AGL Energy closes in on sale of 19.9pc stake in Tilt Renewables

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