Our failure to recognise the risk of unplanned power plant closures, like the one announced this week, has left the electricity grid in a precarious position. This will drive supply shortages, increase prices and harm Australian communities.
10 March 2021
EnergyAustralia will close the Yallourn Power station four years earlier than planned, announcing an accelerated closure date of mid-2028 as coal generators face the impacts of falling electricity prices and the rising costs of maintaining ageing infrastructure.
EnergyAustralia had previously indicated that the power station would close in 2032, when the power station is expected to exhaust its supplies of coal from the Yallourn mine, but analysts have said the rapidly changing market and the ageing generator’s inability to handle flexible output would likely mean an early closure.
EnergyAustralia announced that as part of the closure plans, a new big battery facility would be built at Jeeralang in the Latrobe Valley, with 350MW of capacity and up to four hours of storage.
Regulator Expects Another Huge Year For Solar In Australia
Regulator Expects Another Huge Year For Solar In Australia
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The Clean Energy Regulator’s latest Quarterly Carbon Market Report reaffirms what a successful year it was for renewable energy in Australia in 2020 – and more of the same is expected this year.
The December Quarter 2020 Quarterly Carbon Market Report released yesterday notes 7 gigawatts of new renewable energy capacity was delivered across Australia last year, exceeding the Regulator’s original estimate of 6.3GW by quite a margin.
Small-scale Solar Power Shines Again – And Will Continue To
3 GW of the capacity installed last year came via the Small-scale Renewable Energy Scheme, so to those Australians who installed solar systems in 2020 – take a bow.
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