Alinta offers energy deal in exchange for Eraring extension
The energy retailer’s offer is another move to capitalise on concerns about how to extend the lifespan of NSW’s largest source of power.
The energy retailer’s offer is another move to capitalise on concerns about how to extend the lifespan of NSW’s largest source of power.
Industrial action at Woodside is likely to be averted after 15 hours of negotiations resulted in an in-principle agreement between the company and unions.
Alinta Energy is interested in purchasing NSW’s largest coal-fired power station, but it will need to overcome a long list of obstacles.
The energy group has endured lower revenues as gas prices also dipped from the record highs in 2022.
The gas infrastructure company is moving to diversify its earnings away from fossil fuels with a deal to buy Alinta’s WA assets.
Only four renewable energy generation projects have secured financial commitments this year, sparking fresh concern over Australia’s ability to reach its 2030 targets.
The fuel group’s interim profit more than halved as a golden period of soaring revenues from refining margins ebbed.
An independent report commissioned by the NSW government has recommended the state strike a deal to prolong the lifespan of the Eraring coal power station.
Investors dump Woodside shares after the energy major slashed its dividend by 27 per cent, despite its profit rising to $2.7bn.
The fuel giant’s interim earnings show the boom times that delivered so-called ‘extreme margins’ are coming to an end.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/41