75 per cent of Australia’s coal-fired power plants to retire by 2035

• 2 hours ago (2026-02-02)
• David Flin

Australasia 64 Coal 350

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A report from BloombergNEF (BNEF) states that it expects 75 per cent of Australia’s fleet of coal-fired power plants to retire by 2035.

Australia’s coal fleet currently makes up 45 per cent of its total power generation. However, old age, increased competition from low-cost renewable energy, and government decarbonisation targets are driving many coal-fired power plants to early retirement.

Sahaj Sood, Senior Associate at BNEF said that the coal retirements need to happen rapidly if Australia is to meet its decarbonisation goals. Sood said: “The country’s clean power transition is now a delicate balancing act: moving too quickly could compromise energy security, but moving too slowly could mean failing to achieve its newly updated Nationally Determined Contribution (NDC) to reduce emissions between 62 per cent and 70 per cent on 2005 levels by 2035.”