Origin’s Geodynamics write-off

Origin Energy has written off the entire value of its Australian geothermal operations as well as its stake in Transform Solar. Meanwhile, the company’s report weakens its claims the LRET target cannot be met and its solar retail business hits the skids.

The speculation has been strong for a while and now Origin Energy has all but confirmed the worst kept secret in the geothermal sector: it has run out of faith in Geodynamics.


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