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Portland smelter rescue deal to cost Victoria $1.1 billion over 4 years
The bailout of the Portland aluminium smelter is arguably the dumbest thing the normally sensible Andrews Labor state Government will have committed to. And it will bear direct subsidy and power costs that amount to more than $500,000 per direct employee, per year.54 -
Hazelwood owner ENGIE seeks large scale solar power stations in Australia
Engie to invest in new large scale solar farms as it prepares to close Hazelwood, confirming the rapid shift from coal fired power to solar in Australia. Still, conservatives and fossil fuel lobbyists are continuing to attack renewables. -
Hazelwood to close as energy transition gathers pace in Australia
With no economic option to clean it up, and no buyer, the French owner of Victoria’s Hazelwood coal power plant has confirmed it will close in March 2017. Engie also looking to sell Loy Yang B coal plant, and WA Kwinana gas station, as it transitions to low-carbon generation. -
Hazelwood owner Engie launches push for 1,000GW of solar
Engie, the owner of the dirty Hazelwood brown coal generator, launches an initiative to have 1,000GW of solar installed in the world by 2030. That would keep the world on track to meet its 2C target, and is the first big sign that the private sector will seek to deliver on the ambitious targets agreed in Paris.
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