Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 3 related plants in PECWeb
en
Researched by Industrial Info Resources Australia (Perth, Australia)--More than $6 billion in coal-fired power stations in Australia are being affected by the increased environmental regulations imposed by the Australian government, such as the carbon energy tax. Raising impacts from the carbon tax is forcing several energy providers to consider a permanent shutdown of their existing coal-fired power plants.
Stanwell Corporation Limited's (Queensland, Australia) 500-megawatt (MW) Wandoan power station and Waratah Coal Incorporated's (Queensland) 450-MW Galilee power station, both in Queensland, are two significantly huge projects that are being planned with a total investment of more than $4 billion.
Stanwell decided to put a hold on the development of the 500-MW Wandoan Coal project, following rejection by the Carbon Capture and Storage (CCS) Flagships Program. Similarly, Waratah Coal's 450-MW Galilee Phase I power project have been earmarked for closure due to high emissions and questions about their viability under carbon pricing. The initial proposal of Waratah was to build a 900-MW power plant in two phases.
Morwell Coal Power plant is a $790 million project proposed by HRL Limited (Victoria, Australia) in Morwell, Victoria. After a series of continuous assessments to go ahead with the project, HRL declared to put breaks on the development. Several other plants, including the 1,400-MW Munmorah in New South Wales, are on the list.
Few of the companies are also focusing on converting their existing coal-fired plants to renewable energy plants. The 240-MW Playford B and 540-MW Northern power stations at Port Augusta, both owned by Alinta Energy Group (Sydney, Australia), are likely to be converted to solar power stations.
Support for the carbon tax is unsurprisingly and steadily growing among economists, scientists, environmental leaders and several other public officials.
According to the research done by Industrial Info, "The major trends observed in 2012 show a noteworthy decrease in the carbon dioxide emissions, with an approximate 52,000 tonnes from 50,000 tonnes during 2010-2011 and an increased interest in the Renewable Energy generation projects in Australia, which represents a larger portion of new generation capacity."
However, whether the new carbon tax regulations will win over the tactical maneuvers of political parties to achieve a low-carbon economy still remains a question.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Stanwell Corporation Limited's (Queensland, Australia) 500-megawatt (MW) Wandoan power station and Waratah Coal Incorporated's (Queensland) 450-MW Galilee power station, both in Queensland, are two significantly huge projects that are being planned with a total investment of more than $4 billion.
Stanwell decided to put a hold on the development of the 500-MW Wandoan Coal project, following rejection by the Carbon Capture and Storage (CCS) Flagships Program. Similarly, Waratah Coal's 450-MW Galilee Phase I power project have been earmarked for closure due to high emissions and questions about their viability under carbon pricing. The initial proposal of Waratah was to build a 900-MW power plant in two phases.
Morwell Coal Power plant is a $790 million project proposed by HRL Limited (Victoria, Australia) in Morwell, Victoria. After a series of continuous assessments to go ahead with the project, HRL declared to put breaks on the development. Several other plants, including the 1,400-MW Munmorah in New South Wales, are on the list.
Few of the companies are also focusing on converting their existing coal-fired plants to renewable energy plants. The 240-MW Playford B and 540-MW Northern power stations at Port Augusta, both owned by Alinta Energy Group (Sydney, Australia), are likely to be converted to solar power stations.
Support for the carbon tax is unsurprisingly and steadily growing among economists, scientists, environmental leaders and several other public officials.
According to the research done by Industrial Info, "The major trends observed in 2012 show a noteworthy decrease in the carbon dioxide emissions, with an approximate 52,000 tonnes from 50,000 tonnes during 2010-2011 and an increased interest in the Renewable Energy generation projects in Australia, which represents a larger portion of new generation capacity."
However, whether the new carbon tax regulations will win over the tactical maneuvers of political parties to achieve a low-carbon economy still remains a question.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
