Bloomberg Law
Jan. 30, 2023, 10:00 AM

Cheaper to Replace US Coal Plants With New Solar, Wind: Report

Carly Wanna
Carly Wanna
Bloomberg News

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Add to the list: It would also save money.

Nearly all existing US coal plants require more cash to operate than the cost of replacing them with new wind or solar projects, according to a report published Monday by San Francisco-based climate think tank Energy Innovation.

The finding is in line with past research by BloombergNEF that determined building new solar and wind farms is cheaper than operating existing coal or gas power plants in much of the world.

Critical to the cost advantage of renewable energy in ...