Brookfield seals deal for wind farm to grow Origin’s capacity

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 90%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The deal is Brookfield’s first renewable energy acquisition and will supplement the private equity giant’s bid for Origin Energy.

“The Moonlight Range Wind Farm will be the first of many renewable power projects for Brookfield in Australia as we expand our presence in this market. Approximately 8 GW of coal fired power generation capacity is expected to come offline by 2030 – this generation needs to be replaced with new sources of clean energy,” said Luke Edwards, Brookfield managing director and head of renewable power and transition in Australia.

Should Brookfield acquire the remaining Greenleaf pipeline, it will have secured 1GW of capacity to supplement Origin’s own pipeline.offshore wind projects in Victoria and NSW In the first three months of 2023, onshore wind capacity grew only 5 per cent year-on-year, well behind the 20 per cent annual growth enjoyed by solar.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Fear of missing out energy' offsets RBA hikes, property analyst claimsA property economist believes buyers who have been cautiously waiting on the sidelines are now again on the move. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Eight deals required to deliver national energy reliefThe Albanese government has negotiated deals with the states and territories to meet its promise to deliver up to $3 billion in power bill relief
Source: FinancialReview - 🏆 2. / 90 Read more »

Viva Energy to buy On The Run for $1.15bThe owner of the Shell-branded network of petrol stations will significantly boost its convenience retail business after buying Adelaide-based OTR Group. angelamacd Thx for this info. 'inevitably declining demand for fossil fuels' How about production decline after Shell's 2002 peakoil? That's why Clyde refinery in Sydney closed and Geelong was sold. It would be a good exercise for the media to update my graph MadeleineMHKing
Source: FinancialReview - 🏆 2. / 90 Read more »

QIC seals deal for 50pc of Vector’s smart meter businessThe investor is readying for a rise in demand for devices to manage energy consumption.
Source: FinancialReview - 🏆 2. / 90 Read more »

Female firsts in new Labor cabinet, where half the ministers will be womenPremier Chris Minns will appoint NSW’s first female ministers of police, energy, natural resources, regional transport and finance in his new cabinet.
Source: smh - 🏆 6. / 80 Read more »

Offshore gas explorer presses its case with new NSW Labor governmentAsset Energy, which controls the PEP-11 offshore exploration zone off Newcastle, is amping up its bid to continue exploring the site under a new NSW government
Source: FinancialReview - 🏆 2. / 90 Read more »