Fri, Dec 19, 2014, 4:11 AM EST - U.S. Markets open in 5 hrs 19 mins


% | $
Quotes you view appear here for quick access.

Peabody Energy Corp. Message Board

  • shortseller Jun 30, 2013 5:56 AM Flag

    Germany-Solar and wind do not work-we need many new coal plants

    German officials from Angela Merkel and others are expressing dismay at the wasted money spent on solar and wind.
    Germany is forging ahead with at least 23 new clean coal electric plants and 6 of which are opening this year. German officials want to be able to compete globally and that means they must have reliable inexpensive power.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Google "Germany To Open Six More Coal Power Stations In 2013"

      "Germany’s dash for coal continues apace. Following on the opening of two new coal power stations in 2012, six more are due to open this year, with a combined capacity of 5800MW, enough to provide 7% of Germany’s electricity needs.

      Including the plants coming on stream this year, there are 12 coal fired stations due to open by 2020. Along with the two opened last year in Neurath and Boxberg, they will be capable of supplying 19% of the country’s power."

    • Germany has also closed the door on Nuclear, shutting them all down the last I heard. Coal will be the only reasonable replacement on that scale of power, considering the cost of natural gas there.

      • 1 Reply to historyrepeats45
      • Correct. NG in the Euro zone it prohibitively expensive. LNG is an expensive alternative as well. Without nuclear, Germany has no choice but to import more coal. For a macro-grid to really work, one needs at least one dispatchable energy resource. Solar is a great on-site, distributed resource, but not a great large centralized resource - yet. With continued lower LCOE, and better large scale storage, Solar may work as a large scale dispatchabe feedstock.

        Germany also has very impressive clean coal technology. The energy economic dynamics will be interesting....How does BTU compare to ACI for export to the Euro zone?

    • thank you shortseller for the positive and encouraging statement you made about btu...... i also am positive and see the potential and you made the statement that you try to avoid the politics and i also would like to keep politics out of it and if they were out of it there would be a tremendous surge in this companies growth

    • it seems from all sources that i have read the industrialized and emerging countries in the world are turning to coal as an inexpensive way of producing electricity so that they will be able to more effectively compete in the export market and at the same time keep the cost of electricity down so the people of each of those countries will have more money to grow their economy

    • And The Netherlands, whose iconic symbol is the windmill, has admitted that wind is not a feasible energy source for power generation.

    • shortseller...the Germans are a great manufacturing culture, with a skilled labor pool that can produce high quality products that are exported worldwide. They don't want to give up these jobs...period.

      Germany and Spain gave subsidized alternative energy programs a valiant effort, but it's proved to be too expensive when balanced against the cost of implementation and the subsequent impact on residential and commercial power rates.

      President Obama basically stated last week that he didn't care about the cost; that the environment trumps affordability and lost jobs. At least he's still employed for the next 3.5 years, and has a terrific government pension to look forward to.

8.09+0.13(+1.63%)Dec 18 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.