Mark Collette said While existing coal is cheaper than other forms of generation, investors and financiers view it as a legacy technology. One which will be replaced. The only question is when.

Mark Collette, head of energy at Energy Australia, said, “While existing coal is cheaper than other forms of generation, investors and financiers view it as a legacy technology, one which will be replaced – the only question is when.”

He said renewables were only a partial solution and Energy Australia – which owns the 1480MW Yallourn brown coal plant in Victoria – had a “technology neutral” view of what should replace coal power.

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