SYDNEY, Dec 1 Reuters Brookfield said on Friday it would consider the implications of Australia39;s new green energy policy on Origin Energy before making a new offer should its 10.6 billion bid for the firm be voted down by the takeover target39;s shareholders on Monday.

The government plan announced last week to underwrite a massive expansion of clean energy in the electricity market, where Origin is a major player, has scrambled the outlook for electricity prices, future investment and existing plants.

Brookfield Australia39;s head of renewable energy and transition, Luke Edwards, said should the shareholder vote fail, the private equity firm would further examine the government39;s proposed expansion to the Capacity Investment Scheme CIS and National Energy Transformation Partnership NETP.

We will do this work before considering whether to continue pursuing a proposal to acquire Origin Energy or the Origin Energy Markets business, he said in a statement.

The CIS will set a revenue floor for eligible clean energy projects, which some analysts and investors say could drive a major expansion of clean energy and in doing so, lower electricity prices and squeeze margins at Origin.

Origin39;s investors are due to vote on Monday on the Brookfieldled consortium39;s bid at A9.39 per share offer that looks likely to fail without the backing of AustralianSuper, the energy firm39;s largest shareholder.

Origin39;s board on Thursday rejected an alternative proposal lodged…