AGL Energy to partner with Global Infrastructure Partners to establish AU$2 billion ETIP

AGL Energy Limited (ASX: AGL) has announced Global Infrastructure Partners as its 49% equity partner in the Energy Transition Investment Partnership (ETIP).

Energy Transition Investment Partnership is an innovative investment vehicle designed by AGL for Accel Energy. It aims to develop, own as well as manage an initial ~2.7 GW of quality renewables and low carbon firming assets. These Foundation Projects would help Accel in maintaining its position as amongst the largest operators and off-takers of renewable energy in Australia and to drive Australia’s energy transition by developing new renewable and low-carbon firming assets. In the coming years, additional projects and capacity will be added to the ETIP pipeline.

Accel and Global Infrastructure Partners would jointly fund AU$2.0 billion of equity to ETIP.

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