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Yes there could be but there aren't, because conservative state governments have had to resort to trying to subsidize coal power plant investment because no one
by XorNot 7d ago
Yes there could be but there aren't, because conservative state governments have had to resort to trying to subsidize coal power plant investment because no one wants to touch it.
Two things can be true: solar can be unable to provide reliable base load power, and it can be far more profitable investment return then building a coal fired power station.
Which is what has happened: and now, with the falling price of batteries, batteries are a far more profitable return then building a coal fired power station.
Coal is expensive: solar, other then some light cleaning costs, is one and done. There's few mechanical parts and no fuel costs and you can build it anywhere there's an electrical grid (which is everywhere).
Batteries are similar: sure they might degrade, but that's over 15 years. At the right time of day, charging them can be between free, and profit generating due to all the solar.
A coal power plant is gigantic. It can't be built anywhere - it needs to be physically proximal to either a port, or an actual coal mine (which the one's near Hunter Valley in NSW are - I've driven next to the train lines for them, for example), and usually a water source too for cooling. It's a large, maintenance intensive structure (the reason the ones we have are shutting down is the maintenance has gotten very expensive because the whole structure is aging out).
And after all that, it also needs fuel - throughout it's lifetime it will need to constantly buy fuel. But it won't constantly be profitable: most renewables have a massive advantage in that they can switch off from the grid nearly instantly. So renewables are far, far better at reacting to negative power pricing conditions then thermal power plants which cannot spin down that quickly: so a coal power plant (really any thermal power plant) will usually have to pay fines when power prices go negative, whereas while solar might not like shutting down, it can do so immediately (and batteries can just hoover up all that power and claim the credits).
Grid stability is a different department, quite literally, to power generating investment which is a commercial enterprise chasing return. And solar was better, and batteries are catching up quick (partly because negative prices mean your solar investment won't be able to bank a solid 6 hours of profitable sunlight without them). The new thing is also batteries for wind - DC couple grid batteries at wind plants, turning them into much more dispatchable generating assets.