Queensland Investment Corporation to acquire 19.9% stake in Tilt Renewables from AGL Energy for AUD750m.

Queensland Investment Corporation, a private equity firm, agreed to acquire 19.9% stake in Tilt Renewables, a company primarily involved in renewable energy generation, focusing on wind and solar power, from AGL Energy, a company engaged in buying and selling of gas and electricity and related products and services, for AUD750m. “We look forward to continuing to work with Tilt, QIC and the Future Fund as Tilt delivers its development pipeline. The transaction demonstrates our commitment to realising value in our portfolio and recycling capital to invest in flexible, dispatchable capacity as we work towards our expanded 6GW target of new firming and renewable projects by FY30,” Damien Nicks, AGL Managing Director.