$341m to be funded from debt financing facility. Good
This reinforced the belief that money managers are interested in Australia green infrastructure.
The South Australia's wind and battery storage has been working really well for the state's grid stability.
Victory and NSW will follow suite as they transit from coal based to solar-wind- battery storage.
Infratil has been lobbying to sell a portion of Tilt energy to invest in the US wind farm. Tilt's solar- wind business also affected by the electricity spot market too.
I believe it's a goo price as the spot market is at its lowest cost curve and Agl will invest heavily in battery storage to lift profit margin generated from Solar-Wind energy.
Battery storage is making good money as It is designed to release necessary power according to the grid's electricity performance and the energy stored in the batteries could be well bidded when the spot price is high.
Tesla did very well and Agl is well placed to capture bigger market in Vic and NSW
Up and go from here.
Ann: Participation in PowAR's acquisition of Tilt Renewables, page-3
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