Zhejiang Taizhou-1 power station

Zhejiang

2002

1260

MW

6.4

MT/y

Zhejiang Taizhou-1 power station

Profitable?

No

Profitable?

Yes

Annual CO2 emissions saved

6.4

MT / year

Total W-S-B investment need

4.135

Bn. $

Investment breakdown

Investment Sum

This power plant can be profitably converted to S-W-B with a $4.135 Bn total investment.

This power plant can be converted to S-W-B with a $4.135 Bn total investment.

Solar

1,819

M. $

Wind

2,165

M. $

Battery

151,270

M. $

Production costs

5.2

ct/kWh

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

4.41

ct/kWh

Production cost of renewable energy

Technical breakdown

Renewables installed capacity

Solar

2799

MW

Wind

1866

MW

Battery

133

MWh

Renewable energy production

Share of Solar-Wind to match current coal production

44.3

%

55.7

%

Solar

Wind

Renewables area

Total area required for Wind-Solar mix*: 66.64 km²

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

22.39

km²

66.64

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

1179

kwh/kwp

Mean wind speed

6

m/s

Impact

90%

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

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