Australia is delaying the closure of its biggest coal plant because there is not enough wind and solar capacity to replace the baseload generator yet. This is according to Bloomberg, which reported that Origin Energy had received a request from the New South Wells government, where the plant is located, to keep it in operation for longer than the utility initially planned. For that, Origin would receive financial assistance to the tune of about $150 million annually.
The call from the state government to Origin Energy comes amid a growing chorus of warnings about blackouts if Australian utilities continue to retire coal generation capacity at the current pace. The latest came earlier this week from the Australian Energy Market Operator, which also noted a growing population as a reason for the increased risk of blackouts.
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