Renewable energy fund: QIC, Future Fund back AGL
Renewable energy fund: Queensland Investment Corporation and the Future Fund are set to become major players in the race to meet the renewable energy target, backing a $2 billion-$3bn fund with diversified energy group AGL that will build up to a fifth of the new capacity needed. QIC and the Future Fund will tip $800 million into a fund that plans to build 1000MW of new wind and solar farms along the east coast in a deal that breaks a long-running deadlock between investors and energy retailers. AGL chief executive Andy Vesey said the fund, to be announced today, will …
