AGL to close SA gas power plant in 2026 as renewable energy rises

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Energy elephantine AGL volition adjacent South Australia’s Torrens Island B gas-fired powerfulness works successful 2026 arsenic costly fossil fuel-based generators crossed the grid look escalating unit from upwind and star pummelling their profits and viability.

AGL, which has already mothballed 1 portion astatine the state works due to the fact that of “challenging conditions”, connected Thursday said the 3 remaining units would adjacent connected June 30, 2026.

AGL’s Torrens Island powerfulness  presumption    successful  South Australia.

AGL’s Torrens Island powerfulness presumption successful South Australia.Credit:Daniel Kalisz

The institution cited the planned completion of a caller interconnector cablegram linking the South Australian and New South Wales powerfulness grids, which would “further interaction gas-fired procreation successful South Australia and, arsenic a result, the economical viability of the powerfulness station”.

“Today’s announcement is not expected to person a worldly interaction connected underlying nett ... owed to the challenged economical viability of the powerfulness station,” the institution said successful a statement.

AGL, the nation’s largest powerfulness supplier and heaviest greenhouse state emitter, is continuing to look intensifying unit from billionaire activistic capitalist Mike Cannon-Brookes and different cardinal shareholders to accelerate the decarbonisation of its powerfulness procreation fleet. Earlier this year, the committee resolved to adjacent its last-remaining ember plant, Loy Yang A successful Victoria’s Latrobe Valley, up to 10 years earlier successful 2035, and put $20 cardinal connected renewable vigor and back-up “firming” assets by 2036.

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While AGL’s caller clime strategy won the backing of 70 per cent of voting shareholders astatine its yearly capitalist gathering past week, Cannon-Brookes has vowed to support pressing for adjacent faster and deeper emissions cuts that would align with the Paris Agreement’s eventual purpose of limiting planetary heating to 1.5 degrees.

AGL connected Thursday said the determination to adjacent Torrens B followed cautious information with stakeholders including the South Australian government. The institution said was powerfully committed to moving with its workers, unions and governments to assistance “transition and further make the skills and capabilities required for caller and existing vigor industries” arsenic Australia’s vigor strategy shifts to a low-carbon future.

AGL said Torrens Island continued to beryllium an important tract for AGL’s aboriginal procreation plans, and would beryllium the tract of 1 of its projected low-carbon concern vigor hubs.

It said it would proceed to beforehand plans to alteration the Torrens Island tract to a low-carbon concern vigor hub.

AGL said Torrens Island continued to beryllium an important tract for AGL’s aboriginal procreation plans, and would beryllium the tract of 1 of its projected low-carbon concern vigor hubs.

“Over the past 4 years, AGL has invested $475 cardinal successful large vigor projects connected Torrens Island, including the 210-megawatt Barker Inlet Power Station, which opened successful 2019, and the 250-megawatt Torrens Island battery, which is expected to beryllium operational mid-2023, providing important firming capableness and strategy information to the grid,” the institution said.

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