What are Prospects for New Coal Capacity?
What will happen, is expansion of existing coal plant output
- Done via turbine replacement
- 5-7% efficiency increase
- Very strong economics, even in soft market
- Beneficial from environmental perspective
Expansion of existing coal plants is one of most practical near term steps with respect to CO2 reduction
Extrapolating our opportunities to the balance of industry: equivalent to 7-12 large baseload coal plants will be built over next 5-10 years