Energy company says it is ‘well placed’ to take advantage of ‘remaining opportunities’ during the exit from fossil fuels
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EnergyAustralia (EA), one of the country’s largest electricity producers and retailers, blamed “unprecedented conditions”, including supply issues at coal-fired plants, for its $1bn loss in 2022.
The company’s parent, Hong Kong-based CLP, said EnergyAustralia lost $HK5.3bn ($1bn), compared with an $HK83m ($15.66m) shortfall in 2021.
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Continue reading…Energy company says it is ‘well placed’ to take advantage of ‘remaining opportunities’ during the exit from fossil fuelsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastEnergyAustralia (EA), one of the country’s largest electricity producers and retailers, blamed “unprecedented conditions”, including supply issues at coal-fired plants, for its $1bn loss in 2022.The company’s parent, Hong Kong-based CLP, said EnergyAustralia lost $HK5.3bn ($1bn), compared with an $HK83m ($15.66m) shortfall in 2021.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…