is so shocking, so seismic that it’s hard to wrap your head around.
It’s instructive that this offer would come just days after Origin Energy shocked the industry by announcing it would bring forward the closure ofThe economics of coal-fired power generation are clearly changing rapidly and while this creates massive challenges for the supply of reliable and affordable baseload power, it also creates big opportunities for firms like Brookfield that can provide the capital required to fund the transition to renewables.
This is a transition that will clearly require lots of patience, lots of skills and lots of capital – in AusNet’s home state of Victoria, for example, it is estimated that between now and 2050, $10 billion will be needed just to fund the connection of renewable projects to the grid.And that’s just one part of the pot of money that will be needed in one state. No wonder Brookfield, which raised a $US12.
Brookfield and Cannon- Brookes clearly see immense value in AGL at it’s current price.
If MCB runs AGL like Atlassian , AGL will declare a $b+ loss and its stock value will go up. AGL will not have to pay tax for decades
yeap took my house of the grid, on VPP originenergy ... plenty of COAL left for SCOMO
And blows up ScottyFromWelding ‘s energy and climate policy.
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Brookfield, Cannon-Brookes launch bid for AGL to ‘accelerate coal exit’Tech billionaire Mike Cannon-Brookes and Canadian fund manager Brookfield have launched a bid to take over Australian energy giant AGL and close its coal power plants sooner | Exclusive by NickToscano1 NickToscano1 The sooner the better ClimateAction NickToscano1 Wow! NickToscano1 Brilliant idea! And I the process show Australia that we DON’T NEED fossil fuels!! 👍🏼🇦🇺🔋
Source: theage - 🏆 8. / 77 Read more »
Mike Cannon-Brookes and Brookfield in bid to take over AGL and shut down coal plants earlierEnergy giant assessing unsolicited bid worth up to $8bn from tech billionaire and Canadian investment firm Wow! 🇦🇺 Tech Billionaire with one of Worlds biggest asset Mgrs deciding to accelerate the transition to renewables and using their money to back it up! Don’t get in the way of Gen Y/Z Billionaires and Capitalist Asset Mgrs…. Scomo…how’s them retinas? What a great strategy. How does your coal fire grid look now Scotty? A Labor government will be a much better bet as they help workers transition to new jobs. Well that looks like putting a fox into the conservative henhouse.
Source: GuardianAus - 🏆 1. / 98 Read more »
Mike Cannon-Brookes and Brookfield in bid to take over AGL and shut down coal plants earlierEnergy giant assessing unsolicited bid worth up to $8bn from tech billionaire and Canadian investment firm Wow! 🇦🇺 Tech Billionaire with one of Worlds biggest asset Mgrs deciding to accelerate the transition to renewables and using their money to back it up! Don’t get in the way of Gen Y/Z Billionaires and Capitalist Asset Mgrs…. Scomo…how’s them retinas? What a great strategy. How does your coal fire grid look now Scotty? A Labor government will be a much better bet as they help workers transition to new jobs. Well that looks like putting a fox into the conservative henhouse.
Source: GuardianAus - 🏆 1. / 98 Read more »
Brookfield, Cannon-Brookes launch bid for AGL to ‘accelerate coal exit’Tech billionaire Mike Cannon-Brookes and Canadian fund manager Brookfield have launched a bid to take over Australian energy giant AGL and close its coal power plants sooner | Exclusive by NickToscano1 NickToscano1 The sooner the better ClimateAction NickToscano1 Wow! NickToscano1 Brilliant idea! And I the process show Australia that we DON’T NEED fossil fuels!! 👍🏼🇦🇺🔋
Source: theage - 🏆 8. / 77 Read more »