The New South Wales (NSW) Labor government must do everything it can to stop the closure of the Eraring Power Station, with one think tank warning its shutdown could trigger major energy shortages and price hikes. Eraring’s seemingly inevitable closure will follow that of Liddell Power Station, Australia’s second-largest power plant, which supplied power to…
No End to Price Shocks: Think Tank Warns Against Closing Australia’s Largest Power Station
June 6, 2023
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AustraliaBusiness & Marketseconomic policiesenergyEraring Power StationLiddell Power Stationnet zeroOrigin EnergyWorld
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Energy Company Bets Big on Australia’s Largest Battery as Major Coal Power Plant Set to Close
April 21, 2023
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AustraliaBusiness & MarketsChris MinnsCompanieseconomic policiesenergyEraring Power Stationnet zeroNew South WalesNSWOrigin EnergyWorld
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One of Australia’s largest coal-fired power stations—that supplies a quarter of New South Wales’ (NSW) energy needs—will soon close and be replaced by the country’s largest battery in the rush to reach net-zero. On April 20, Origin Energy, one of the “Big Three” energy providers, servicing 4.2 million households and businesses, said it would spend…
North American Energy Group $18.7 Billion Bid for Australia’s Origin Energy
Australia’s largest energy retailer Origin Energy is one step closer to getting its multi-billion dollar acquisition deal through. On March 27, Origin announced it had entered into a scheme implementation deed with a consortium led by Canada’s Brookfield and its U.S. partner EIG to buy all of the company’s listed capital. This is a breakthrough…
Major Australian Energy Retailer Launches Electric Car Subscriptions
A major Australian energy company has launched a range of month-to-month electric vehicle (EV) subscriptions in a bid to boost the EV adoption rate in the country. On March 8, Origin Energy announced that it will now offer a number of EV subscription services to customers in Australia, following similar moves by other energy companies…
Origin Energy Raises Earnings Forecast Amid Ongoing Takeover Bid
Australian energy retailer Origin Energy has raised its earnings forecast for the 2022-2023 financial year while it awaits a binding takeover bid from two global investment giants. On Jan. 27, Origin Energy updated its earning forecast by lifting the earnings before interest, tax, depreciation and amortisation (EBITDA) for the current financial year from $500-$650 million…
‘Be Honest’: Energy Chief Warns of Massive Investment for Transition to Green Energy
One of Australia’s biggest electricity and gas companies has warned the massive investment required to go green will put upward pressure on power bills. “A future built on renewable energy with new technology, such as electric vehicles, is something to look forward to,” Origin Energy chief executive Frank Calabria told a business event. “But delivering the energy…
Major ‘Green’ Investor Lobs $18 Billion Bid for Australian Energy Firm to Speed up Net-Zero
November 9, 2022
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AGL EnergyAustraliaBrookfield Asset ManagementBusiness & MarketsCompaniesenergyInternationalMike Cannon-BrookesOrigin EnergyWorld
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One of the world’s largest “alternative” asset managers, Brookfield has lobbed an $18.4 billion (US$11.82 billion) takeover of one of Australia’s largest energy suppliers in a move likely to hasten the country’s net zero push. Headquartered in Toronto, Brookfield Asset Management has put a combined bid along with its affiliates to buy out Sydney-based Origin…
Global ‘Green’ Investor Lobs $18 Billion Bid for Australian Energy Firm to Speed up Net-Zero
November 9, 2022
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AGL EnergyAustraliaBrookfield Asset ManagementBusiness & MarketsCompaniesenergyInternationalMike Cannon-BrookesOrigin EnergyWorld
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One of the world’s largest “alternative” asset managers, Brookfield has lobbed an $18.4 billion (US$11.82 billion) takeover of one of Australia’s largest energy suppliers in a move likely to hasten the country’s net zero push. Headquartered in Toronto, Brookfield Asset Management has put a combined bid along with its affiliates to buy out Sydney-based Origin…
Global ‘Green’ Investor Lobs $18 Billion Bid for Major Energy Firm to Speed up Net-Zero
November 9, 2022
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AGL EnergyAustraliaBrookfield Asset ManagementBusiness & MarketsCompaniesenergyInternationalMike Cannon-BrookesOrigin EnergyWorld
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One of the world’s largest “alternative” asset managers, Brookfield has lobbed an $18.4 billion (US$11.82 billion) takeover of one of Australia’s largest energy suppliers in a move likely to hasten the country’s net zero push. Headquartered in Toronto, Brookfield Asset Management has put a combined bid along with its affiliates to buy out Sydney-based Origin…
‘Big 3’ Power Providers Announce Price Hikes Amid Ongoing Energy Volatility
July 6, 2022
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AGL EnergyAustraliaBusiness & Marketseconomic policiesEnergyAustraliaInternationalMarketsnet zeroOrigin EnergyWorld
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Households and businesses in Australia will pay more for electricity and gas in the coming months as energy providers work to deal with soaring wholesale costs. The latest of the “Big Three” energy providers, EnergyAustralia, announced its price hikes set to affect around two-thirds of its 2.4 million customers on Aug. 1. The other one-third…
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