AGL divests 19.9% Tilt Renewables stake to fund battery storage expansion

Why AGL divested its Tilt stake

The Liddell power station will host a 500MW BESS. Image: Diane/stock.adobe.comAGL announced yesterday it was offloading the majority of its 20 per cent stake in Tilt Renewables as it recycles capital. What does this mean? The transaction will support “balance […] The post Why AGL divested its Tilt stake appeared first on Energy Magazine.

AGL divests 19.9% Tilt Renewables stake to fund battery storage expansion

Australia’s AGL Energy has agreed to divest 19.9% of its equity interest in Tilt Renewables to Queensland Investment Corporation (QIC) and a Future Fund-led consortium for AU$750 million (US$488 million).