The Bayswater & Lidell coal plants were purchased by AGL as Macquarie generation - the coal purchase contracts are from then. It has been said on these forums a lot.
You really should find the original documents and inform yourself.
Enova is in voluntary liquidation for exactly the same reason why Energy Australia has reported a loss of 1.2b... both had to rely on the NEM spot market to buy electricity to meet their customer needs.
It isn't because it was a "green" company - actually that part of the business is still in operation... again - might help to read more into it and inform yourself
"It was focused on a 100 per cent renewable energy future, and did not invest in coal, oil or gas, but rather focused on helping communities become energy independent using their own supplies, mostly via rooftop solar.
To this end, Enova reinvested 50% of its profits into community-owned renewable energy projects, energy efficiency, and energy education services via its not-for-profit arm, Enova Community – the company said on Tuesday that this part of the business would continue to operate."
AGL Price at posting:
$8.23 Sentiment: Hold Disclosure: Held
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