Policy vacuum won’t stop green power: energy chief

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 11-Jan-19

Wind turbine supplier Vestas Australia enjoyed a record year for orders in 2018, with over one gigawatt of wind turbines ordered in total. Peter Cowling, the head of Vestas Australia, predicts that the renewable energy sector will "muddle through" the lack of federal policy on climate and energy, due to the desire by companies to purchase clean power and the "cost competiveness" of solar and wind energy. Cowling says state governments’ renewable energy programs are helping to make up for a lack of federal policy.

CORPORATES
VESTAS – AUSTRALIAN WIND TECHNOLOGY PTY LTD

AGL Energy shares hit 8-year high

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 27-May-15

AGL Energy has revealed details of its "strategic road map", which will include cost reductions and asset sales. AGL plans to divest its 50 per cent stake in the 420-megawatt Macarthur wind farm in Victoria, which is expected to fetch about $A500m. Some analysts believe that AGL will also sell its upstream gas business, while a decision on the Gloucester coal seam gas project will be made later in 2015. AGL shares closed 6.3 per cent higher at $A16.45 on 26 May.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, MACQUARIE GENERATION, MORGAN STANLEY AUSTRALIA LIMITED, AES CORPORATION, MACQUARIE WEALTH MANAGEMENT

Compromise deal on RET in the wind

Original article by Joanna Heath
The Australian Financial Review – Page: 9 : 10-Mar-15

The Australian Government and industry bodies are expected to agree on a compromise arrangement for the Renewable Energy Target scheme. The new target of around 35,000 gigawatt hours by 2020 would stimulate investment in wind farms. Bloomberg estimates that the new target would result in 8.8 gigawatts of extra renewable energy capacity by 2021

CORPORATES
BLOOMBERG LP, CLEAN ENERGY COUNCIL LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT, THE AUSTRALIAN INDUSTRY GROUP

Wind farms ‘to yield job losses’

Original article by Adam Creighton
The Australian – Page: 21-24 : 15-Jul-14

Jeff Dimery, CEO of gas and coal power generation plants operator Alinta Energy, has urged the Australian Government to lower the renewable energy target (RET). He argued that the wind farms being built across the nation with funding linked to the RET were outdated technology, and that a more useful area of investment would be batteries that mean households with solar roof panels can store the electricity they create. Dimery also forecast widespread redundancies at coal mines in Victoria and New South Wales under the RET. It is being reviewed for the Federal Government by business leader Dick Warburton

CORPORATES
ALINTA ENERGY (AUSTRALIA) PTY LTD