Origin Energy

Origin Energy has secured a $45 million (USD 28.7 million) commitment from the New South Wales government to advance the development of a commercial-scale green hydrogen manufacturing hub on Kooragang Island near Newcastle.

Brookfield’s plans to acquire Origin Energy face a potential snag with the energy company’s largest shareholder, AustralianSuper, saying the $18.7 billion (USD 12 billion) takeover deal offered by the Canadian investment giant “substantially” undervalues the business.

Brookfield Asset Management has inked a deal with Chinese multinational Envision Group to explore opportunities for manufacturing of clean energy equipment in Australia to support its plan to develop up to 14 GW of renewable generation and storage facilities in the country within the next decade.

Origin Energy and supermarket giant Coles have partnered to deploy 20 MW of solar at up to 100 supermarkets and liquor stores throughout Australia in a deal that will allow the energy gentailer to use excess electricity generated by the installs to ease pressure on the grid during peak demand periods.

A grid-connected community battery has gone live in Sydney’s western suburbs with New South Wales electricity distributor Endeavour Energy trialling the technology as a means to maximise the benefits of rooftop solar generation and more efficiently manage supply and demand in the network.

Canadian giant Brookfield, which is currently in the process of formally acquiring Origin Energy, has announced its partnership with little-known developer Greenleaf Renewables. The partnership, Brookfield said, will contribute to the 14 GW of renewable generation and storage it plans to build to decarbonise Origin.

Canadian investment giant Brookfield will acquire the remaining 50% stake in Spain-based renewables developer X-Elio from its joint venture partner, investment firm KKR. X-Elio has more than 500 MW of projects in development in Australia and the move from Brookfield, which is also currently looking to takeover Origin Energy, a major Australian “gentailer,” extends the ambitious company’s hold in Australia.

Australian energy management software company Simble Solutions is partnering with energy heavyweight Origin Energy in a move which it said will help its commercial and industrial customers make the transition to net zero emissions.

The Brookfield-led North American consortium courting Origin Energy has finally come back with a revised bid for the company, valued at roughly $18.2 billion (USD 12.5 billion). The offer is only fractionally lower than the initial bid, which came as a relief for the market, and has been endorsed by Origin’s board.

Queensland government-owned network provider Energex will partner with Australia’s largest energy retailer Origin Energy to deploy 35 neighbourhood batteries across the city of Ipswich as part of an $10 million (USD 7.1 million) initiative designed to better manage the increasing penetration of rooftop solar PV in the region.