3 ms·
PRC has plenty of coal reserves. They only import coal for steel making. Thermal/power coal negligible and only then to plug domestistc production gaps. They're
by maxglute 3y ago
PRC has plenty of coal reserves. They only import coal for steel making. Thermal/power coal negligible and only then to plug domestistc production gaps. They're building a lot of domestic coal plants because advanced plants are "clean enough" and supplement energy security. But yes, I don't think anyone expected renewable costs to come down that much.
The other consideration is crack down on RE freed up a lot of compatible construction capacity to to mass rollout renewables. And relatively "lowskilled/cheap" construction overcapacity is going to disappear as PRC demographic transitions - old manual labour excess supply on their way out. Economics may swing back to plants.