I am kind of curious if China just straight up doesn't care about the long term viability of the coal plants. They need the power, they can afford to build the plant now to provide the power, and are willing to take the loss on it being a stranded asset in 10-15 years.
I think the cost of the stranded asset might be less than the cost of not developing in their calculations.
Riiiight. Taking this loss prevents a bigger picture, long term loss.
Capacity is growing but total coal consumption is shrinking. It is their backup strategy (like gas in Germany). üüIf battery prices keep their steep decline they will take over most of the backupn- and coal utilization will keep going down.