GreenPower is a government accredited program that aims to increase renewable energy generation in Australia. When a customer buys Green Power electricity, they are guaranteed the electricity put into the grid is from sources built since 1997 and is approved by Green Power. The GreenPower tick of approval is an independent assurance that you are supporting renewable energy.
AGL will lead an innovative renewable investment funding vehicle to develop new large-scale renewable generation projects, entitled the 'Powering Australian Renewables Fund'.
AGL proposes to seed the new fund with its solar projects at Nyngan and Broken Hill (155 MW), as well as taking a cornerstone equity stake.
The new vehicle is expected to develop over 1,000 MW of renewable generation at a cost of between $2 to $3 billion, and will build enough green generation for more than 400,000 homes.
For more information, head to our Powering Australian Renewables Fund webpage.