Cultivate a Second Life for Decommissioned Power Plants
Friday, April 02, 2021
The generation landscape for utilities is in a state of constant change. The decarbonization movement is driving difficult decisions as coal-fired power plants close amid the transition to renewable generation. But there is opportunity within that disruption.
Decommissioned power plant sites offer industrial developers a great deal of opportunity — specifically, decades of well-maintained assets. The majority of these facilities were built more than 50 years ago with access to everything they needed to operate — connections that would require extensive time and capital investments to put in place today. Rather than seeking greenfield locations, industrial developers should take a closer look at repositioning these sites.