Agl asx announcements

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Agl asx announcements

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. While the gas and electricity retailer shares are slipping 0. The country's oldest energy provider has decided to adopt battery technology in a large way starting in In , AGL outlined its aim to phase out coal in its business by Today, the energy powerhouse has put a stake in the ground to build a megawatt MW , 'grid-scale' battery in the Hunter Energy Hub of New South Wales.

Agl asx announcements

Energy giant AGL has announced it will close the Loy Yang A power station in Victoria's Latrobe Valley up to 10 years earlier than planned, targeting the end of financial year. The statement also said the company remained on track to close its Bayswater coal plant in the NSW Hunter Valley between and The Loy Yang A power station is one of Victoria's newest coal-fired power stations and produces 2, megawatts MW of electricity, about 30 per cent of the state's total. It was initially slated to close by , but in February , AGL announced it would get out of coal between and The newly disclosed closure date of Loy Yang A in appears to have brought that schedule even further forward. In the statement to the stock exchange, AGL's incoming interim chief executive Damien Nicks said the early closure of Loy Yang A represented "a major step forward in Australia's decarbonisation journey". Victoria's Energy Minister, Lily D'Ambrosio, said the government would work with AGL to assist the workers affected by the plant's early closure through retraining, reskilling and new work opportunities.

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You will receive email alerts for AGL market announcements. AGL Energy Limited supplies energy and other essential services to residential, small and large businesses, and wholesale customers in Australia.

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