Business
Coal’s retreat as renewables surge is a shock, but not a surprise – Sydney Morning Herald
The rise of renewables is killing off Australian coal energy faster than was foreseen, at once threatening supply certainty and cutting greenhouse gas emissions….
The coming period, Origin Energy boss Frank Calabria told shareholders last month in what looks today like sturdy understatement, was going to be messy.
Calabria was talking after Origins half-year profits had been slashed 98 per cent in large part due to power prices collapsing amid an accelerating influx of renewable energy into the grid.
EnergyAustralias Yallourn power station in the Latrobe Valley is to close early.Credit:Paul Jones
In this context Energy Australias announcement on Wednesday…
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