Renewables win the race because their cost keep falling. Bloomberg New Energy Finance.
"Wind and solar costs fall sharply. The levelised costs of generation per MWh for onshore wind will fall 41% by 2040, and solar photovoltaics by 60%, making these two technologies the cheapest ways of producing electricity in many countries during the 2020s and in most of the world in the 2030s."
So basically, who is going to want to make an economic decision with a 25-30 year life for coal without risking a stranded asset?
