Four out of five coal power plants in EU are unprofitable
16:19
Four out of five coal-fired power plants in the European Union are unprofitable, and energy suppliers may suffer losses of almost €6.6 billion this year, the Carbon Tracker Initiative report revealed. This occurs because lower renewable energy costs and lower natural gas prices are increasingly competitive over coal.
This year, according to the report, energy production from hard coal in the Union fell by 39 percent y/y. The situation may get tougher as more coal power plants would need expensive technology to meet more stringent air quality standards in the European Union since 2021.
