AGL Sells Tilt Stake for $750M, Boosts Clean Energy Push

AGL Energy sells nearly 20% stake in Tilt Renewables for $750M, reducing ownership to 0.1%. The deal, led by QIC and Future Fund, aligns with AGLs strategy to invest in new energy sources. Tilt, a leading renewable energy producer, supplies AGL with 1.6GW of power. The sale price is significantly higher than AGLs valuation in June 2025, reflecting Tilts growing value. AGL and Tilt have formed a new partnership, ensuring future power purchase opportunities. The deal requires regulatory approvals, with finalization expected in Q3 FY2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.