Latest
EnergyAustralia plots $5b-plus transformation of ageing Yallourn plant
The country’s third-largest electricity and gas retailer wants the site of the coal power station, set to close in 2028, to become a new renewables precinct.
Looming east coast gas reserve could cut prices by 20pc
Labor is targeting a domestic reservation system that would ensure enough extra gas to bring down prices but not so much that producers rein in output.
ConocoPhillips strikes gas in closely watched Victoria drilling
The “encouraging” find, which could be the largest in Australia for several years, was reported by the US company and junior partner 3D Energi.
SunCable signs deal with traditional owners for giant solar farm
The 70-year “multi-million-dollar” agreement will allow for the construction of a 12,000-hectare solar farm on Powell Creek Station in the remote Northern Territory.
Data centre ambitions no obstacle to net zero: CDC CEO
Greg Boorer said unused capacity in Australia’s power system represented an opportunity to create an export industry that could dwarf the mining sector.
This Month
Waratah battery problem a ‘bump in the road’: GIP’s Stewart
Rob Stewart, managing partner of GIP Australia, part of the BlackRock group, plays down the impact of a transformer failure on the energy storage project.
Waratah super battery ‘failure’ reveals cracks in $1b contract award
Akaysha Energy won the right to develop the massive NSW storage project despite not having delivered a similar asset, a key criterion of the government auction.
$900m NSW solar-storage venture breaks renewables project drought
Octopus’ commitment to build the Blind Creek project east of Canberra is the first final investment decision in large-scale renewables since the June quarter.
Net zero tensions erupt on eve of Liberals’ party room showdown
A raft of Liberals are threatening to quit the frontbench if the term net zero is dumped, but broader tensions threaten to linger beyond policy resolution.
You know who believes in climate change? The sharemarket
Clean energy stocks and those that benefit from the rise in climate-fuelled disasters have absolutely trounced the S&P over the past five years.
‘Catastrophic’ failure delays massive $1b Waratah super battery
The BlackRock-owned development is the largest storage project in the world and a key part of the transition away from coal power.
The Nationals want to dump net zero. Why that’s harder than it looks
Critics of Australia’s emissions target say it is an expensive handbrake on the country’s prosperity. But abandoning it would not be cost free either.
Woodside banks on fossil fuel surge to lift dividends by 2032
The energy giant’s CEO Meg O’Neill has surprised investors with plans for a rapid expansion of its major LNG project under construction in the US.
Labor’s free hours of power not as good as it sounds, retailers warn
Introducing a three-hour window of free power in a benchmark tariff may mean higher tariffs at other times as retailers look to recover their costs.
Manufacturers mull gas exploration to secure supply as shortage looms
Goods producers and energy traders are among those considering backing a drilling project off Victoria next year, lured by the possibility of cheap power.
October
Coal power workers brace for hit as AGL cuts 300 jobs
AGL says cuts are needed to remain competitive in the evolving energy market, but unions say it is trying to avoid obligations to transition workers.
Former AGL Energy CEO Andy Vesey exits Forrest’s Fortescue
The businessman was one of the few remaining faces from a remarkable era at the company, when it recruited high-profile people for its clean energy pivot.
Glencore walks away from taxpayer-funded clean energy pivot
Multinational miner Glencore has abandoned a federally funded plan to build a giant solar, wind and battery hub for the loss-making Murrin Murrin nickel mine.
Household batteries could prove a boon for owners, and for the grid
Retailers need to get in gear and make more attractive offers to connect a huge resource of storage and solar generation to the national market.
Kerry Schott: cutting to the chase on the energy transition
The recipient of the AFR Energy Awards’ Lifetime Achievement Award cites her explanations about the ins and outs of the transition as a career highlight.
Householders need to share batteries to limit transition cost: AEMO
Households need to share batteries for the benefit of the grid to avoid increasing the cost of energy transition, energy market operator CEO Daniel Westerman warned.
Even a bailout may not save Tomago smelter
The aluminium smelter is facing a more-than-doubling in its energy costs from January 2029, undermining its economics, said chief executive Jerome Dozol.
Labor underwrites renewable developments ‘unlikely’ to meet 2030 goals
AGL Energy is expected to decide in three years whether to proceed with one project awarded taxpayer backing, putting a decade-end timeline at risk.
Alinta progresses merger talks with Singapore’s Sembcorp
Top-level talks between Singapore and Australia’s Prime Ministers that included discussions on energy fuelled expectations of a likely deal on Alinta Energy.
Cannon-Brookes rejects AGL climate plan, demands faster action
AGL shareholders would benefit from a more ambitious path to renewable energy, said the tech billionaire’s Grok Ventures.