Origin Energy inks deal to sell 30MW Cullerin Range Wind Farm to DUET Group subsidiary for $72m, as part of $800m asset divestment program.
Tag: "Origin Energy"
Origin expects battery storage to spark a new wave of rooftop solar installations, but not until the costs of storage falls. And that could be a while.
Origin signs 13-year purchase agreement to help develop 100MW solar farm in north Queensland with Spanish group FRV.
Major utility says Australia could be world leader in uptake of solar-powered electric vehicles. Using the high penetration of rooftop solar, it recommends a series of initiatives to increase volumes and drive down prices. Brown coal generators are also in its sights.
Origin Energy says large-scale solar projects now at $80/MWh in Australia; plans several big projects and aims to be No 1 in rooftop solar. Says it’s well placed for shift to renewables because it has no “legacy assets” to protect. But falling oil price still a concern for LNG.
Sales of Tesla Powerwall begin in Australia as the first authorised resellers of the 7kWh battery are announced and launch their offers.
Origin Energy says it won’t fight against new technologies such as rooftop solar and battery storage, but it remains committed to its major gas play – a multi-billion bet that has seen its share price plunge as the international oil price tanked.
Financial markets are finally catching up to the news: Fossil fuels are in decline in both transport and electricity, and the woes of VW and Glencore. Even the Bank of England has sounded a warning. Meanwhile, the likes of BHP, Origin and AGL are trying to convince investors that everything is OK.
Origin Energy says solar is the cheapest form of energy for households, but warns that sub-standard systems – particularly inverters – are causing problems for consumers. It even suggested a “pink batts” moment could trigger the removal of remaining subsidies. But the company has also been at fault.