Business
Renewable energy boom could force coal power to close early, says new report – ABC News
An analysis of Australia’s energy market has found a number of the nation’s coal-fired power stations could be financially unviable by 2025 and at least one may…
An analysis of Australia’s energy market has found a number of the nation’s coal-fired power stations could be financially unviable by 2025 and at least one may be forced to close early.
Key points:
- Solar and wind plants will add 70,000GWh to the grid by 2025
- Coal-fired generation will drop by 28 per cent
- Industry acknowledges increasing pressure
The joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) think thank and advisory firm Green Energy Markets attempts to quantify…
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