From the Wall Street Journal:
Czech Firm Makes Unusual Bet on Coal Power Plants
Not everyone in Europe has doubts about the future of coal.
While European utilities have been selling off their coal-fired power plants at a brisk pace, spurred by falling electricity prices and new rules against carbon-dioxide emissions, a least one buyer has been standing by to snap them up.
Since 2013, a little-known Czech company has purchased at least 10 coal- or lignite-fired power plants and related mines at fire-sale prices, in deals worth a total of more than $7 billion, according to data provider Dealogic. That gives it almost as much coal-derived electricity-generating capacity as Canada.
Heh - eventually people will wake up from the fever dream that coal is bad and when they do, they will find that their crown jewels are now owned by someone else. Renewable energy is not baseload - the two choices for reliable and cheap energy are coal and nuclear. They're not just buying the power plants:
In September, Swedish utility giant Vattenfall sold German lignite assets to EPH valued at an estimated $3.8 billion, according to Dealogic, one of the Czech company’s biggest deals. Germany’s focus on building renewable power capacity has left it reliant on more polluting fuels such as lignite on days when wind and solar don’t produce enough.
Beginning to end solution - the idea that solar and wind can provide sustainable cheap power is ludicrous especially considering the coming cold climate. More people die from cold than from heat.
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