March 9, 2021 Read More →

EnergyAustralia plans to close Yallourn four years early

ABC News:

Energy Australia will close the Yallourn power station in Victoria’s Latrobe Valley in mid-2028, four years ahead of schedule, and build a giant power-generating battery instead.

The brown coal-fired plant produces about a fifth of the state’s electricity and is Victoria’s oldest power station.

Recent analysis by Green Energy Markets and the Institute for Energy Economics and Financial Analysis (IEEFA) predicted up to five of Australia’s 16 coal plants could close by 2025 because of an expected 28 gigawatts of clean energy expected to be connected to the grid.

The analysis found if power prices continued to decline Yallourn, along with the Eraring, Mt Piper, Vales Point B and Gladstone black-coal plants would be making a loss by 2025. 

[Jarrod Whittaker]

More: Energy Australia to close Yallourn power station early and build 350 megawatt battery

Posted in: IEEFA In the News

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