“The 2028 closure of Victoria’s Yallourn Power Station announced by EnergyAustralia is a major transition for the State, the energy market and the Latrobe Valley – but one that can be managed smoothly,” Innes Willox, Chief Executive of the national employer association Ai Group said today.
“Australia’s coal power fleet has underpinned our economy and everyday lives for many decades. But these generators are ageing and the growth of renewable energy and climate urgency are speeding their retirement. Ai Group has said for some time that this need not be cause for concern as long as we have confidence that there will be:
- adequate replacement energy, along with flexible resources and any new infrastructure needed to support it;
- equitable treatment of the workers, communities and supply chains affected; and
- both the time and investment-grade policy environment to get these solutions in place.