Shutting down coal plants: An industry worth $5.3 billion
Revenue worldwide from coal plant decommissioning services will total $5.3 billion from 2013 to 2020, according to a report from Navigant Research
Environmental remediation will be the most expensive part of many decommissioning projects, in particular, the disposal of coal ash, according to the report, “Coal Plant Decommissioning.” However, the value of scrap metal from the plant on the open market will, in some cases, fully offset the cost of demolition.
“Utilities and other plant owners face a series of complex decisions in retiring aging coal plants,” said Richard Martin, editorial director with Navigant Research. “Developing a strategic plan, in consultation with a company that has experience in these major plant decommissioning projects, will be a critical element of the process of retiring these facilities and remediating the associated environmental issues.”