{"id":4009,"date":"2014-09-29T09:38:20","date_gmt":"2014-09-28T23:08:20","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=4009"},"modified":"2017-10-25T09:59:59","modified_gmt":"2017-10-24T23:29:59","slug":"big-end-town-bails-coal","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/","title":{"rendered":"Big end of town bails out of coal"},"content":{"rendered":"
\"coal<\/a>

The smart money is moving out of coal. Hurrah!<\/p><\/div>\n

Ever considered the consequences of mega coal companies investing in solar power?<\/p>\n

This week news came through of the world\u2019s largest coal miner \u2014 Coal India Limited \u2014 pumping a cool $1.2 billion<\/a> into the development of 1,000MW solar plants in the country.<\/p>\n

Under huge pressure to source their energy in a more environmentally friendly way, the public-owned company is helping carry out the new Indian government\u2019s effort to promote domestic renewable energy. Researching sites to establish the solar plants throughout the various states has already begun.<\/p>\n

However this news \u2014 major though it was \u2014 paled into insignificance compared to reports this week that the philanthropic arm of the Rockefeller family is leading an international move away from fossil fuels and towards clean energy<\/a>.<\/p>\n

The consequences are potentially enormous for fossil fuels. The Rockefeller\u2019s divestment signals that clean energy is not just better for our health and the environment. but adds weight to the hard-headed business sense behind coal companies investing in solar power.<\/p>\n

The Rockefellers, the famous name behind Standard Oil, issued a statement saying The Brothers Fund was \u201c…committing to a two-step process to address its desire to divest from investments in fossil fuels.\u201d<\/p><\/blockquote>\n

As one of the United States most successful and canny investors, they have long bought into fossil fuel ventures as a way of making huge profits. Preferring to stay out of the public limelight, the Rockefeller family have gained a mighty reputation for recognising a good earner when it stares them in the face.<\/p>\n

However this news proves that the Rockefellers do worry about that triple bottom line and (a) understand the public clamour for investment in clean energy and (b) can see that renewables now challenge fossil fuels as a viable energy source.<\/p>\n

So back to our question about the consequences of coal companies investing in solar power. If major business and government players are looking to renewables as a financially viable future energy option as well as one that is environmentally friendly, how long before they completely bail out of coal? Is news like the Indian government investment and the Rockefellers’ drive towards a clean energy future a sign of: \u201cIf you can\u2019t beat \u2018em, join \u2018em\u201d?<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever considered the consequences of mega coal companies investing in solar power? This week news came through of the world\u2019s largest coal miner \u2014 Coal India Limited \u2014 pumping a cool $1.2 billion into the development of 1,000MW solar plants in the country. Under huge pressure to source their energy in a more environmentally friendly […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[37],"class_list":["post-4009","post","type-post","status-publish","format-standard","hentry","category-economics","tag-finance","entry"],"acf":[],"yoast_head":"\nBig end of town bails out of coal - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Ever considered the consequences of mega coal companies investing in solar power?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big end of town bails out of coal\" \/>\n<meta property=\"og:description\" content=\"Ever considered the consequences of mega coal companies investing in solar power?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-28T23:08:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-10-24T23:29:59+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/09\/coal-cash-solar.jpg\" \/>\n<meta name=\"author\" content=\"Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\"},\"author\":{\"name\":\"Staff Writer\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/cdfada92425341cb1b48bf0bcfa1feb7\"},\"headline\":\"Big end of town bails out of coal\",\"datePublished\":\"2014-09-28T23:08:20+00:00\",\"dateModified\":\"2017-10-24T23:29:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\"},\"wordCount\":389,\"commentCount\":10,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/09\/coal-cash-solar.jpg\",\"keywords\":[\"finance\"],\"articleSection\":[\"Economics Of Solar\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/big-end-town-bails-coal\/\",\"name\":\"Big end of town bails out of coal - 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A new report from TAI states Victoria\u2019s gas and coal power fleet is the most unreliable in Australia; with Loy\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Victoria coal power unreliable","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/victoria-coal-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/victoria-coal-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/victoria-coal-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/victoria-coal-power.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/victoria-coal-power.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":18235,"url":"https:\/\/www.solarquotes.com.au\/blog\/fpl-coal-solar-power-mb0410\/","url_meta":{"origin":4009,"position":1},"title":"Lights Out For FPL Coal Plant, While Solar Powers Up","author":"Michael Bloch","date":"January 10, 2018","format":false,"excerpt":"Florida Power & Light (FPL) has shuttered another coal-fired power station and brought four new solar farms online - with more to come. The ageing 1,300MW St. Johns River Power Park (SJRPP) was officially shut down on Monday as it was no longer economical to operate. Closure of the facility\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"FPL coal retirement and solar rollout","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/coal-solar-power.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":24947,"url":"https:\/\/www.solarquotes.com.au\/blog\/coal-power-retirements-mb0780\/","url_meta":{"origin":4009,"position":2},"title":"16GW Of U.S Coal Power Retirements By Late 2021","author":"Michael Bloch","date":"October 11, 2018","format":false,"excerpt":"The latest U.S. Federal Energy Regulatory Commission (FERC) Energy Infrastructure Update doesn't offer much joy to coal power supporters. 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Last week we mentioned U.S. President Trump had directed Secretary of Energy Rick Perry to prepare immediate steps to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"President Donald Trump - nuclear and coal power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/trump-coal-nuclear-plan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/trump-coal-nuclear-plan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/trump-coal-nuclear-plan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/06\/trump-coal-nuclear-plan.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":58887,"url":"https:\/\/www.solarquotes.com.au\/blog\/duke-energy-coal-2354\/","url_meta":{"origin":4009,"position":4},"title":"Another Major US Energy Company Ditching Coal Power Early","author":"Michael Bloch","date":"February 14, 2022","format":false,"excerpt":"Continuing a trend in the USA, Duke Energy announced last week it plans to accelerate its exit from coal power. North Carolina headquartered Duke Energy's electricity utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky; and collectively own 51GW of electricity generation capacity. The\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Duke Energy coal power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/duke-energy-coal.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":94547,"url":"https:\/\/www.solarquotes.com.au\/blog\/battery-rebate-to-deliver-a-coal-plant-of-power-in-18-months\/","url_meta":{"origin":4009,"position":5},"title":"Battery Rebate To Deliver A Coal Plant Of Power In 18 Months","author":"Max Opray","date":"September 23, 2025","format":false,"excerpt":"The federal battery rebate is set to play a crucial role in reaching Australia's new 2035 emissions target, with SolarQuotes analysis revealing that the power output of additional battery storage capacity installed under the scheme will soon match that of Australia's largest coal plant. How Much Storage Capacity Has The\u2026","rel":"","context":"In "Battery Storage"","block_context":{"text":"Battery Storage","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/battery-storage\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/09\/coal-emissions-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/09\/coal-emissions-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/09\/coal-emissions-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/09\/coal-emissions-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/09\/coal-emissions-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=4009"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4009\/revisions"}],"predecessor-version":[{"id":4014,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4009\/revisions\/4014"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=4009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=4009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=4009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}