Originally Posted by
Flying Binghi
Who told ya all that. CCP press release perhaps ?..
Me, I’d look at what new coal mines are being opened around the world and where the increased coal shipments are going..
“Growing nuclear generation” Now thats some smart fellows there..
Actually was reading some local press regarding the CCPs plans for integrating renewables into the grid and dropping coal plant generating hours average across the grids. The plant operators are arleady complaining they are operating at financial loss and the reduced hours will be unsustainable. Their target for 2025 is 33% renewables. Coal is used because of its widespread availability in China and how fast you can bring it online, not really cost. Its still running at a loss there. Have to remember that current renewables in China could power Australia 100%.
Currently China has 700 GWH of solar/wind generation with another 1300 GWH to be online by 2025. The total Australian grid generation including coal and renewables is under 300 GWH. So less than half of Chinas wind and solar, and then they have massive hydro as well.