October 18, 2014
...AND CHEAPER...:
Wind Power Blows Away Coal and Gas in Nordic Countries (Nerijus Adomaitis, 10/17/14, Reuters)
Wind power is blowing gas and coal-fired turbines out of business in the Nordic countries, and the effects will be felt across the Baltic region as the renewable glut erodes utility margins for thermal power stations.Fossil power plants in Finland and Denmark act as swing-producers, helping to meet demand when hydropower production in Norway and Sweden falls due to dry weather.The arrival of wind power on a large scale has made this role less relevant and has pushed electricity prices down, eroding profitability of fossil power stations.
Posted by Orrin Judd at October 18, 2014 11:13 PM
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