Origin Energy exits CWP Renewables contest
After being subject to a buyout from Brookfield and EIG, Origin has left the competition to buy one of the country’s largest renewable energy providers
After being subject to a buyout from Brookfield and EIG, Origin has left the competition to buy one of the country’s largest renewable energy providers
The competition for CWP Renewables is being delayed by one of the bidders.
Long-term contracts cannot be broken by the federal government if it intervenes in the domestic gas market, says MidOcean.
Industry insiders believe Origin Energy and its Canadian partner are frontrunners to secure CWP Renewables.
Former Origin chairman Kevin McCann and chief executive Grant King said the weight of private capital is transforming Australia’s listed-company landscape.
Origin Energy is concerned several more years of rising household power bills could spark a backlash on green electricity, and warns coal exits may need to be delayed.
Origin is well ahead on decarbonisation and a very different business to AGL, says Brookfield, as it plans a $18.4bn takeover of the group.
Origin Energy is understood to be pressing ahead with its bid for the $4bn renewable energy business CWP Renewables.
A major Origin Energy shareholder has provisionally backed an $18.4bn takeover bid, adding momentum to the deal even though a string of regulatory hurdles remain, according to analysts.
The handling of the buyout proposal from Brookfield and EIG by Origin Energy’s directors was being praised around the market at the weekend.
The private equity group in line to take control of the energy company’s stake in the Australia Pacific LNG project says it is not phased by short-term volatility.
Brookfield is likely to face an anxious wait for ACCC approval over its $18.4bn tilt at Origin Energy.
Regulatory concerns loom as a major hurdle for Brookfield and EIG’s $18.4bn takeover of Origin Energy.
Brookfield has promised a $20bn cash pile to deliver Origin Energy’s transition to green energy.
Global players can recognise the value of Australia’s resource assets.
The challenge for Brookfield is to convince Origin’s customers it can deliver low cost and reliable electricity in the midst of an energy crisis.
The most compelling reason to back the $18.4bn takeover of Origin Energy is that it is in the national interest.
An $18bn foreign takeover bid for Origin Energy has shown why the energy giant should be worth more to the right local buyer than the $9 offer price accepted by the board.
Origin Energy’s Eraring power station could be extended beyond 2025 depending on market conditions, Brookfield says.
Origin shares soar 35 per cent as analysts say Brookfield’s bid, which would split the energy giant in two, is a knockout offer with just one hurdle.
Original URL: https://www.theaustralian.com.au/topics/origin-energy/page/10