Analysis shows new coal generation no longer economic in U.S.

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Analysis shows new coal generation no longer economic in U.S.

first_imgAnalysis shows new coal generation no longer economic in U.S. FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Wind energy is America’s overall lowest-cost source of new power generation, when not considering incentives, while solar and natural gas-fired facilities are also the cheapest options across wide swaths of the country, according to new analysis from the Energy Institute at the University of Texas at Austin.“This shows why, even in coal country, nobody is building coal,” said Joshua Rhodes, a research fellow at the Energy Institute whose recent analysis yielded roughly 20% and 40% cost declines for wind and solar, respectively, compared to a 2016 Energy Institute report on the levelized cost of electricity. “With gas and renewables in the system there’s just no room for coal anywhere.”The update almost eliminated coal from the institute’s interactive online map of lowest-cost new power sources throughout the United States and broadened the footprint of wind and solar as the least-expensive technologies in the county-by-county analysis. On an unsubsidized, levelized-cost basis, wind farms in Colorado, Kansas, Oklahoma and Texas are the nation’s cheapest generation sources, with the cheapest wind in those states ranging from $46.76/MWh to around $48.85/MWh, the research found.The cheapest new gas generation, according to the University of Texas’ updated data, would be combined-cycle facilities in Idaho, Washington, Montana and Oregon at $52.50/MWh to $53.61/MWh. The lowest-cost U.S. solar farms, located in New Mexico, Arizona, Texas and Colorado, ranged from $62.79/MWh to $64.36/MWh. The only places new coal generation would be the cheapest option are three remote counties of Washington state, with levelized costs around $111/MWh. The analysis does not view new nuclear power as the most cost-effective technology anywhere in the country.While the Energy Institute’s analysis appears to bode well for the future competitiveness of wind and solar as federal tax incentives phase down, experts remain split on how the real impact may play out in the marketplace. Analysts from Bloomberg NEF, IHS Markit and Navigant Consulting, for instance, recently presented wildly diverging views on future solar capacity additions as the investment tax incentive declines for businesses and zeroes out for homeowners. IHS, the most bearish of the three on solar, also foresees a plunge in wind investment post-federal tax breaks.More ($): ‘No room for coal’: Wind, solar, gas seen as cheapest U.S. power without subsidieslast_img read more

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Luxury Gold Coast apartment on the beachfront stands out from the crowd

first_imgThe Palm Beach apartment at 602-2 Twenty Third Ave in the Pacific Palm Beach building has hit the market.GONE are the days when the properties that lined the beachfront were shacks and cottages.Many are being demolished to make way for luxury residences much like those in the new Pacific Palm Beach development.A sixth floor apartment, which will go to auction on March 4, is one of the boutique development’s standouts.Walls of wide windows frame picture-perfect ocean views while timber, stone and sheer floor-length curtains offer an air of sophistication.If that’s not lavish enough, a feature fireplace and glass-encased wine cellar add a touch of class. MORE NEWS: Why there are fewer properties on the market MORE NEWS: Jaw-dropping asking price for vacant blocks A glass-encased wine cellar is a highlight. What a bath!Entrepreneur Adam Hudson, who runs online business training program Reliable Education, bought the apartment off-the-plan in February, 2018.He was attracted to its position in Palm Beach and its breathtaking views.“I just think it’s one of the best views on the Gold Coast,” he said.“We did a lot of upgrades in there and we did a lot of planning through the whole process.”He didn’t get the chance to live in the property like he had planned but made sure he enjoyed a drink inside the residence with his brother before listing it for sale.While reluctant to sell, Mr Hudson said business opportunities arose that he couldn’t pass up. “I’m going to be spending more time overseas,” he said.The residence has three bedrooms, all of which have ensuites while the main has a walk-in wardrobe.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Not a bad view to wake up to every day.The kitchen, living and dining areas are open and flow onto a wraparound balcony overlooking the coastline.The kitchen has a butler’s pantry, stone features and quality appliances while a built-in barbecue outside makes for easy entertaining.Other features include a powder room, video security access as well as two car spaces and storage space in the basement.The luxury development, which was finished recently, has 15 apartments with two per floor.Residents of the building can enjoy all of its facilities, including a heated pool, sun deck, and alfresco barbecue terrace. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59last_img read more

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