Australian coal plants are retiring, faster than announced?

Australian coal fired power plants may be closing faster than previously believed according to the latest report from the Australian Energy Market Operator. Ten coal-fired generators have retired over the last decade. Owners of all but one plant of the remaining fleet have announced retirements between now and 2051, with about half announcing retirements by 2035. This would continue the steady rate of retirement since the peak of installed capacity in 2012. The ISP forecasts suggest that the remaining coal fleet will close two to three times faster than those announcements. About 90% of the NEM’s coal fleet is forecast […]