Business
Origin hits snooze on wind and solar as gas write-downs wipe out profits – RenewEconomy
Origin Energy to kick-start Beetaloo Basin gas project, while profits and renewables investment stall on lower electricity prices.
Origin Energy may hold off on investments in new wind, solar and storage projects, suggesting that a fall in wholesale electricity prices and the lack of clear policy has made such projects marginal investments.
The advice came as Origin reported a stable operating profit of $1.023 billion for the 2019-20 financial year, but found its net earnings almost entirely wiped out by write-downs the company announced on the value of two of its gas projects.
These include a $1.2 billion in impairments …
-
General21 hours agoAmbulance response times sluggish despite Tasmanian ramping ‘ban’ promise
-
Noosa News18 hours agoBrisbane’s new bus timetable sees journey times decrease by two minutes in first three months
-
Noosa News20 hours agoGovernment auditors suspected lab was conducting shonky tests on infrastructure projects
-
Business17 hours agoWhat it means for shareholders