Europe's coal demand is set for a long period of hibernation
2018 11/03
Coal demand in Europe after the last winter peak, ushered in the expected decline as the competitiveness of the renewable energy power generation coal, coal demand in Europe will have a long hibernation recently, deutsche bank said in a report, from 2012 to 2020, Europe will eliminate old coal-fired power plants, a large number of total scale to 28 gw, meanwhile, renewable energy power generation will continue to grow, according to data from the European commission will be new this year, including wind power in the European UnionSolar power and hydropower add up to 21 gigawatts, which will be 140 gigawatt analysts between 2012 and 2020, according to KrisVoorspools:European coal demand will fall this winter renewable energy share of natural gas power generation although priority will be diverted, but will also not immune from coal KrisVoorspools said, the operational efficiency of new power plants will be much higher than the elimination of old power plants, this means that under the condition of the same generation, coal-fired power plant coal demand in Europe this year will be lower than last year over the past 10 years, the eu carbon trading system and the coal price is low wait for factors, proportion of coal electricity in the eu has maintained at about a quarterBut as the eu member states to promote renewable energy and new power plant put into operation, the situation will be break point carbon consultants (PointCarbon) the European commission forecasts, according to four quarter of this year the coal output will fell 3% year on year, compared with the first quarter of this year will fall by 5%. Goldman sachs released earlier forecast that European hard coal demand will fall by 7 million tons in 2014, or 3.5% to 191 million tonnes last year winter, northern Europe set low temperature record, this year winter temperatures forecast, although has not fully released, but for predicting had this winter will not beCold this winter will not be as cold as last year, which means that the coal exporter, such as Germany's exports to its neighbours power will be reduced that will further depress demand PointCarbon YanQin, an analyst said European coal import main source for Russia and the United States, in the past two years as the natural gas power generation to strengthen competitiveness, did a lot of the impact of coal imports coal ChristianLelong, an analyst at Goldman sachs, said:Wind power generating electricity demand growth and winter temperatures this year will be the three main factors influencing the short-term coal demand in Europe, according to the European commission data, Germany this year is expected to add 5 gw, renewable energy power generation coal will add 5 gw, 2014 new coal-fired generation will be 3 gw this winter coal-fired power plant load rate will reach 75% to 80%. Bailey PhilHare consulting analyst said:There is no doubt that the new efficient coal-fired power plants almost everywhere will be in full operation throughout the winter the winter of this year's coal output is expected to be 1% to 2% lower than last year, according to the large power plants running bill (LargeCombustionPlantDirective) regulation, the UK will be eliminated this year a total of 5 gigawatts of old power plants, those who do not have carbon capture and storage capacity of coal-fired power plant project also will no longer be able to approvedGermany this year, the number of new coal plant hair will also is very limited, this situation until 2015 to improve weak electricity prices is the main factor of the new plant construction, environmental issues and strong competition from renewable energy is also cannot ignore the reason why the eu plans to phase out the old accounted for 40% of all European power plant scale, the impact on European coal demand is obvious but the international energy agency (IEA), center for clean coal says, completely shut down than up early before the proposal, this way the impact on the coal demand in Europe is much smallerCoal rate decline is the main cause of the decline in demand in Europe for Europe's main coal producer, is certainly not a good news have predicted, with the decline in demand in Europe, coal enterprises will have winter in many countries such as Britain Poland Spain requires the government to raise the price of coal, coal enterprises to help them through the UK's largest coal producer UKCoal has been applied to the government for money, to come to avoid bankruptcyPoland's KompaniaWeglowa, Europe's largest coal producer, revealed last month that it was considering asking for government emergency aid.