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| DOI | 10.1016/j.enpol.2020.111305 |
| Making India's power system clean: Retirement of expensive coal plants | |
| Shrimali G. | |
| 发表日期 | 2020 |
| ISSN | 0301-4215 |
| 卷号 | 139 |
| 英文摘要 | As India implements its Nationally Determined Contributions (NDC), via an ambitious renewable energy target of 175 GW of renewable energy by 2022, it is faced with an opportunity to further reduce greenhouse gas emissions. This opportunity is provided by the average cost of solar (and wind) energy falling below the variable cost of generating power from many existing coal plants. This indicates that, while other potential uses exist (e.g., making coal plants flexible), such expensive brownfield coal plants could potentially be economically retired today by simply switching to buying power from new solar plants. For example, by switching to a solar plant from a sample 5-year coal plant, the savings can be 33.90% in net present value terms. Further, while the savings on energy procurement is obvious, there could also be savings on committed contractual obligations on paying fixed costs, via a process called securitization. For example, using cashflow analysis, we show that retiring a sample 5-year old coal plant can save an additional 31.57% in value. We also discuss plausible regulatory changes, for which there are precedents in India and elsewhere, that would enable this cost-effective transition to a deeper penetration of renewable energy via retirement of expensive coal plants. © 2020 Elsevier Ltd |
| 英文关键词 | Coal plant; Cost-effective; Financing; Solar energy |
| 学科领域 | Coal; Cost accounting; Cost effectiveness; Gas emissions; Greenhouse gases; Solar energy; Solar power generation; Coal plants; Contractual obligations; Cost effective; Energy procurement; Financing; Net present value; Regulatory change; Renewable energies; Costs; alternative energy; coal-fired power plant; cost analysis; power generation; savings; solar power; India |
| 语种 | 英语 |
| scopus关键词 | Coal; Cost accounting; Cost effectiveness; Gas emissions; Greenhouse gases; Solar energy; Solar power generation; Coal plants; Contractual obligations; Cost effective; Energy procurement; Financing; Net present value; Regulatory change; Renewable energies; Costs; alternative energy; coal-fired power plant; cost analysis; power generation; savings; solar power; India |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/118096 |
| 作者单位 | Precourt Scholar, Stanford University, United States |
| 推荐引用方式 GB/T 7714 | Shrimali G.. Making India's power system clean: Retirement of expensive coal plants[J],2020,139. |
| APA | Shrimali G..(2020).Making India's power system clean: Retirement of expensive coal plants.Energy Policy,139. |
| MLA | Shrimali G.."Making India's power system clean: Retirement of expensive coal plants".Energy Policy 139(2020). |
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