AGL Seeks $725 Million for Clean-Energy Transition Fund, Sources Say
- Australian utility in discussions with potential investors
- Sydney-based company could tap infrastructure, pension funds
The AGL Energy Loy Yang Power Station in the Latrobe Valley, Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Australian utility AGL Energy Ltd. is seeking about A$1 billion ($725 million) from potential partners for a proposed investment vehicle to help transition its coal-fired power plants to low-carbon sites, according to people familiar with the matter.
The Sydney-based company has held preliminary talks with prospective investors in its planned Energy Transition Investment Partnership fund, the people said, asking not to be identified as the information is private.