Woodside sells 10pc stake in Scarborough project for $1.34bn
The $1.34bn deal will ease the capital expenditure burden on Woodside to develop the $16.5bn project in WA that is the subject of intense environmental opposition.
The $1.34bn deal will ease the capital expenditure burden on Woodside to develop the $16.5bn project in WA that is the subject of intense environmental opposition.
The result is a significant improvement on last year’s performance, but will dent the capacity of EnergyAustralia to invest in new renewable energy generation assets.
The parties have agreed to give the regulator an extra month to review the deal, which is seen as a watershed moment for Australia’s energy transition.
Tasmania’s Premier has cast doubt on a transmission link that the country’s energy market operator says is vital for Australia’s green energy transition.
In her first public remarks since activists were arrested outside her home, Meg O’Neill says the incident was ‘unacceptable’.
So-called Virtual Power Plants are expected to dominate the grid as a growing number of Australian households and businesses install solar and batteries.
Victoria’s ban on new gas connections has uprooted the industry with one gas operator already seeking to become an electricity retailer to households and businesses.
The innovative, jointly funded deal, will see 20MW of solar installed across 100 supermarkets and bottle shops over the next three years.
The sunshine state will require wind farm developers to meet higher environmental and local impact tests to secure licences in a move to placate opposition ahead of next year’s state election.
The group’s deal with Reliance will aid its renewable energy plans if it succeed with its $18.7bn deal for Origin Energy.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/60