Origin Energy Limited (AU:ORG) has released an update.
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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.
For further insights into AU:ORG stock, check out TipRanks’ Stock Analysis page.