According to Bloomberg, the global energy crisis has forced a German electricity producer to halt a power plant after it ran out of coal.
Steag GmbH - which operates six large-scale hard coal plants in Germany with an installed capacity of more than 4,000 MW - closed its Bergkamen-A plant in the western part of the country this week due to shortages of hard coal, it said by email.
Still the utility is optimistic that the plant will come back online "Quite soon." The Bergkamen-A plant was halted four times in September for as many as six days at a time due to external factors, according to filings.
Three other German coal plants were halted on Friday for maintenance.
The closure, similar to what we have observed over the past two weeks in China, is the first sign that Europe may need to count on mild and windy weather to keep the lights on as the continent faces shortages of natural gas and coal is unlikely to come to rescue.
GERMAN MONDAY BASELOAD POWER TRADES AT 179 EUR/MWH TRDEBD3, UP 88.4% FROM FRIDAY DELIVERY AS WIND AND SOLAR SUPPLY EXPECTED TO HALVE. As a reminder, amid soaring gas and coal prices across the globe which have resulted in widespread fossil fuel shortages, China ordered its state-owned companies to secure supplies at all costs and Europe is burning more of its already depleted stocks of the dirtiest of fossil fuel, a move that may complicate climate talks next month.
As a result of the failure of "Green" renewable sources of energy to fill the demand gap, European utilities have turned to coal due to shortages of natural gas, recently stepping in to the spot market to secure cargoes and even asking Russia for more supplies.
https://www.zerohedge.com/energy/german-power-plant-halted-after-it-runs-out-coal
No comments:
Post a Comment