Posted by Jason Cartwright
March 10, 2021
This morning Energy supplier Energy Australia announced the closure of another indubitably one of Australia’s huge, dirty, coal-fired power stations.
After an extended time of faithful carrier, the Yallourn power station in Victoria’s Latrobe Valley will retire in mid-2028. While that timeline can also fright some, different energy storage solutions cherish batteries are losing in payment and over the subsequent 5+ years will ogle additional reductions.
EnergyAustralia has reached an settlement with the Victorian Authorities to bring an truthful retirement of the power station.
The closing of power stations in Victoria and Australia extra broadly, has traditionally been performed very poorly. Hazelwood Power Station became decommissioned motivate in 2017 and energy present grew to turn into below stress as a end result. Fortunately this time it appears to be like to be cherish we’ve learnt from that expertise and this settlement with the VIC Authorities can assist fund the retraining of workers.
Beneath the settlement, EnergyAustralia will retire Yallourn in mid-2028 and produce new storage capacity by a 350 MW, four-hour, utility-scale battery mission that shall be accomplished by 2026. This ensures energy storage is constructed to firm increased renewable energy in Victoria, earlier than Yallourn exits the system.
Yallourn’s personnel shall be supported by a multimillion-buck kit to assist them opinion, reskill or retrain for his or her future. This give a enhance to is to boot to to employee entitlements.
EnergyAustralia’s aim is to be carbon neutral by 2050. Yallourn’s retirement will reduce motivate the corporate’s emissions profile by 60 per cent, accelerating the pathway in opposition to achieving this ambition.
EnergyAustralia is obvious to disclose that coal-fired power can exit the market in a procedure that supports our of us and ensures customers continue to earn reliable energy.