Australia’s window for hitting net zero is ‘rapidly closing’
The share of wind, solar and hydropower in the electricity grid needs to more than double by 2030 for the nation to reach its net zero goal, modelling suggests.
- by Mike Foley and Nick Toscano
Latest
Fuel giant Ampol to miss target for electric vehicle charging bays
Australia’s top fuel supplier say its plan to install 300 electric charging bays by the end of this year is moving slower than expected.
- by Nick Toscano
Updated
Earnings season
Origin shares tumble despite $1.4b profit on soaring electricity prices
Origin Energy has reported a 30 per cent rise in profit amid soaring earnings from its domestic power plants and retailing business, but shares have dived on a lower earnings target than expected.
- by Nick Toscano
Exclusive
Renewables
Half an hour of power: Renewables’ record surge a sign of future supply
The energy regulator says renewables could dominate the electricity grid within the decade – if the grid gets the right upgrades.
- by Mike Foley and Nick Toscano
Top polluter AGL buys green energy group to power its shift from coal
Power giant AGL has struck a deal to buy a big battery and solar developer as it races to add more renewables in time for its impending coal plant closures.
- by Nick Toscano
Shock downgrade hits new Victorian gasfield, worsening risk of shortfalls
The state’s first new gasfield to begin production in a decade, off the coast of Port Campbell, is now thought to hold much less gas than first forecast.
- by Nick Toscano
New tax stoush flares over Woodside’s $7.7b oil project in Senegal
Woodside, the largest Australian energy company, is locked in a legal dispute in Senegal over how much tax it must pay from its newest oil field.
- by Nick Toscano
Glencore dumps plan to quit coal as investor demands shift
Australia’s biggest coal exporter says more than two-thirds of its shareholders want the company to hold on to its coal mines.
- by Nick Toscano
Nation’s biggest power plant burns most coal since 2019
The Eraring power station’s coal output has hit a five-year-high, highlighting the difficulties of weaning the grid off the polluting fossil fuel.
- by Nick Toscano
Rio Tinto bets on bigger role for copper in green energy shift
The iron ore giant has flagged it is open to potentially large-scale takeover plays in copper to increase exposure on metals vital to driving the shift to green energy.
- by Nick Toscano
Forrest’s Fortescue boosts spending to keep green hydrogen dream alive
Mining giant says it will lift spending on its green energy division this year despite setbacks tempering its ambitious green hydrogen targets.
- by Nick Toscano