Most of America's coal plants are more expensive to run than wind and solar
Wind and solar costs have plunged so rapidly that 74% of the US coal fleet could be phased out for renewable energy -- and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank. That figure of at-risk coal plants in the United States rises to 86% by 2025 as solar and wind costs continue to plunge. The research demonstrates how it's increasingly more expensive to operate existing coal plants than build clean energy alternatives.
In 2016, natural gas surpassed coal for the first time as America's leading power source. Meanwhile, the share of total power generation from coal-fired power plants plunged from 48% in 2008 to just 28% last year, according to government statistics. And the rise of renewables means that the economics have once again swung against coal.
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