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AGL Energy Limited (ASX:AGL)

ALERT: Price-sensitive ASX Announcement for AGL
Current share price for AGL : $8.520 -0.4 (-4.48%)+
Announcement
Release
10 Nov 2025 8:34AM
Price at Release
$8.920
Full Release
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Summary
AGL Energy Limited has announced the divestment of a 19.9% equity interest in Tilt Renewables to existing shareholders and entities led by Queensland Investment Corporation and the Future Fund. This transaction, valued at $750 million, is part of AGL's strategy to recycle capital to support future growth, focusing on investments in flexible and dispatchable capacity. AGL, which originally invested in Tilt through the Powering Australian Renewables Fund in 2016, expects a gain on sale in FY26. The partnership with Tilt continues, with AGL committing to significant offtake agreements from Tilt's wind farms and maintaining a strategic relationship to support AGL's decarbonisation goals. Completion of the transaction is subject to regulatory approvals and is anticipated by Q3FY26.
Key Points
  • AGL divests 19.9% equity in Tilt Renewables to QIC and Future Fund for $750 million.
  • Proceeds to support AGL's investment in flexible, dispatchable capacity.
  • AGL expects a gain on sale in FY26.
  • AGL and Tilt form a strategic partnership for decarbonisation strategy.
  • Completion subject to regulatory approvals by Q3FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.