Origin Energy

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.

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.