The same difficult market conditions that have forced a wave of coal-fired power plant closures are now gripping plants in Australia and Germany, as well. In November, owners of the 1,600-megawatt Hazelwood coal-burning plant – and an adjoining mine – in Victoria, Australia said they will close it by the end of March 2017, noting that it has been operating in “difficult market conditions with lower electricity prices and a surplus of electricity supply.” Also in November, Germany’s fifth-largest power generator, STEAG, cited “changes to the market environment brought about by energy policy” and persistently low power prices as reasons to close five of its coal units, with a combined capacity of about 2,500 MW, before the end of 2017. In announcing the decision, company officials remarked that troubling market conditions have led to “a situation in which many large-scale conventional power plants in Germany can no longer operate cost-effectively.”

– via POWERmagazineSonal Patel

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