Billionaire Mike Cannon-Brookes and a giant investment fund want to spend billions shutting down some of Australia’s oldest coal plants. What’s in it for them?
The $8 billion proposed bid by Mike Cannon-Brookes and Brookfield for AGL will add urgency to the redesign of the national electricity grid for a renewables-dominated future.
After a shock bid from Mike-Cannon Brookes to buy AGL and shut down its coal plants early,Scott Morrison said he will ensure coal-fired electricity “runs to its life”.
Tech billionaire Mike Cannon Brookes and fund manager Brookfield have launched a bid to take over Australian energy giant AGL and close its coal power plants sooner.
Origin Energy will close the 2880-megawatt Eraring generator at Lake Macquarie in NSW in 2025,seven years earlier than scheduled.
The power and gas giant has told employees it hopes to create new jobs in the future by repurposing its last two coal-fired power stations into low-emissions energy hubs.
Australia’s largest power company has pledged to accelerate the closures of its coal-burning power stations in Victoria and NSW,but not enough for climate activists.
A sharp recovery in wholesale power prices is improving the outlook for Australia’s two largest generators after enduring months of pressure.
Australia’s heaviest greenhouse gas emitter is facing pressure from hundreds of public healthcare workers to bring forward its exit from coal.
A ship has arrived at Victoria’s Port of Hastings to transport the world’s first cargo of liquefied hydrogen into an international market.
A whistleblower has warned parts of the ageing Bayswater Power Station are falling apart and threatening to spew toxic pollution into surrounding communities.