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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Origin Energy’s $18.7b private capital jobFormer Bank of England governor Mark Carney explains why he wants to own Australia’s biggest electricity retailer, and what he plans to do with it.
Read more »
Brookfield seals deal for wind farm to grow Origin’s capacityThe deal is Brookfield’s first renewable energy acquisition and will supplement the private equity giant’s bid for Origin Energy.
Read more »
'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
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
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.
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.
Read more »