AGL Energy says it will plough on with its proposed de-merger, despite the share market raid by tech billionaire Mike cannon-Brookes, and has unveiled its partner for a new fund to invest nearly $5 billion in large scale renewables, big batteries and pumped hydro. AGL, Australia’s biggest coal generator and polluter, is under pressure to […]
Neoen innovates with grid-scale virtual battery offer, inking the first contract with AGL for 70 MW – EQ Mag Pro
Neoen inks an innovative 7-year virtual battery agreement with AGL Energy, a leading Australian energy generator and retailer, for a capacity of 70 MW in Australia’s New South Wales region. The offtake gives AGL Energy the ability to hedge its customer load by virtually charging and discharging a battery of 70 MW as and when […]
Lightsource Bp Secures Planning for Australian Solar Project
Lightsource bp, a global leader in the development and management of solar energy projects, and 50:50 joint venture (JV) with bp, has secured planning approval for upscaling plans for the Wellington North solar project in New South Wales, Australia, which was acquired from AGL last year. The 400 MWdc site is adjacent to Lightsource bp’s […]
AGL to acquire two Australian commercial solar energy providers
ASX listed energy provider AGL is to acquire two Australian solar power companies, Epho and Solgen Energy Group. The acquisition means AGL will have the systems and technologies in place to deliver more tailored and innovative energy solutions for businesses and deliver over 70MW of commercial solar each year, becoming the largest commercial solar provider […]
Australia’s AGL flags $2.1 bln charge as energy price outlook worsens
AGL factoring in a “sustained and material reduction” in energy prices due to the slump in the wholesale power market and government plans to underwrite new power plants. New Delhi: Australia’s AGL Energy Ltd expects to book A$2.69 billion ($2.1 billion) in charges, it said on Thursday, as the dour outlook for energy prices forced […]
AGL says batteries starting to compete with gas generators for peaking services
Plunging costs and improved performance could see big batteries start to compete with gas plants to provide peaking services, and its an opportunity at least one of Australia’s largest energy companies is looking to seize, as the end of coal looms. AGL Energy’s newly appointed chief operating officer, Markus Brokhof told RenewEconomy in an interview […]
Australia’s AGL agrees 15-year battery power supply deal with Maoneng
Australia’s AGL Energy Ltd (AGL.AX) has agreed a 15-year deal to buy battery power from Maoneng Group to ensure supply and pricing security during peak periods, the companies said on Wednesday. Maoneng will develop four large-scale batteries with a total capacity of 200MW/400MWh to be operational from 2023 to fulfill the deal. AGL will be […]