Australia’s Biggest Coal Plant to Delay Closure by Two Years
- Eraring in New South Wales to continue to supply power to 2027
- Investments in clean generation capacity have lagged: BNEF
This article is for subscribers only.
Origin Energy Ltd. will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels.
The utility agreed to a request from the New South Wales government to keep operating the equivalent of two of the four units at the 2.9 gigawatt site — which accounts for about a quarter of power demand in Australia’s most populous state — until August 2027. Origin may receive compensation of as much as A$225 million ($149 million) a year from the state to help cover the cost of operations.