Australia's Power Grid Faces Growing Pains as Renewables Rapidly Replace Coal
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Unplanned coal power plant outages and natural disasters impacting transmission lines have made Australia the world's most volatile power market.
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Renewables accounted for a record 39% of Australia's power supply last quarter as the country rapidly replaces aging coal plants.
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Fluctuations from intermittent renewables challenged Australia's main power market, contributing to unprecedented failure last year.
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About 9.5 GW of Australia's 23 GW of operating coal plants will close this decade as utilities shift to cleaner energy.
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Australia's government is investing $13 billion to modernize the electricity grid and support more renewables adoption.