Tom Leske News Today

The long-term value of hotly contested $10.6 billion takeover target Origin Energy has been muddied by a government plan to accelerate the rollout of renewable energy, announced just hours before a...

The long-term value of hotly contested $10.6 billion takeover target Origin Energy has been muddied by a government plan to accelerate the rollout of renewable energy, announced just hours before a key shareholder vote. The Australian government announced plans on Thursday to underwrite 32 gigawatts (GW) of new wind, solar and battery projects. Two energy experts told Reuters it could spur investment worth at least A$30 billion ($20 billion).