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Today

Origin Energy chief executive Frank Calabria simply couldn’t get past the risks associated with hydrogen.

What really killed Origin’s big hydrogen dream

It’s becoming clear that optimism, ambition and government support are not enough to compensate for the risks facing hydrogen project developers like Origin Energy.

  • 46 mins ago
  • James Thomson
Origin Energy chief executive Frank Calabria said the company would focus its efforts on renewable energy generation rather than hydrogen.

Origin Energy abandons big hydrogen plans in blow to fuel’s future

The electricity and gas giant will not proceed with a project in the Hunter which had been shortlisted for funding as part of Labor’s $2 billion incentive scheme.

  • Kylar Loussikian and Elouise Fowler

Yesterday

Peak-demand utility expands solar farm portfolio by a third

CleanPeak Energy has bought three farms from a European company listed on the Warsaw, Prague and Frankfurt Stock Exchanges. 

  • Elouise Fowler

This Month

A wind turbine at the Ararat wind farm, 100 per cent of which is for sale.

OPTrust, Partners Group seek $500m exit at Victoria’s Ararat wind farm

The 75-turbine Ararat was Australia’s third-largest wind farm in terms of planned capacity when it started being built in 2015. Now, it is up for grabs.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

September

A security guard at the Tavan Tolgoi development in Mongolia, where Jade Gas says it will drill for gas.

Drifting former telco turned Austrian miner gets unstuck in Mongolia

Jade Gas has bounced around for three decades, and is trying its luck with coal seam gas in the ex-communist country. Could this be the ASX’s next gas giant?

  • Elouise Fowler
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Rooftop solar has flooded the energy grid.

Payments for rooftop solar slashed as energy grid overloads

Households with rooftop solar will get up to a third less for supplying their energy to the grid as retailers cut rates in response to an oversupply.

  • David Marin-Guzman
EnergyAustralia is cutting solar feed-in tariffs in response to sharp falls in solar weighted wholesale energy prices.

No end to Australia’s love affair with solar

Rapidly declining solar feed-in tariffs could change the way Australian households manage their renewable energy. That is bound to be good for the grid.

  • Tony Boyd
Boral chief executive Vik Bansal has also been chairman of ASX-listed LGI for two years. The stock is up 83 per cent since its IPO.

Investors in Vik Bansal’s biogas side hustle are up 85pc

The Boral CEO is also chairman of ASX-listed biogas group LGI, which has 32 waste landfill sites and supplies electricity into the grid when returns are highest.

  • Simon Evans
APA is studying pipelines that would transport gas from exploration ventures in the Beetaloo Basin in the Northern Territory.

UniSuper faces uprising from scientists over its support of gas

More than 1000 members of the $140 billion industry super fund have signed a letter to its board demanding it leverage its influence over APA Group or risk greenwashing.

  • Hannah Wootton
WA’s economy is more dependent on gas than any other state.

New gas projects approved, but supply buffer shrinks

Labor has approved two small gas projects in Victoria, hot on the heels of a new warning that gas supplies are shrinking.

  • John Kehoe
OPEC+, which groups OPEC members and allies such as Russia, is scheduled to raise output by 180,000 barrels per day in December.

Oil falls on report OPEC+ will boost supply in December

Saudi Arabia is committed to dropping its unofficial $US100 a barrel price target to win back market share, the Financial Times also reported.

  • Maha El Dahan, Olesya Astakhova and Alex Lawler
Santos has been trying to develop the Narrabri gas project in NSW for 14 years.

Santos cleared of coercion over Narrabri land access

The result of an inquiry into an Environmental Defenders Office complaint comes as NSW extended a Santos “authority to survey” for a pipeline for Narrabri gas.

  • Angela Macdonald-Smith
AGL CEO Damien Nicks (r), chairwoman Patricia McKenzie and chairman-elect Miles George (l) at the AGM in Melbourne today.

Cannon-Brookes’ Grok fails to back AGL board on exec pay

The decision by Mike Cannon-Brookes’ private company to abstain on the remuneration vote signals tensions over emissions reduction plans are unresolved.

  • Angela Macdonald-Smith
Woodside chief executive Meg O’Neill in Sydney last month.

Investors quit Woodside as shares languish

Dissatisfied investors say a share buyback would have been a better use of its capital than two US acquisitions.

  • Angela Macdonald-Smith
Shell Australia chairwoman Cecile Wake says regulatory and policy settings are putting at risk investment vital to the transition.

Shell says ‘dysfunctional’ rules putting energy transition at risk

The London-listed group’s local chairwoman, Cecile Wake, says high hurdles for its gas projects are now emerging in its big renewable generation portfolio.

  • Angela Macdonald-Smith
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Opposition Leader Peter Dutton.

Nuclear debate stalls as detail goes missing in action

The information vacuum includes the costings behind the Coalition’s nuclear vision and a realistic assessment from Labor about the problems in the way of 2030 climate targets.

  • Angela Macdonald-Smith
CORE Markets co-founder and chief executive Chris Halliwel is leading the fundraising efforts.

Carbon broker CORE Markets eyes $25m raise for Asia push

The effort, assisted by Rennie Advisory, is well under way, with roadshows and management presentations in train since July.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The Waitsia gas project in Western Australia is currently the only onshore venture in the state allowed to export gas.

WA opens narrow window for onshore gas exports

The Cook government’s revised policy may not be enough to achieve the aims of encouraging more gas exploration and development, some commentators say.

  • Tom Rabe, Angela Macdonald-Smith and Brad Thompson
Enel’s Bungala solar farm near Port Augusta was one of the projects where output was cut back.

Solar farm output wastage tops 99pc in South Australia

Almost all the output from SA solar farms was cut off at one point last Sunday as owners sought to avoid losses as a flood of renewables sent prices plunging.

  • Angela Macdonald-Smith

Why Rio Tinto has bought 3000 hectares of grazing land

The mining company will plant 750,000 pongamia trees on the property near Townsville as it attempts to create a renewable replacement for diesel.

  • Peter Ker

Original URL: https://www.afr.com/companies/energy