‘Solar For Coal’ swaps: A financial innovation that could accelerate the carbon transition

FORBES | Coal economics have passed the cost crossover point with renewables – 179 gigawatts (GW) of coal plants in the United States were more expensive to operate than replacing them with new local solar or wind energy in 2018. But even though opportunities abound for utilities to economically transition from existing coal to new renewables, annual coal plant retirement rates are closer to 10 GW.

When utilities and regulators fail to act upon this fundamental economic change, relentless consumer pressure will result, forcing utilities to adapt or risk losing customers.

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