Delays in commercialising new technology as well as rumours of corporate selloffs have taken the shine off green energy stock this year. Renewable Energy has dived 82 per cent to 14 cents after a trading as high as $2.46 in the middle of last year. Energy Development has plunged 35% to $4.37 after hitting a high of $14.35 in early 2001. Despite delivering a good profit result for 2001, Pacific Hydro shares have fallen 15% to $4.37.
Share market investors have lost patience with Energy Development as its waste to energy recycling facility is running at least two years behind schedule. As for Renewable Energy, the first sale of its biomass technology has faltered because of unrelated technology at the plant not performing to specifications.
Pacific Hydro's share price is being hurt by rumours that its 19% shareholder, American Electric Power, will offload assets outside the United States.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
