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Premium Content Subscriber only Stanwell Corporation has formally announced it will move from fossil fuels to renewables in what will be a game-changer for the power industry in the country. Touted as Australia’s third-largest greenhouse gas emitter and Queensland largest power generator, the news has been praised by conservation and environmental councils. The Queensland Government-owned corporation operates three coal plants including Tarong, Tarong North and Stanwell just west of Rockhampton. In a statement released ahead of the future energy summit in Gladstone on Wednesday, Stanwell CEO Richard Van Breda said the corporation must shift its focus towards new energy technologies. ....
21 April 2021 Queensland government-owned energy giant Stanwell Corporation says the company’s future must be in renewables and storage rather than coal, in a delicately-worded statement that rang an early death knell for the company’s two coal-fired power plants. In a statement on Wednesday, chief executive Richard Van Breda gave few concrete details of exactly how the coal-heavy company – which suffered a $720 million plunge in profit last year – would transition away from coal. But he made it clear he saw no future for coal beyond the lifespan of Stanwell’s two coal plants, which he said the company would use more “flexibly” over the course of the transition, potentially putting them in “standby” mode before they were retired altogether. ....
Stanwell reveals move away from coal themorningbulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themorningbulletin.com.au Daily Mail and Mail on Sunday newspapers.
Stanwell reveals move away from coal gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.
He said Stanwell wanted to take early steps to bring governments, unions, workers and communities together to plan for the transition and to assist workers into retraining, redeployment or retirement. âAustralia is undergoing a major energy transition and itâs happening at a rapid pace,â Van Breda said. âThe energy market is shifting from fossil fuel generation to renewable energy and storage. âOver the coming years, Stanwell will respond to the renewable energy needs of our large commercial and industrial customers through new low- or zero-emission generation technologies. We will also strive to play a central role in the emerging green hydrogen industry. ....