AGL Energy’s decision to buy the nation’s biggest power station emitter has paid handsome financial dividends, despite falls in demand hitting its retail operations. Its wind farm portfolio, however, has overtaken its hydro capacity, and CEO Michael Fraser is still trying to make sense of the political landscape, and its impact on carbon and clean energy.
The head of AGL Energy defends purchase of Loy Yang A, dismissing talk he is stuck between a brown rock and a green place. He says he remains a strong advocate of renewables and a carbon price, and comments on his rivals’ attacks on the RET, solar, and the lure of brown coal.
What are the most exciting cleantech projects in Australia this year? We look at solar energy, algae, electric vehicles, geothermal, wind and wave energy, and take a punt on their prospects.