Potential offtaker

AGL Energy Limited

www.agl.com.au

Estimated electricity consumption

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Countries of production presence

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AGL Energy Ltd is a leading Australian company in the Integrated Electric Utilities sector, with a strong focus on decarbonisation and renewable energy. The company has a long history of providing reliable and affordable energy to its customers, and has been at the forefront of the transition to a low-carbon future.

AGL Energy was founded in 1837 as the Australian Gas Light Company, and has since grown to become one of the largest energy companies in Australia. The company operates a diverse portfolio of generation assets, including coal, gas, hydro, and wind power plants, as well as a retail business that provides energy services to over 3.7 million customers across Australia.

In recent years, AGL Energy has made a strategic shift towards decarbonisation and renewable energy, in response to the growing demand for clean energy solutions. The company has set ambitious targets to reduce its carbon emissions and increase its renewable energy capacity, and is investing heavily in new technologies and infrastructure to achieve these goals.

One of the key initiatives that AGL Energy has undertaken to support its decarbonisation efforts is the development of corporate power purchase agreements (PPAs) for renewable energy. These agreements allow large corporate customers to purchase renewable energy directly from AGL Energy, providing a reliable and cost-effective source of clean energy for their operations.

AGL Energy has already signed a number of corporate PPAs with major companies in Australia, including Telstra, Coca-Cola Amatil, and the University of New South Wales. These agreements have helped to drive the growth of renewable energy in Australia, and have enabled AGL Energy to accelerate its transition to a low-carbon future.

In addition to its corporate PPA program, AGL Energy is also investing in a range of renewable energy projects across Australia. The company has a significant portfolio of wind and solar projects in development, which will help to increase its renewable energy capacity and reduce its carbon emissions.

One of the most notable projects that AGL Energy is currently working on is the Coopers Gap Wind Farm in Queensland. This 453 MW wind farm will be one of the largest in Australia when it is completed, and will generate enough clean energy to power over 260,000 homes. The project is expected to create over 200 jobs during construction, and will provide a significant boost to the local economy.

AGL Energy is also investing in new technologies and infrastructure to support the growth of renewable energy in Australia. The company is developing a range of energy storage solutions, including batteries and pumped hydro, which will help to address the intermittency of renewable energy sources and provide a more reliable and stable energy supply.

In addition to its focus on renewable energy, AGL Energy is also committed to corporate energy management and sustainability. The company has implemented a range of initiatives to reduce its own energy consumption and carbon emissions, including energy efficiency programs, waste reduction measures, and the use of renewable energy sources at its own facilities.

AGL Energy has also been recognized for its leadership in sustainability and corporate responsibility, receiving a range of awards and accolades for its efforts. The company was recently named as one of the world's most sustainable companies by Corporate Knights, and has been included in the Dow Jones Sustainability Index for the past 12 years.

Overall, AGL Energy is a leading Australian company in the Integrated Electric Utilities sector, with a strong focus on decarbonisation and renewable energy. The company is investing heavily in new technologies and infrastructure to support the growth of clean energy in Australia, and is committed to corporate energy management and sustainability. With its ambitious targets and innovative initiatives, AGL Energy is well-positioned to play a key role in the transition to a low-carbon future.

✓ Climate Action 100+ company
✓ Declared Net Zero commitment