Canadian asset manager Brookfield’s dream of funding (and profiting from) Australia’s energy transition is alive, but it will likely need to cough up another few billion dollars if it is to win Origin Energy’s looming takeover war.

In a big victory, Brookfield has convinced the competition regulator that it is in Australia’s interest for it to own and run Origin’s energy markets business, even though it is a big owner of other energy infrastructure and provided questionable evidence in its submissions.