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They are already ramping down new construction and they are starting to replace older (less efficient) plants. It's quite likely that one of these last 3 years
by hnaccount_rng 2y ago
They are already ramping down new construction and they are starting to replace older (less efficient) plants. It's quite likely that one of these last 3 years will have been peak coal in China. The bad news is: That's a lot of coal that being burned. The good news is: They are less reliant on "recouping costs", which means _those_ plants will be shut down as soon as that's feasible
- bryanlarsen 2y agoAlso, they are steadily reducing the capacity factor of their coal plants. All of their recent coal plants are dispatchable plants, designed to run only when the sun isn't shining. So even though they are increasing capacity quickly, their actual usage of coal is relatively flat in comparison. And they've started building massive battery storage plants, which will likely substantially replace their coal plants over the next decade.