After decades of faithful service, the Yallourn power station in Victoria’s Latrobe Valley will retire in mid-2028. EnergyAustralia has reached an agreement with the Victorian Government to deliver an orderly retirement of the power station.
Under the agreement, EnergyAustralia will retire Yallourn in mid-2028 and build new storage capacity through a 350 MW, four-hour, utility-scale battery project that will be completed by 2026. This ensures energy storage is built to firm increased renewable energy in Victoria, before Yallourn exits the system.
Yallourn’s workforce will be supported through a multimillion-dollar package to help them plan, reskill or retrain for their future. This support is in addition to worker entitlements.
EnergyAustralia’s goal is to be carbon neutral by 2050. Yallourn’s retirement will reduce the company’s emissions profile by 60 per cent, accelerating the pathway towards achieving this ambition.
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.
Further information is available below: