AGL divests interest in Tilt Renewables, advised by our firm.

AGL Energy will divest its equity interest in Tilt Renewables to Queensland Investment Corporation and the Future Fund for $750 million. #renewables #AGL #energytransition

News Update 📰 : AGL Energy has sold most of its stake in Tilt Renewables to QIC and the Future Fund for A$487 million, marking a strategic shift to focus on its core energy and retail operations. The deal includes a 49% stake in PowAR, which owns Tilt’s Australian assets, and reflects strong institutional appetite for renewable energy investments in the region. This move highlights the growing role of public and private capital in accelerating Australia’s clean energy transition. As major players realign their portfolios, it’s encouraging to see long-term investors backing renewables—signaling confidence in the sector’s future and the broader push toward decarbonisation. https://lnkd.in/gguim9RY

AGL Energy sells 19.9% stake in Tilt Renewables to QIC-led group for A$750 million, reinforcing its capital recycling strategy and renewable energy commitments. https://lnkd.in/dGspWidn

AGL Energy announces divestment of its 19.9% equity stake in Tilt Renewables, crystallising A$750 million from institutional investors including Queensland Investment Corporation and the Future Fund. This transaction more than doubles the asset's carrying value whilst maintaining access to 1.6 GW of renewable generation capacity through existing power purchase agreements. 📋 Announcement Highlights: → Transaction valued at A$750 million represents 2.3 times the A$321 million carrying value → Proceeds will fund flexible, dispatchable generation assets supporting AGL's 6GW renewable and firming capacity target by FY30 → Long-term power purchase agreements retained including 15-year contracts for Palmer and Waddi Wind Farms → Regulatory approvals from ACCC and FIRB required with Q3 FY26 completion target Managing Director Damien Nicks commented: "The transaction demonstrates our commitment to realising value in our portfolio and recycling capital to invest in flexible, dispatchable capacity as we work towards our expanded 6GW target." The capital recycling strategy positions AGL to capture higher returns from grid-firming technology whilst maintaining renewable energy partnerships through contractual arrangements rather than direct ownership. ⚡ Upcoming catalysts: - ACCC competition assessment approval - FIRB foreign investment clearance - FY26 financial recognition of substantial gain on sale Read the full analysis on AGL's strategic capital allocation during Australia's energy transition: https://lnkd.in/g_DAKWnt

AGL Energy completes major divestment of 19.9% Tilt Renewables stake for $750 million to institutional investors including QIC and Future Fund. This strategic capital recycling delivers more than double the asset's $321 million carrying value. It positions Australia's largest private electricity generator to reinvest in flexible dispatchable capacity. 📋 Announcement Highlights: → Sale generates substantial gain of approximately 2.3x original 2016 investment value → Maintains renewable exposure through existing 1.6 GW power purchase agreements with Tilt → Proceeds earmarked for investments supporting ambitious 6GW renewable and firming capacity target by FY30 → Transaction validates asset quality through participation of major institutional investors Managing Director Damien Nicks commented: "The transaction demonstrates our commitment to realising value in our portfolio and recycling capital to invest in flexible, dispatchable capacity as we work towards our expanded 6GW target." The divestment reflects disciplined portfolio optimisation as renewable penetration increases across the National Electricity Market. Dispatchable assets gain critical importance for grid stability. AGL retains operational benefits through long-term PPAs covering Palmer Wind Farm and Waddi Wind Farm generation, while optimising capital allocation. ⚡ Upcoming catalysts: - ACCC and FIRB regulatory approvals processing - Transaction completion targeted Q3 FY26 - Significant gain recognition in FY26 financial results **Read the full AGL Energy divestment analysis:** https://lnkd.in/gfXuRq8f

TRANSACTION NEWS: QIC has agreed to acquire a 19.9 percent stake in Australia’s largest operating wind platform, Tilt Renewables , from AGL Energy Ltd., bringing its working ownership to 99.9 percent. https://lnkd.in/dAP_SDH8

Gülermak Renewables Acquires 49.9MW Corshellach Energy Storage Project from RES. We are pleased to announce the acquisition of the 49.9MW Corshellach Energy Storage Project in Moray, Scotland, from RES. The project represents an important step in our strategy to strengthen Gülermak Renewables’ presence in the UK and expand our investment in clean energy infrastructure. Once operational, the Corshellach project will help the UK’s electricity system by storing excess renewable energy and releasing it during periods of high demand, it will support grid stability by providing essential ancillary services, and it will accelerate the drive towards a more sustainable and resilient energy system. Gülermak Renewables CEO Turkekul Dogan said: The acquisition of the 49.9 MW Corshellach battery storage project in UK marks an exciting milestone for Gülermak Renewables as we continue to expand our renewable and storage portfolio across UK and Europe. We are grateful to RES Group for their trust and strong collaboration. Grateful to our advisor Dentons and also to our team, Nic Castellucci, Zeynep Kurt and Michael Sweetman. We're proud with our journey to deliver reliable and sustainable infrastructure that supports our clean energy goals. Thanks to our advisors Michael Snook, Lucille De Silva, Liam McCabe, Fraser Crombie #GulermakRenewables #RenewableEnergy #EnergyTransition #CleanEnergy #Sustainability #EngineeringExcellence *Image is for illustrative purposes only

R.Power Renewables has sold a stake in its 127MW/254MWh Scornicesti battery energy storage project in Romania to Eiffel Investment Group, marking the creation of a new joint venture between the two companies https://lnkd.in/eTRFiqXd

Ecopetrol acquires 0.6 GW solar portfolio from Statkraft for $157.5mn: Ecopetrol has finalised the acquisition of solar assets in Colombia from Statkraft for $157.5mn, adding more than 0.6 GW of installed capacity to its energy portfolio.

Vast Renewables, a clean energy technology company involved in the Port Augusta Green Energy Hub, has been placed into administration just three months after raising US$3.5 million ($5.3 million) from two of its major shareholders to progress the flagship project. https://lnkd.in/gYVMbPfv