AGL seals $2.7b wind power deal to help 'orderly' shift away

AGL seals $2.7b wind power deal to help 'orderly' shift away from coal


AGL seals $2.7b wind power deal to help ‘orderly’ shift away from coal
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A consortium involving AGL and Australia’s Future Fund has sealed a $2.7 billion takeover deal for wind farm operator Tilt Renewables as top power providers accelerate the shift away from coal.
Powering Australian Renewables (PowAR) – a partnership including AGL, the Future Fund and Queensland Investment Corporation– will acquire Tilt’s Australian operations. New Zealand’s Mercury Energy will buy its wind farms across the Tasman.
ASX-listed Tilt Renwables runs wind farms across Australia and New Zealand.

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