AGL will close Victoria’s coal-fired power station Loy Yang A a decade early

Energy company accelerates its exit from coal, although timeline for closure of Bayswater in the NSW Hunter Valley remains unchanged

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AGL Energy will shut down Australia's biggest single carbon polluting power plant a decade earlier than planned, changing the closure date of its coal-fired Loy Yang A power station in Victoria from 2045 to 2035.

The company, Australia's biggest electricity generator and polluter, is accelerating its exit from coal, according to a plan released to the stock exchange on Thursday. The strategy details its transition to renewable energy after opposition from its largest shareholder, billionaire Mike Cannon-Brookes, forced it in May to ditch plans to demerge.

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