U.S shuts 23,400MW coal-fired power plants between 2017-2018

0
658

Lagos — The United States under President Trump’s administration has shut down in total, more than 23,400 megawatts, MW of coal-fired generation between 2017-2018, statistics gathered from a Reuters survey and the U.S. Energy Information Administration, EIA, has shown.

According to the data, SweetcrudeReports found that the 23,400MW shut down between President Trump’s first two years was more than 14,900 MW shut down during former president Barack Obama’s term in 2009-2012.

Since President Trump’s assumption of office, he has reversed rules on climate changes enacted during his immediate predecessor’s time to fulfill pledges to voters in states like West Virginia and Wyoming- while former president Obama tried to grow up the coal industry to keep a campaign promise to coal-mining states.

One megawatt can power about 1,000 U.S. homes.

The number of U.S. coal plants has continued to drop every year since coal capacity increased at just over 317,400 MW in 2011, and is expected to keep falling as consumers demand power from cleaner and less expensive sources of energy.

Consumers now want power from natural gas and renewable power like solar and wind- which has kept electric prices relatively low for years, making it uneconomic for generators to keep investing in older coal and nuclear plants.

Generators said they plan to shut around 8,422 MW of coal-fired power and 1,500 MW of nuclear in 2019 while adding 10,900 MW of wind, 8,200 MW of solar and 7,500 MW of gas, according to Reuters and EIA data

SHARE
Previous articleGoldman models risk of 1000 bps Eskom blowout for S.Africa
Next articleEzekwesili: Education would be Nigeria’s new oil, If am elected president
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.