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Financing costs rising for coal plants
Posted on: December 17, 2020 at 08:39:34 CT
Knucklehead MU
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An example from Australia. Coal plants are very capital intensive. Even a 3% rise in financing costs can have a big impact on their economic prospects.
Investors record huge write down of investment in 10 year old coal plant.
https://www.abc.net.au/news/2020-12-17/bluewaters-coal-fired-power-station-written-off-books/12990532
Investors record huge write down of investment in 10 year old coal plant.
https://www.abc.net.au/news/2020-12-17/bluewaters-coal-fired-power-station-written-off-books/12990532
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Financing costs rising for coal plants - Knucklehead MU - 12/17 08:39:34