Billionaire Mike Cannon-Brookes’ investment fund Grok says it is willing to work with a consortium of “constructive” new investors to rebuild the collapsed $35 billion Sun Cable project.
Australia’s top renewable energy group has urged legislators to reject a proposal to pay coal and gas-fired power stations to keep operating.
As the shift away from coal accelerates,a consortium involving AGL and the Future Fund has sealed a $2.7 billion deal to buy wind farm company Tilt Renewables.
Work has begun on a new $275 million wind farm in Victoria able to power more than 115,000 homes.
Danish energy company Vestas has announced plans to build wind turbines at the former site of the Ford automotive factory in Geelong,Victoria.