Solgen (now AGL)

company 1 Deal 1 Partner

AGL Energy is one of Australia's largest integrated energy companies, involved in electricity generation, gas production and retailing, and telecommunications services. It is actively transitioning its generation portfolio towards renewables and firming capacity, while also serving millions of retail customers across Australia. The company acquired Solgen Energy Group in 2016 to expand its solar offerings.

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Founded 1837 3,800 employees

Integrated Energy CompanyDeveloperOperatorOfftaker

Strategic Overview

Committed to accelerating decarbonization, with a target to exit coal-fired generation by the end of FY35.
Focused on developing integrated energy hubs that combine renewable generation, firming capacity (batteries), and grid services.
Investing significantly in large-scale battery storage to support grid stability and integrate more renewable energy.
Expanding its retail offerings to include distributed energy resources and smart energy solutions for customers.

Deal History (1)

Woolworths Group achieves 100% renewable electricity through on-site solar and partnerships

supplier Solar Australia Mar 6, 2026

Deal Activity from Public Sources

AGL commissions 250 MW / 250 MWh Torrens Island Battery in South Australia

Development Battery Storage Australia February 2023 250 MW

AGL commissions 150 MW / 300 MWh Liddell Battery in New South Wales

Development Battery Storage Australia April 2023 150 MW

AGL begins construction of 200 MW / 800 MWh Loy Yang A Battery in Victoria

Development Battery Storage Australia October 2023 200 MW

AGL announces plans for 500 MW / 2000 MWh battery at Hunter Energy Hub in New South Wales

Development Battery Storage Australia August 2022 500 MW

Investment Focus

Technologies

Solar1

Geography

Australia1

Key People

Damien Nicks

Managing Director & CEO

Gary Brown

Chief Financial Officer

Track Record

10,000

MW Total

187

Years Active

Notable projects: Loy Yang A Power Station, Bayswater Power Station, Torrens Island Power Station, Coopers Gap Wind Farm, Silverton Wind Farm, Broken Hill Solar Plant

Detailed Analysis

Sectors

UtilitiesEnergy Transition

Technologies

CoalNatural GasHydropowerOnshore WindSolar PVBattery StorageEV Charging

Geographies

Australia

Deal Stage

GreenfieldOperating

Subsidiaries

ActewAGL (joint venture)Powering Australian Renewables Fund (joint venture with QIC)

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