AGL Energy is preparing to offload its stake in Tilt Renewables, the green energy developer that it helped pluck off the Australian and New Zealand stock exchanges in a $2.7 billion bid four years ago.
AGL Energy chief executive Damien Nicks. Janie Barrett
The major electricity generator and retailer has mandated Bank of America’s local head of infrastructure and utilities Sam Watson to launch a sale process for its 20 per cent stake in Tilt.
The business develops, owns and manages renewable power generation assets, has a 3.5 gigawatt development pipeline, and owns assets like the Broken Hill solar farm in NSW, the Salt Creek wind farm in Victoria, and the Snowtown battery in South Australia.
Source: https://www.afr.com/street-talk/agl-energy-brings-in-bankers-to-sell-stake-in-tilt-renewables-20250611-p5m6mi