- Yallourn power station will retire in mid-2028
- Multimillion-dollar package to support Yallourn workforce
- Commitment to build Australia’s first four-hour utility-scale battery of 350 MW capacity by 2026 in the Latrobe Valley – larger than any battery operating in the world today
- EnergyAustralia’s carbon dioxide emissions to reduce by over 60 per cent relative to today once Yallourn retires.
After decades of faithful service, EnergyAustralia has today announced the Yallourn power station in Victoria’s Latrobe Valley will retire in mid-2028 instead of 2032.
EnergyAustralia Managing Director, Catherine Tanna, said EnergyAustralia approached the Victorian Government with the plan to retire Yallourn and transition to cleaner energy in a way that does not leave the workforce or the community behind.
“The energy transition is too important to leave to chance – a plan that supports people, the Latrobe Valley and locks in energy storage capacity before Yallourn retires will ensure the smoothest transition possible,” said Catherine.
“Our $10 million support package, coupled with seven years’ advance notice, means our power station and mine site people will have time to plan, reskill or retrain,” she said.
“EnergyAustralia is determined to demonstrate that coal-fired power can exit the market in a way that supports our people and ensures customers continue to receive reliable energy.