More wind and solar means early closure of coal plants is more likely

ITK has updated its price and new supply estimates as we do each quarter, and the results are not good news for the incumbent coal generators.

The main conclusions are that, rather than slowing down, there has actually been about 3.5GW of utility-scale wind and solar projects getting the final go-ahead so far in 2020. These projects have been driven by the Queensland government, the ACT government, Snowy Hydro and also by large PPAs, typically with US-based technology companies such as Amazon.

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