Origin Energy

Origin Energy, Fortescue and Canadian renewables company Amp Energy are among a group of energy majors that have signed up to pursue projects at the multi-billion-dollar Port Bonython hydrogen hub being developed in South Australia’s Upper Spencer Gulf region.

Energy generating and retailing major Origin Energy has given the green light for a 300 MW / 650 MWh big battery to be built alongside its 566 MW gas-fired power station at Mortlake in southwest Victoria.

Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.

The Brookfield-led consortium looking to acquire Origin Energy has come back with a “best and final” bid that values the company at approximately $20 billion (USD 12.85 billion). The offer comes just days after the energy utility’s largest shareholder rejected the previous bid.

Australia’s antitrust watchdog has approved Brookfield’s takeover bid for Origin Energy, clearing the way for shareholders to vote on one of Australia’s largest recent corporate buyouts.

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.