AGL seeks wind project partners, sells telco arm to Aussie Broadband

GL Energy is hunting for funding partners to develop a 2 gigawatt-plus portfolio of wind farms, as it seeks to free up capital to accelerate the deployment of clean energy projects to replace coal power stations.

Australia’s largest energy retailer also set a $50 million target of cost reductions for the next financial year, which reassured analysts concerned about the group managing costs through the volatile energy transition.

Source: https://www.afr.com/companies/energy/agl-half-year-profit-falls-following-losses-on-energy-contracts-20260209-p5o0m0