Shin Seocheon power station

South Chungcheong

2021

1018

MW

3.9

MT/y

Shin Seocheon power station

Profitable?

No

Profitable?

Yes

Annual CO2 emissions saved

3.9

MT / year

Total W-S-B investment need

2.125

Bn. $

Investment breakdown

Investment Sum

This power plant can be profitably converted to S-W-B with a $2.125 Bn total investment.

This power plant can be converted to S-W-B with a $2.125 Bn total investment.

Solar

1,129

M. $

Wind

903

M. $

Battery

92,180

M. $

Production costs

5.2

ct/kWh

Production cost of coal (Source: IEA World Energy Outlook 2022; adjusted)

3.86

ct/kWh

Production cost of renewable energy

Technical breakdown

Renewables installed capacity

Solar

1737

MW

Wind

781

MW

Battery

81

MWh

Renewable energy production

Share of Solar-Wind to match current coal production

53.7

%

46.3

%

Solar

Wind

Renewables area

Total area required for Wind-Solar mix*: 27.88 km²

*On sites with a high wind fraction, wind need = total need. Solar panels are placed within the area occupied by wind infrastructure.

13.90

km²

27.88

km²

Area use solar

Area use wind

Environmental conditions

Key environmental conditions around coal plant site (10,000 km2)

These are input values for the SwitchCoal model taken from the following reliable sources:

www.globalwindatlas.info | www.globalsolaratlas.info

Solar efficiency rate

1403

kwh/kwp

Mean wind speed

7

m/s

Impact

90%

of the world’s coal power plants can be profitably replaced by wind-solar-battery plants.

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