Origin Energy Accelerates Shift to Renewable Energy

Origin Energy Limited (AU:ORG) has released an update.

Origin Energy Limited, Australia’s largest energy retailer, is set to accelerate its transition to renewable energy, aiming to grow its renewables and storage capacity to 4-5 GW by 2030. The company is investing heavily in battery projects and acquiring the Yanco Delta wind farm, while also delaying the closure of its Eraring coal-fired power station to ensure reliable energy supply. These strategic moves aim to meet evolving customer needs and deliver attractive returns to shareholders amidst the global energy transition.

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