Suitor Brookfield has pledged to spend billions more on renewable energy investments,which is way higher than the target can outlay.
The inescapable reality is that at this price,the bid for Origin Energy is doomed to fail.
Origin Energy chairman Scott Perkins says his board will do what it can to ensure investors are happy with Brookfield’s takeover bid.
The competition watchdog has approved the acquisition of Australia’s largest energy retailer,but large shareholders think the bid undervalues the company.
NSW’s planning department is “actively hostile” to renewables,industry says.
When it comes to its environmental credentials,a risk-averse Minns’ government is favouring short-term fixes over long-term reform.
The only thing that upsets climate and energy ministers more than the risk of climate change is the threat of blackouts,so get used to more coal.
Origin Energy is primed to benefit as the NSW government works with the energy group to keep Australia largest coal-power station,Eraring,open beyond its 2025 closure date.
The NSW government’s “check up” of the electricity network has recommended it enter into negotiations to extend the life of Australia’s largest coal-fired power station.
Power and gas giant Origin has swung to a full-year profit of more than $1 billion as it recovers from a turbulent 12 months.
The owner of one of the largest coal-fired power stations in NSW may delay its closure amid concerns about the slow rollout of clean energy across the grid.