HSF Kramer and Allens advised on AGL’s A$750 million divestment of its Tilt Renewables stake.
AGL and Tilt have formed a strategic partnership that will further both Tilt’s expanding asset portfolio and AGL’s decarbonisation strategy, with the partnership facilitating offtake opportunities for a share of Tilt’s existing assets and its development pipeline. AGL stated that the transaction demonstrates its commitment to realising value in its portfolio and working to reach its 6GW target of new firming and renewable projects by FY30.
HSF Kramer advised AGL on the divestment of 19.9% of its 20% stake in Tilt Renewables to existing shareholders and other entities led by the Queensland Investment Corporation and the Future Fund for A$750 million.
The HSF Kramer team advising on the transaction was led by Partner Nicole Pedler, with support from Senior Associate Marijana Banovac and Solicitor Arda Reznikas. Partner Peter Davis advised AGL on its strategic partnership with Tilt.
Allens has co-advised AGL Energy on the sale of 19.9% of its 20% equity in Tilt Renewables to existing shareholders and other entities led by the Queensland Investment Corporation and the Future Fund for $750 million. The transaction was led by Kate Axup (Projects) and Jeremy Low (Corporate) as Lead Partners.
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