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ABC News
ABC News
Business
energy reporter Daniel Mercer

Australia's newest coal plant Bluewaters strips fortunes amid rapid rise of renewable energy

Coal Australia Renewable Energy Bruce Mountain AEMO Daniel Westerman Electricity Collie

In 2009, Western Australia's coal tycoon Ric Stowe was seemingly on to another winner.

After making his fortune mining the black fuel in Collie, 180km south of Perth, Mr Stowe was going downstream.

He was building his very own power station – a 440MW plant that would take coal from the mine he controlled before burning it to produce electricity.

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