AGL Energy has agreed terms to sell its 19.9 per cent stake in Tilt Renewables to Future Fund and QIC, in a deal expected to be announced this week.
Street Talk understands AGL, advised by Bank of America, will receive about $750 million from the sale.
The divestment comes as gentailers across the world move away from holding and funding capital-intensive renewables projects on their balance sheets.
Source: https://www.afr.com/street-talk/agl-closes-in-on-sale-of-19-9pc-stake-in-tilt-renewables-20251109-p5n8wj