In a development that some might be tempted to view as the final nail in the coffin lid for coal power, wind power generation has outstripped hard coal-fired output so far this year in Germany for the first time since the industrial revolution.
German wind output hit an all-time record in October at 12.6TWh, more than double October 2016's total. This takes Jan.-Oct. 2017 wind generation to 78.5TWh, up an impressive 14TWh or 21.9% y-o-y.
The Chinese correction was short-lived as domestic prices are on the rise again, fuelling the Asia/Pacific complex. This is also due to issues in gas supply. In fact the government has been recently forced to reverse their strategy and restarted a coal power plant in Beijing as the gas supply is not sufficient.
Indian coal-fired generation fell to 76.7TWh in November, bang on with our forecast.
Guillaume talks to Coaltrans about his forecasts for the coal price.
Guillaume Perret’s interview at “Between the Lines” on Channel News Asia.