RWE published estimates that up to 40’000 MW of coal-fired capacity (5% of total installed capacity) will have to be shut in continental Europe due to more stringent regulation. While old plants are shut, it becomes increasingly difficult to build new coal-fired power plants. In December alone, two major coal-fired projects in Germany were cancelled. EnBW announced the cancellation of the 900 MW Dörpen project and Danish utilty Dong shelved the construction of the 900 MW Greifswald plant. As a result, reliably available capacity is set to tighten going forward, which will have positive implications for power prices.