Australian utility accelerates clean energy shift with 8.1 GW acquisition

Energy giant AGL has stepped up its transition away from coal and gas, adding a development pipeline of more than 8 GW of large-scale solar and battery energy storage projects to its portfolio with the acquisition of two Australian renewable energy developers. From pv magazine Australia In a market announcement, energy generating and retailing major AGL confirmed it has entered into a binding agreement to acquire Sydney-based solar developer Terrain Solar and battery energy storage specialist Firm Power in a deal worth about AUD 250 million ($165. 5 million). The transaction will deliver AGL, ...

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