AGL
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Company News
AGL expands renewables pipeline with $250m acquisition of Firm Power and Terrain Solar
AGL Energy (ASX: AGL) will spend $250 million to acquire battery energy storage system (BESS) developer Firm Power and solar project company Terrain Solar, along with an 8.1-gigawatt pipeline of renewable energy projects. The pipeline comprises 27 developments including 6.1GW of grid-scale BESS projects, 1.8GW of solar projects and 250 megawatts of onshore wind assets […]
EnergyQuest urges governments to address east coast gas shortfall as energy crisis looms
Leading Australian oil and gas research firm EnergyQuest says governments need to devise a new strategy to address a significant looming shortage in gas supply on the east coast. In a report titled “Time for a Plan B?”, EnergyQuest stated that the market still faces the same issues it forecast in 2019—a shortfall in east […]
AEMO calls for urgent investment increase as east coast gas crisis looms
The energy industry has again called for more investment to be made into the east coast gas market after a new report highlighted the potential for significant looming shortages. Industry lobby group Australian Energy Producers (AEP) warned that gas generators “may soon burn diesel” at extra cost and emissions to plug energy shortages unless new […]
Blue Energy secures AGL sales deal to boost east coast gas supply
Blue Energy (ASX: BLU) has achieved a significant breakthrough with the signing of a non-binding heads of agreement (HoA) with leading Australian energy utility AGL Energy (ASX: AGL). The HoA is for the supply of up to 300 petajoules of gas deliverable at Wallumbilla over ten years from Blue Energy’s Northern Bowen Basin ATP814 coal […]
Vintage Energy announces early resumption of production at Vali and Odin gas fields
Vintage Energy (ASX: VEN) and its joint venture (JV) partners have welcomed the recommencement of production from its Vali and Odin gas fields in the Cooper Basin. Gas sales from both fields have resumed after the conclusion of a downstream outage related to the activities of a third party. In good news for the field […]
Vintage Energy identifies opportunity to increase Vali gas flow
Vintage Energy (ASX: VEN) has identified a remedial plan that it believes can overcome a production issue at its Vali gas field in the Cooper Basin and increase its gas production from the inland Queensland field. As operator for the ATP 2021 permit in which Vali is located, Vintage is looking to re-establish production from […]
Vintage Energy ready to ramp up new Odin gas operations
Vintage Energy (ASX: VEN) is moving quickly to ramp up activities at its Odin-1 gas development in the onshore Cooper Basin after receiving all important start-up approvals from relevant officials. Odin will become Vintage’s second successful commercial gas field under a strategy to supply the energy hungry Australian east coast after its Vali field came […]
Vintage Energy provides positive news for struggling east coast energy market
With reports escalating over concerns that the east coast of Australia is facing major power issues due to potential gas shortages, news that Vintage Energy (ASX: VEN) is fast-tracking work at its Cooper Basin interests couldn’t be more timely. Created to help supply an energy-needy east coast market, Vintage has already successfully brought the Vali […]
AGL posts $1.26b loss, expects major turnaround as east coast energy market settles down
After announcing a major loss, leading Australian energy company AGL Energy (ASX: AGL) is anticipating a turnaround for FY 2024. The company pointed the finger at significant issues related to the east coast energy market as playing a major role in the company recording a dramatic statutory loss after tax of $1.26 billion. The company […]
AGL forecasts bright future on the back of energy market recovery
One of Australia’s oldest utilities, AGL Energy (ASX: AGL), is forecasting a brighter future and improved growth as it continues its implementation of renewable energy transition strategies. After what has been one of the more traumatic periods in its 186 year history, AGL has told investors that it has strong momentum heading into the next […]
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