Origin Energy

Australia’s Origin Energy is the target of an $18.4 billion (USD 11.3 billion) takeover bid by a consortium led by Canadian investment giant Brookfield Asset Management which plans to divide the business and invest another $20 billion by 2030 to support the gen-tailer’s transition to clean energy.

The New South Wales government will stage a competitive tender to secure at least 600 MW of long duration storage as well as 380 MW of firming capacity as the state looks to fill the gap created by the impending closure of the country’s biggest coal generator.

The owner of Australia’s biggest coal-fired generator has added another large-scale solar PV project to its renewable energy portfolio with the acquisition of the 60 MW Yanco Solar Farm being developed in the New South Wales Riverina region.

Origin Energy has secured planning approval for a 700MW/2,800MWh grid-connected battery to be developed at the site of its coal-fired Eraring power station in the New South Wales Hunter Valley.

Origin Energy’s ambition to accelerate the growth of its renewable energy portfolio saw progress this week with the acquisition of the pre-construction 900 MW Yarrabee Solar Farm. Origin’s new renewable expansion strategy took shape after conceding in 2021 that its fossil fuel business was haemorrhaging under the strain of low renewables prices.

The New South Wales Government is advancing its plan to build the “biggest network battery in the southern hemisphere” by 2025 as it looks to shore up a reliable energy supply ahead of the impending closure of the coal-fired Eraring Power Station.

Australia’s largest energy retailer Origin Energy has ramped up plans for the delivery of large-scale renewable energy projects as it prepares to replace the capacity set to be withdrawn from the grid with the impending closure of the nation’s biggest coal-fired power station.

Origin Energy’s announcement that it is accelerating the closure of Australia’s largest coal-fired power station has triggered calls for the Federal Government to develop a nationally co-ordinated approach to manage the retirement of fossil fuel generation as well as support investment in new clean energy generation.

Supermarket giant Coles will be 100% powered by renewable energy in less than four years’ time after the company announced the last of the power purchase agreements needed to meet the ambitious target were signed this week.

Australia’s biggest energy retailer Origin Energy will team with Japan’s largest oil refiner Eneos to explore the potential of establishing a commercial-scale green hydrogen supply chain between Australia and Japan.