Michael Fraser, AGL’s managing director, said that the transaction was consistent with the company’s strategy of developing a diverse pipeline of renewable projects to meet its long-term obligations under the Mandatory Renewable Energy Target (MRET) scheme.
Mr Fraser said: The federal government has confirmed its commitment to a 45,000GWh target by 2020 and AGL’s portfolio of current renewable generation and potential development opportunities positions us well under the expanded MRET scheme.
