, APAC
199 views
Photo by Kelly : https://www.pexels.com/photo/industrial-machinery-working-with-coal-6595788/

New coal plant construction outside China to reach nine-year low

Only 2 GWs started construction this year.

Coal power plant that began construction outside China is expected to hit a nine-year low in 2023, with construction starts recorded for the year only under two gigawatts (GW).

In a report, Global Energy Monitor (GEM) said the figure, is well below the annual average of annual 16 GW for the same set of countries from 2015 to 2022.

“Seeing new coal starts bottom out and the face-off between projects under consideration versus those that have been dropped is a welcomed dose of reality ahead of tough negotiations at COP28,” said Flora Champenois, Project Manager for the Global Coal Power Tracker. 

“Governments, utilities and banks all have a role to play in accelerating the global coal to clean energy transition, starting with an end to new coal projects,” she added.

ALSO READ: China leads in global bioenergy capacity

From January to September, GEM’s Global Coal Power Tracker found that 18.3 GW of coal capacity were shelved due to lack of updates or cancellation, but the decline in coal under construction was tempered by 15.3 GW of entirely new proposals.

The new proposals under consideration were from India (8.6 GW), Indonesia (2.5 GW), Kazakhstan (4.1 GW), Mongolia (0.5 GW), and 4.2 GW that were previously shelved or cancelled and were re-proposed.

The tracker also found that 39 GW of additional coal capacity were considered cancelled from being shelved, up from 32 GW in 2022.

GEM also said that 110 GW of coal power capacity that remains under construction outside China, with India, Bangladesh, and Indonesia, accounting for 83% of the total.

Of the 67 GW under construction outside China as of July 2023, 84% were from India (31.6 GW), Indonesia (14.5 GW), Bangladesh (5.8 GW) and Vietnam (5.4 GW).

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs. 
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.