Graphs: How Wind Power Displaced Coal Power In Spain

[jpak]

http://cleantechnica.com/2013/08/19/graph-how-wind-power-displaced-coal-power-in-spain/#7z32HEjp6FhAIjoB.99

Today’s graph is sourced from the recent Goldman Sachs analysis of the thermal coal industry, and its conclusion that the window for investment is closing rapidly – thanks to reduced demand, and because of the rise of renewables and other cleaner energy sources.

Goldman Sachs says there are three big themes governing the outlook for thermal coal; the first is environmental regulation, be it air quality or greenhouse gas emissions (which lead to more expensive coal); the second is energy efficiency (which leads to less consumption of coal), and the third i
s the growth in renewables.

To illustrate the point about how growing amounts of renewables impact coal generation, the Goldman Sachs analysts looked at the recent experience of Spain.

Goldman Sachs says Spain is a good example of how increases in renewable energy production has to be offset by a lower average load among fossil fuel plants. “Rising generation from solar plants in particular (whose output often coincides with the time of peak power demand) can result in lower peak power tariffs, undermining the profitability of many conventional power plants,” it says.

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heckuva job

yup

[kristopher]

1. Nyuk nyuk nyuk. "...coal...became...mid-merit energy source rather than ...baseload..."

"...the daily generation from gas and coal-fired plants was negatively correlated with wind power output, so the profile of coal-fired plants became that of mid-merit energy source rather than the traditional base load profile its cost competitiveness would imply..."

Read more at http://cleantechnica.com/2013/08/19/graph-how-wind-power-displaced-coal-power-in-spain/#sfBQDe6sRdFYrQXB.99

[Bill USA]

2. recommended!

[kristopher]

3. Highly! nt

[quadrature]

4. !VIVA 25% unemployment! .nt

[jpak]

5. Caused by a housing bubble and "austerity"

LaRouchian Fail

Yup