AGL obtains Australian C&I solar providers Solgen and Epho

• Australian utility AGL Energy has protected bargains to get two commercial as well as industrial (C&I) solar firms, Solgen Energy Team and also Epho, as it looks to reinforce its existing PV capacities.

AGL, which operates the largest electricity portfolio in Australia's National Electricity Market (NEM) as well as is the nation's greatest greenhouse gas emitter, said the acquisitions will permit it to supply "extra customized and also innovative" energy remedies for businesses.

Developed in 2008, Solgen is among Australia's biggest commercial solar companies, having actually provided more than 15,000 projects in the last decade. It additionally possesses solar equipment distribution business Sol Circulation.

Epho, which AGL will certainly get from Anchorage Capital Partners, specialises in the construction and also maintenance of large systems and has executed more than 400 solar installments in Australia, including a 6MW PV park at Brisbane flight terminal.

Oliver Hartley, handling supervisor at Epho, claimed the procurement will allow the business to give a "complete collection of on- and also off-site renewable energy retail services" that its customers need to meet their ecological commitments.

" We can make a material difference to the carbon foot-print of business Australia," he included.

AGL CEO Brett Redman said both procurements will certainly enable the utility to provide more than 70MW of business solar projects each year. "This part of the energy industry has seen considerable growth over the last ten years, as businesses right across Australia choose solar offerings to help them decarbonise, lower expenses and also produce lasting procedures."

Recent numbers from the Australian Energy Council exposed that the quantity of rooftop solar setups in Australia grew by 18% last year. Despite the effect from COVID-19, some 2.6 GW of capacity and also 333,978 rooftop PV installations were contributed to the grid during 2020. In Western Australia, rooftop PV is set to be the fastest-growing kind of brand-new capability, with the expansion displacing coal in addition to massive solar projects.

Together with the increase of Australia's C&I market, the quantity of corporate power acquisition arrangements (PPA) in the country from last year are expected to reach record levels. A report published in December from Business Renewables Centre Australia found more than 3GW of renewables have been contracted considering that 2017 in the nation through corporate PPAs.