Solar panel, battery manufacture on Brookfield agenda
The group’s deal with Reliance will aid its renewable energy plans if it succeed with its $18.7bn deal for Origin Energy.
The group’s deal with Reliance will aid its renewable energy plans if it succeed with its $18.7bn deal for Origin Energy.
The result will intensify debate about the value of Brookfield and MidOcean’s $18.7bn deal for Origin Energy, which is a watershed moment from Australia’s energy transition aspirations.
Australia’s largest energy utility wants to build batteries across much of the nation’s eastern seaboard, boosting the energy transition and allowing it to profit from market volatility.
Cashing in on coal miners, Super Retail Group, Origin Energy and Qantas has seen Merlon’s Concentrated Value Strategy achieved an impressive return in the coveted Mercer survey.
The ACCC has flagged potential concerns about Brookfield’s ownership of transmission company AusNet as it weighs its watershed $18.7bn Origin takeover bid.
Origin Energy will trial Allegro Energy’s redox flow battery at its Eraring power generator, in a move that could blaze a path to mainstream use.
The development of the huge battery comes as Australia falls increasingly behind in developing storage to back up renewable energy.
Origin Energy says the progress of expanding the poles and wires network has been too slow and incentives must be offered to secure landowner permission.
Brookfield and EIG have promised to increase spending on new renewable energy generation assets by up to an additional $10bn if they secure ACCC approval to take over Origin.
NSW Energy Minister Penny Sharpe has warned further delays to Snowy Hydro 2.0 present a ‘seriously challenging’ situation for the government
The takeover target has boosted its earnings outlook by more than half a billion dollars this year, with the latest improvement on the back of coal price caps and good results from the UK.
The sharemarket has finished 0.4 per cent stronger with gains across the broad ahead of the Reserve Bank’s latest rate decision. Energy was the best performing sector, followed by utilities and health care.
Construction of a $600m battery at Eraring comes as debate swirls about whether the coal-fired power station should be kept open beyond 2025.
Canada’s Brookfield has kicked off a green deal as part of a potential $20bn investment spree should it land a takeover deal for Origin Energy.
A massive investment slate for Origin from its incoming owner will provide “critical mass” needed to kickstart a local renewables industry.
Origin’s electric vehicle subscription plans, designed to encourage EV uptake, are a flexible and affordable solution that seek to address cost barriers.
Brookfield will hold talks with incoming NSW Premier Chris Minns on the future of Australia’s biggest coal plant amid fears of blackouts.
What the Canadian investment giant is planning for Origin Energy could determine whether the lights stay on in seven years.
A blockbuster deal has been struck for two North American investors to buy one of Australia’s biggest energy players.
Brookfield and EIG were due to meet with Origin Energy on Sunday to put the finishing touches on their $15bn buyout proposal.
Original URL: https://www.theaustralian.com.au/topics/origin-energy/page/8