Total Members : 27,459
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • PTC India Limited - India
  • SASOL - South Africa
  • Meenaskhi Energy Private Limited - India
  • Romanian Commodities Exchange
  • Glencore India Pvt. Ltd
  • GB Group - China
  • Bhatia International Limited - India
  • Parliament of New Zealand
  • Mercator Lines Limited - India
  • Vitol - Bahrain
  • Global Coal Blending Company Limited - Australia
  • Clarksons - UK
  • Africa Commodities Group - South Africa
  • Rashtriya Ispat Nigam Limited - India
  • Rio Tinto Coal - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • KPCL - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • TNPL - India
  • Thomson Reuters GRC
  • Mercuria Energy - Indonesia
  • VISA Power Limited - India
  • Banpu Public Company Limited - Thailand
  • globalCOAL - UK
  • DBS Bank - Singapore
  • Simpson Spence & Young - Indonesia
  • ACC Limited - India
  • Sucofindo - Indonesia
  • Gupta Coal India Ltd
  • LBH Netherlands Bv - Netherlands
  • Kumho Petrochemical, South Korea
  • World Bank
  • White Energy Company Limited
  • SMC Global Power, Philippines
  • GMR Energy Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Riau Bara Harum - Indonesia
  • Marubeni Corporation - India
  • Britmindo - Indonesia
  • Reliance Power - India
  • Thiess Contractors Indonesia
  • Gresik Semen - Indonesia
  • PLN Batubara - Indonesia
  • SMG Consultants - Indonesia
  • Enel Italy
  • Minerals Council of Australia
  • KPMG - USA
  • Thriveni
  • Global Business Power Corporation, Philippines
  • ANZ Bank - Australia
  • Goldman Sachs - Singapore
  • Cargill India Pvt Ltd
  • Merrill Lynch Bank
  • Interocean Group of Companies - India
  • Essar Steel Hazira Ltd - India
  • San Jose City I Power Corp, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • OPG Power Generation Pvt Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Coeclerici Indonesia
  • Bukit Makmur.PT - Indonesia
  • Deutsche Bank - India
  • Jindal Steel & Power Ltd - India
  • Barasentosa Lestari - Indonesia
  • Noble Europe Ltd - UK
  • Uttam Galva Steels Limited - India
  • BRS Brokers - Singapore
  • Adaro Indonesia
  • Bangladesh Power Developement Board
  • Total Coal South Africa
  • Manunggal Multi Energi - Indonesia
  • SGS (Thailand) Limited
  • Energy Link Ltd, New Zealand
  • IHS Mccloskey Coal Group - USA
  • Semirara Mining and Power Corporation, Philippines
  • WorleyParsons
  • Xstrata Coal
  • Japan Coal Energy Center
  • Petrosea - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Salva Resources Pvt Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mitsui
  • Kalimantan Lumbung Energi - Indonesia
  • Orica Mining Services - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Merrill Lynch Commodities Europe
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • MEC Coal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Ind-Barath Power Infra Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Intertek Mineral Services - Indonesia
  • Mintek Dendrill Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Meralco Power Generation, Philippines
  • Panama Canal Authority
  • Peabody Energy - USA
  • Lanco Infratech Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Star Paper Mills Limited - India
  • ING Bank NV - Singapore
  • J M Baxi & Co - India
  • AsiaOL BioFuels Corp., Philippines
  • Mjunction Services Limited - India
  • NALCO India
  • Ministry of Mines - Canada
  • EIA - United States
  • U S Energy Resources
  • Permata Bank - Indonesia
  • Core Mineral Indonesia
  • Orica Australia Pty. Ltd.
  • Binh Thuan Hamico - Vietnam
  • Medco Energi Mining Internasional
  • Toyota Tsusho Corporation, Japan
  • Kobexindo Tractors - Indoneisa
  • GAC Shipping (India) Pvt Ltd
  • Indonesian Coal Mining Association
  • Commonwealth Bank - Australia
  • Kideco Jaya Agung - Indonesia
  • KEPCO - South Korea
  • Sojitz Corporation - Japan
  • Indogreen Group - Indonesia
  • Humpuss - Indonesia
  • SRK Consulting
  • Eastern Coal Council - USA
  • IMC Shipping - Singapore
  • Runge Indonesia
  • Coalindo Energy - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Thai Mozambique Logistica
  • SUEK AG - Indonesia
  • Coal India Limited
  • IOL Indonesia
  • PetroVietnam
  • Tamil Nadu electricity Board
  • PowerSource Philippines DevCo
  • Iligan Light & Power Inc, Philippines
  • Bhushan Steel Limited - India
  • UBS Singapore
  • Eastern Energy - Thailand
  • NTPC Limited - India
  • GHCL Limited - India
  • Russian Coal LLC
  • Xindia Steels Limited - India
  • Indian Oil Corporation Limited
  • Savvy Resources Ltd - HongKong
  • Ministry of Transport, Egypt
  • Cemex - Philippines
  • Credit Suisse - India
  • Metalloyd Limited - United Kingdom
  • Indonesia Power. PT
  • Pendopo Energi Batubara - Indonesia
  • Electricity Generating Authority of Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Planning Commission, India
  • Coastal Gujarat Power Limited - India
  • Deloitte Consulting - India
  • Geoservices-GeoAssay Lab
  • Standard Chartered Bank - UAE
  • Shenhua Group - China
  • Petron Corporation, Philippines
  • Karaikal Port Pvt Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Renaissance Capital - South Africa
  • Alfred C Toepfer International GmbH - Germany
  • Ince & co LLP
  • Indorama - Singapore
  • Bhoruka Overseas - Indonesia
  • World Coal - UK
  • Therma Luzon, Inc, Philippines
  • Maruti Cements - India
  • Georgia Ports Authority, United States
  • Altura Mining Limited, Indonesia
  • Pinang Coal Indonesia
  • Bank of China, Malaysia
  • Asmin Koalindo Tuhup - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Latin American Coal - Colombia
  • Aditya Birla Group - India
  • Bangkok Bank PCL
  • Surastha Cement
  • Moodys - Singapore
  • Vizag Seaport Private Limited - India
  • Coal Orbis AG
  • Aboitiz Power Corporation - Philippines
  • The Treasury - Australian Government
  • Pipit Mutiara Jaya. PT, Indonesia
  • Argus Media - Singapore
  • Parry Sugars Refinery, India
  • Heidelberg Cement - Germany
  • Indian School of Mines
  • GN Power Mariveles Coal Plant, Philippines
  • CESC Limited - India
  • Kaltim Prima Coal - Indonesia
  • Larsen & Toubro Limited - India
  • Freeport Indonesia
  • The State Trading Corporation of India Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Videocon Industries ltd - India
  • Arch Coal - USA
  • TeaM Sual Corporation - Philippines
  • Energy Development Corp, Philippines
  • Mechel - Russia
  • Power Finance Corporation Ltd., India
  • Platou - Singapore
  • Kobe Steel Ltd - Japan
  • BNP Paribas - Singapore
  • EMO - The Netherlands
  • OCBC - Singapore
  • Ernst & Young Pvt. Ltd.
  • Dalmia Cement Bharat India
  • Vedanta Resources Plc - India
  • Agrawal Coal Company - India
  • HSBC - Hong Kong
  • Leighton Contractors Pty Ltd - Australia
  • Asia Cement - Taiwan
  • Grasim Industreis Ltd - India
  • Makarim & Taira - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • ASAPP Information Group - India
  • India Bulls Power Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Inspectorate - India
  • UOB Asia (HK) Ltd
  • Semirara Mining Corp, Philippines
  • Thailand Anthracite
  • APGENCO India
  • Australian Coal Association
  • GNFC Limited - India
  • CCIC - Indonesia
  • Central Electricity Authority - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Asian Development Bank
  • KOWEPO - South Korea
  • Maersk Broker
  • Indika Energy - Indonesia
  • Vale Mozambique
  • TANGEDCO India
  • JPMorgan - India
  • Siam City Cement PLC, Thailand
  • CIMB Investment Bank - Malaysia
  • Australian Commodity Traders Exchange
  • Fearnleys - India
  • Anglo American - United Kingdom
  • Ministry of Finance - Indonesia
  • Sical Logistics Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Carbofer General Trading SA - India
  • Maheswari Brothers Coal Limited - India
  • ETA - Dubai
  • Inco-Indonesia
  • The India Cements Ltd
  • Chamber of Mines of South Africa
  • Gujarat Mineral Development Corp Ltd - India
  • Thermax Limited - India
  • GVK Power & Infra Limited - India
  • Cardiff University - UK
  • ICICI Bank Limited - India
  • Berau Coal - Indonesia
  • JPower - Japan
  • Central Java Power - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Wilmar Investment Holdings
  • Tata Chemicals Ltd - India
  • Adani Power Ltd - India
  • Oldendorff Carriers - Singapore
  • Tata Power - India
  • Malco - India
  • Tanito Harum - Indonesia
  • Borneo Indobara - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • New Zealand Coal & Carbon
  • Jaiprakash Power Ventures ltd
  • IEA Clean Coal Centre - UK
  • TGV SRAAC LIMITED, India
  • Sarangani Energy Corporation, Philippines
  • TRAFIGURA, South Korea
  • CoalTek, United States
  • Gujarat Electricity Regulatory Commission - India
  • Maharashtra Electricity Regulatory Commission - India
  • Neyveli Lignite Corporation Ltd, - India
  • Indo Tambangraya Megah - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Antam Resourcindo - Indonesia
  • Cement Manufacturers Association - India
  • Attock Cement Pakistan Limited
  • Formosa Plastics Group - Taiwan
  • Cigading International Bulk Terminal - Indonesia
  • Singapore Mercantile Exchange
  • South Luzon Thermal Energy Corporation
  • Baramulti Group, Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Bharathi Cement Corporation - India
  • European Bulk Services B.V. - Netherlands
  • Sakthi Sugars Limited - India
  • Bulk Trading Sa - Switzerland
  • Gujarat Sidhee Cement - India
  • Kartika Selabumi Mining - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Coal and Oil Company - UAE
  • SN Aboitiz Power Inc, Philippines
  • Siam City Cement - Thailand
  • Qatrana Cement - Jordan
  • Madhucon Powers Ltd - India
  • Platts
  • Electricity Authority, New Zealand
  • Shree Cement - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jatenergy - Australia
  • The University of Queensland
  • McKinsey & Co - India
  • Idemitsu - Japan
  • Arutmin Indonesia
  • Rudhra Energy - India
  • RBS Sempra - UK
  • London Commodity Brokers - England
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Samsung - South Korea
  • PLN - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Lafarge - France
  • Bank of America
  • Miang Besar Coal Terminal - Indonesia
  • Mitra SK Pvt Ltd - India
  • Malabar Cements Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • McConnell Dowell - Australia
  • Coaltrans Conferences
  • Cosco
  • MS Steel International - UAE
  • Samtan Co., Ltd - South Korea
  • Independent Power Producers Association of India
  • Vijayanagar Sugar Pvt Ltd - India
  • Cebu Energy, Philippines
  • Barclays Capital - USA
  • Posco Energy - South Korea
  • Port Waratah Coal Services - Australia
  • bp singapore
  • Indian Energy Exchange, India
  • Maybank - Singapore
  • IBC Asia (S) Pte Ltd
  • Edison Trading Spa - Italy
  • Economic Council, Georgia
  • Price Waterhouse Coopers - Russia
  • Straits Asia Resources Limited - Singapore
  • CNBM International Corporation - China
  • Infraline Energy - India
  • Wood Mackenzie - Singapore
  • Ambuja Cements Ltd - India
  • Trasteel International SA, Italy
  • Mitsubishi Corporation