, Australia

Coal-fired generation share in Australia’s electricity to fall to 47% in 2024: IEA

This is due to capacity retirements and increase in renewables.

The share of coal-fired generation in the electricity of Australia is expected to decline to 47% by 2024 from 53% in 2021 due to retirement of some of its capacities and the addition of renewable energy.

In the Electricity Market Report, the International Energy Agency (IEA) said most capacity additions in the country last year were led by renewables, with 1.3 gigawatts (GW) of new wind capacity and 4.7 GW of solar power.

On the other hand, 2 GW of coal-fired capacity will be retiring in the next two years, with Lidell Power Station closing its first unit of 500 megawatts (MW) in April 2022, whilst its remaining three units of 1,500MW will close in April 2023.

IEA also noted that there were new battery projects in Australia including the 1.2GW facility at Kurri Kurri, set the become the world’s largest batter, which will be completed next year. It added that the country’s electricity market moved to five-minute settlement in October last year which is seen to favour fast-acting resources like batteries.

Renewable generation share grew 18% in 2021 and is expected to continue increasing due to continued capacity additions. Gas generation, meanwhile fell 16% in 2021 and is expected to decline by around 3% yearly up to 2024.

Australia targets net-zero carbon emission by 2050 and pledged to cut its emissions to 35% below 2005 levels by 2030, the report read.

Follow the links for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.