Renewable energy could render five of Australia’s remaining coal plants unviable by 2025

Renewable energy could render five of Australia’s remaining coal plants unviable by 2025

The Guardian

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A new report suggests previous estimates understated the amount of cheap solar and wind energy entering the national electricity market

Up to five of Australia’s remaining 16 coal power plants could be financially unviable by 2025 due to a flood of cheap solar and wind energy entering the electricity grid, a new report suggests.

An analysis by two groups – the consultants Green Energy Markets and the Institute for Energy Economics and Financial Analysis (Ieefa) – found previous estimates had understated the amount of renewable energy likely to enter the national electricity market in the next five years, and its ramifications for the ageing coal fleet.

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