Minnesota co-op Great River Energy to close 1,146MW Coal Creek power plant by end of 2022

Dec 31, 2020 gqwtpnhm

first_imgMinnesota co-op Great River Energy to close 1,146MW Coal Creek power plant by end of 2022 FacebookTwitterLinkedInEmailPrint分享Minneapolis Star Tribune:Great River Energy will shutter its big North Dakota coal-fired power plant several years early, an extraordinary move that underscores the waning cost-competitiveness of coal in electricity production.The Maple Grove-based company Thursday announced the closure of Coal Creek Station — one of the Upper Midwest’s largest power plants — in the second half of 2022. It will be replaced to a great extent with new wind farms, including four in Minnesota.The plant, which supplies power to hundreds of thousands of Minnesotans, has historically been a low-cost electricity producer — it’s adjacent to a coal mine, a big competitive edge. But due to dramatic changes in electricity markets in recent years, Coal Creek is losing money.“The real driver for this decision is economics,” said David Saggau, CEO of Great River, a nonprofit wholesale cooperative owned by 28 retail electricity co-ops, most of them in Minnesota.When the transformation is complete, Great River expects that two-thirds of its electricity will come from wind turbines. Much of the rest will come through purchases in the regional wholesale electricity market.U.S. coal plants are becoming increasingly uneconomic because of the rise of gas-fired power and renewable energy. Those developments, combined with coal’s environmental liabilities, are prompting more early plant closures.[Mike Hughlett]More: Minnesota’s Great River Energy closing coal plant, switching to two-thirds wind powerlast_img

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