The two plants selected for early shutdown currently produce about 7% of Australia’s total carbon emissions
Out would go Bayswater, AGL’s 2640-megawatt black coal-fired power plant in New South Wales’s Hunter Valley, between 2030 and 2033, rather than 2035 as previously flagged. And by 2045, the 2210MW Loy Yang A brown coal-fired station in Victoria would follow, compared with a 2048 schedule, the company said.
That at least was AGL’s objective, Graeme Hunt, the company’s chief executive told investors, adding with a flourish: “the path to net zero [emissions] will be the defining challenge of our era. Companies that don’t adapt, that don’t innovate, and don’t set themselves on this path will be left behind”.