Australia’s Alinta expands renewables push, expects early closing of Loy Yang coal plant

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:Australian utility Alinta Energy is ramping up its push into renewables, citing stunning low costs that will enable dispatchable wind and solar to compete with existing fossil fuel plants.In a wide-ranging interview on RenewEconomy’s Energy Insiders podcast, Alinta CEO Jeff Dimery says the company has enjoyed record profits in the past year, but also flags the likely early closure of coal-fired power, including the Loy Yang B brown coal generator in Victoria.Alinta currently has a partly filled mandate for 1,000MW of wind and solar plants across the country, a call out for offers that attracted more than 100 different wind, solar and storage proposals. Dimery says this mandate is now being increased to 1500MW.One of the reasons is the stunning fall in wind and solar costs. Alinta has just held a formal ceremony to mark the start of construction of the 212MW Yandin wind farm in Western Australia, which will not just be the biggest in the state, but also likely the cheapest in the country.Alinta, or at least its parent company CTFE, also owns the Loy Yang B brown coal generator in Victoria, which currently has a license to operate until 2047. But Dimery makes it clear that it is unlikely to stay open that long – the lower cost of renewables, and the emergence of storage means that the transition to a renewables-dominated grid was going to happen anyway.“Do I think we’ll be there in 2047? Unlikely,” he says. “We are going through a fairly major transition…change is coming, and it is coming rapidly. Technology cost curves have made the debate about a carbon target redundant. I mentioned earlier that 2047 was our license (for Loy Yang B). I would think that we are probably talking early 2030s when those assets will really struggle to be around,” he says, based on his “gut feel” from 20 years in the industry.More: Stunning low costs inspire Alinta to ramp up renewables push, flag early coal exit Australia’s Alinta expands renewables push, expects early closing of Loy Yang coal plantlast_img

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