Swinburne University engineering Professor Geoffrey Brooks said that while people accustomed to seeing the public theatre of Green activists protesting against coal-fired power stations, it’s a dramatic shift to see a billionaire activist taking over a large power company to accelerate their closure.
” Mike Cannon-Brookes, Australia’s third richest person, has made his money from IT but he clearly has a passion for renewable energy,” he said.
“His initial bid for ownership of AGL has been rejected by the Board of AGL but clearly this new twist to the interplay between Green activism and the corporate world has some way to go. This bid raises many interesting issues about corporate governance and how Australia will manage this transition from a coal dominated power system to renewable energy.”
Cannon-Brookes has invested in the Sun Cable’s giant $30 billion solar farm in the Northern Territory, alongside mining billionaire Andrew Forrest, as well as solar cell startup SunDrive and home solar finance company Brighte.