AGL welcomes passage of Renewable Energy Target Legislation
20 August 2009
AGL Energy Limited (AGL), Australia's leading integrated renewable energy company, has welcomed the passage of the Commonwealth Government's Renewable Energy Target legislation.
AGL has been developing a suite of renewable assets for several years and has a large pipeline of renewable projects which will benefit from AGL's early mover advantage.
AGL Chief Economist and Group Head of Corporate Affairs, Paul Simshauser, said: "AGL congratulates Minister Wong on achieving the passage of this important legislation. AGL also appreciates the bipartisan support provided by the Coalition and in particular Opposition climate change spokesman Greg Hunt.”
The passage of the legislation provides certainty for industry and will result in a significant increase in investment in renewable projects across the country. AGL hopes that a similarly constructive approach can be adopted by all political parties in relation to emissions trading so that business certainty will be enhanced for all sectors of the economy.
Further inquiries:
Nathan Vass, Senior Media Adviser
Direct: + 61 3 8633 6167
Mobile: + 61 (0) 407 290 658
e-mail: nvass@agl.com.au
Andrew Scannell, Head of Media
Direct: + 61 3 8633 6167
Mobile: + 61 (0) 407 2290 658
e-mail: ascannell@agl.com.au
About AGL
AGL is one of Australia's leading integrated energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has Australia's largest retail energy and dual fuel customer base. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.