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https://www.theguardian.com/business/2022/sep/29/agl-to-unveil-plan-to-close-coal-fired-power-station-loy-yang-a-a-decade-early>
"AGL Energy will shut down Australia’s biggest single carbon polluting power
plant a decade earlier than planned, changing the closure date of its
coal-fired Loy Yang A power station in Victoria from 2045 to 2035.
The company, Australia’s biggest electricity generator and polluter, is
accelerating its exit from coal, according to a plan released to the stock
exchange on Thursday. The strategy details its transition to renewable energy
after opposition from its largest shareholder, billionaire Mike Cannon-Brookes,
forced it in May to ditch plans to demerge.
The company will leave unchanged the plan to shut its Bayswater black
coal-fired power station in New South Wales’ Hunter Valley between 2030 and
2033, a statement by AGL to the stock exchange on Thursday showed.
AGL predicted it will have the largest portfolio of renewable energy and
storage of any listed company in the country. The early closure of Loy Yang A
could avoid 200m tonnes of carbon dioxide-equivalent emissions, the company
said."
Good news.
Share and enjoy,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
