Eraring: Angus Taylor says closure of Origin Energy coal plant
Federal Energy Minister Angus Taylor said the closure of Origin Energy’s Eraring coal-fired power station in 2025 would leave a ‘considerable gap’ in supply.
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Federal Energy Minister Angus Taylor said the closure of Origin Energy’s Eraring coal-fired power station in 2025 would leave a ‘considerable gap’ in supply.
Eraring is the latest in a string of announcements for early coal plant closures. The fundamental reason is the brutal impact of renewables on coal’s profitability.
The energy market operator said new battery, gas and pumped hydro projects should fill the gap when the 2800 megawatt Eraring coal-fired power station closes in 2025.
Coal power generator and renewables advocates, including Fortescue Future Industries, have clashed on the likely pace of transition in the power grid.
Investors see an optimistic future for Australia's clean energy sector, as long as regulators remove the roadblocks.