{"id":51695,"date":"2021-07-01T08:08:09","date_gmt":"2021-06-30T21:38:09","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=51695"},"modified":"2021-07-01T08:08:09","modified_gmt":"2021-06-30T21:38:09","slug":"agl-demerger-greenpeace-mb2060","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/","title":{"rendered":"AGL Demerger &#8220;Green Lipstick On A Pig&#8221;"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-51699\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge.jpg\" alt=\"AGL Demerger\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge-768x403.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Greenpeace Australia Pacific is again turning up the pressure on AGL after the company confirmed its intention to demerge.<!--more--><\/p>\n<p>Any warm and fuzzies AGL may have cultivated after recently announcing it was installing a bunch of <a href=\"https:\/\/www.solarquotes.com.au\/blog\/st-vincent-agl-solar-mb2053\/\">solar systems for St. Vinnies<\/a> in Victoria has been overshadowed by controversy generated from an announcement yesterday confirming the intention.<\/p>\n<p>In a nutshell, it&#8217;s proposed AGL Energy Limited is to be split into two separately ASX-listed businesses. Accel Energy will carry the electricity generation portfolio &#8211; much of which is coal power &#8211; and AGL Australia will be the retail and flexible energy trading, storage and supply business.<\/p>\n<p>But of course, AGL Australia will still be sourcing electricity from Accel Energy. Accel Energy will also retain a 15-20 percent shareholding in AGL Australia.<\/p>\n<p>AGL Energy Chairman Peter Botten, who is tapped to be Accel Energy&#8217;s Chair, <a href=\"https:\/\/www.agl.com.au\/about-agl\/media-centre\/asx-and-media-releases\/2021\/june\/confirmation-of-intention-to-demerge-announcement-of-dividend-actions-affirmation-of-earnings\">said<\/a>:<\/p>\n<blockquote><p>&#8220;..AGL Energy is now at an inflection point, as the transition of the energy sector accelerates, driven by the rapid evolution in renewables and decentralised energy technology, customer needs and community expectations.&#8221;<\/p><\/blockquote>\n<p>According to <a href=\"https:\/\/www.investopedia.com\/terms\/i\/inflectionpoint.asp\">Investopedia<\/a>, the term &#8220;inflection point&#8221; used in business means &#8220;a turning point after which a dramatic change, with either positive or negative results, is expected to result.&#8221;<\/p>\n<p>AGL&#8217;s Board believes the move will be in the best interests of shareholders.<\/p>\n<p>A cynical person might think this is mainly about putting some perceived distance between the AGL brand and its substantial emissions. And on that note..<\/p>\n<h2>Accel Energy An &#8220;Epic Dud Of An Investment&#8221;<\/h2>\n<p>Greenpeace Australia Pacific has been targeting AGL in a campaign claiming the company is Australia\u2019s <a href=\"https:\/\/www.solarquotes.com.au\/blog\/agl-greenpeace-emissions-mb1988\/\"> biggest domestic contributor to climate change<\/a> &#8211; and there&#8217;s been some legal biffo going on around it. So, there&#8217;s not a lot of love lost between the two and it&#8217;s no surprise Greenpeace has come out swinging after this announcement.<\/p>\n<p>While AGL has significant renewable assets in its <a href=\"https:\/\/www.agl.com.au\/about-agl\/how-we-source-energy\">electricity generation portfolio<\/a>, including wind and solar power, Greenpeace says 85% of the electricity AGL generates comes from coal power &#8211; and AGL wants to keep burning coal until 2048. That&#8217;s the year it&#8217;s currently expected<sup class='endnote'><a href='https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/#en-51695-1' id='enref-51695-1' onclick='return hhEndnotes_show(51695)'>1<\/a><\/sup> the Loy Yang A power station (pictured above) will close. AGL&#8217;s Bayswater Power Station, another coal burner, is scheduled to close in 2035. Liddell Power Station will start closing next year, with the completion in 2023.<\/p>\n<p>Senior campaigner for Greenpeace Australia Pacific Glenn Walke said the &#8220;dodgy demerger&#8221; was simply AGL trying to hide its greenhouse gas emissions. He also had a warning for investors.<\/p>\n<blockquote><p>&#8220;Accel Energy is an epic dud of an investment, and investors know it \u2013 who would fund coal in an increasingly renewable-powered world?&#8221; <a href=\"https:\/\/www.greenpeace.org.au\/news\/new-agl-same-old-coal-pollution-dodgy-energy-demerger-details-announced\/\">said Mr. Walker<\/a>. &#8220;It\u2019s time to drop the facade and actually get on with the job of switching to renewable electricity generation.&#8221;<\/p><\/blockquote>\n<p>In light of the announcement, Greenpeace has vowed to increase pressure on AGL. That will be quite a feat given what the organisation has already thrown at the campaign. After what Greenpeace called AGL&#8217;s &#8220;humiliating loss&#8221; in recent legal action relating to Greenpeace&#8217;s campaign &#8211; and the attention it attracted &#8211; AGL&#8217;s lawyers might be be a little more cautious in having another go.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenpeace Australia Pacific is again turning up the pressure on AGL after the company confirmed its intention to demerge.<\/p>\n","protected":false},"author":17,"featured_media":51699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-51695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AGL Demerger &quot;Green Lipstick On A Pig&quot; - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Greenpeace Australia Pacific is again turning up the pressure on AGL after the company confirmed its intention to demerge.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AGL Demerger &quot;Green Lipstick On A Pig&quot;\" \/>\n<meta property=\"og:description\" content=\"Greenpeace Australia Pacific is again turning up the pressure on AGL after the company confirmed its intention to demerge.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T21:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"AGL Demerger &#8220;Green Lipstick On A Pig&#8221;\",\"datePublished\":\"2021-06-30T21:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/\"},\"wordCount\":564,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/agl-demerger-greenpeace-mb2060\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/07\/agl-demerge.jpg\",\"articleSection\":[\"General Solar &amp; 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Olam Food Ingredients (ofi) is Australia's largest producer of almonds, which it grows along the Murray River in the Sunraysia region of Northern Victoria and in New\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar to power Australian almond production","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/solar-power-almonds.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/solar-power-almonds.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/solar-power-almonds.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/solar-power-almonds.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/solar-power-almonds.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":52924,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-torrens-battery-mb2115\/","url_meta":{"origin":51695,"position":2},"title":"SMA Supplying Inverters For Huge Australian Battery Project","author":"Michael Bloch","date":"August 13, 2021","format":false,"excerpt":"Germany's SMA has been selected to supply central inverters for AGL\u2019s 250 MW\/250 MWh battery project at Torrens Island in South Australia. Torrens Island, situated 18 km from Adelaide's CBD, is home to AGL's gas-fired Torrens Power Station and Barker Inlet Power Station. AGL\u2019s first grid-scale battery energy storage system\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Torrens Island Big Battery","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/torrens-island-battery.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/torrens-island-battery.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/torrens-island-battery.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/torrens-island-battery.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/torrens-island-battery.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":42776,"url":"https:\/\/www.solarquotes.com.au\/blog\/agl-click-energy-solar-mb1667\/","url_meta":{"origin":51695,"position":3},"title":"AGL Acquiring Click Energy Group","author":"Michael Bloch","date":"September 2, 2020","format":false,"excerpt":"AGL announced Monday it is to acquire Click Energy Group Holdings Pty Ltd\u00a0 for $115 million, providing a significant boost towards AGL's customer targets. Click Energy Group operates the Click Energy and Amaysim[1. Actually spelled \"amaysim\", with a lower-case \"a\", but this practice bugs the hell out of me. Yes,\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"AGL acquiring Click Energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/agl-click-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/agl-click-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/agl-click-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/agl-click-energy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/agl-click-energy.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":66719,"url":"https:\/\/www.solarquotes.com.au\/blog\/agl-qld-solar-backstop-mb2683\/","url_meta":{"origin":51695,"position":4},"title":"AGL Weighs In On QLD Emergency Solar Backstop Mechanism","author":"Michael Bloch","date":"October 20, 2022","format":false,"excerpt":"Electricity gentailer AGL has had its say on plans to introduce remote rooftop solar shutdown capabilities in Queensland. As we reported in September, it's intended new and replacement rooftop solar and battery storage systems installed in Queensland with a capacity of 10kW or more will be required to be fitted\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Queensland emergency backstop mechanism","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/emergency-solar-backstop.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/emergency-solar-backstop.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/emergency-solar-backstop.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/emergency-solar-backstop.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/emergency-solar-backstop.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":75807,"url":"https:\/\/www.solarquotes.com.au\/blog\/agl-origin-prices-rise\/","url_meta":{"origin":51695,"position":5},"title":"Brace Yourself: AGL, Origin Energy Bills Set to Explode","author":"Richard Chirgwin","date":"June 13, 2023","format":false,"excerpt":"Weeks after the Australian Energy Regulator revealed price hikes for Ausgrid, Essential, Endeavour, Energex and SAPN customers, retailers AGL and Origin have announced their own price rises. Customers on variable rate contracts will see their bills rise in from July 1 in NSW, South Australia and Queensland, and in Victoria\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"paper energy bills","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/06\/energy-bills.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/06\/energy-bills.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/06\/energy-bills.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/06\/energy-bills.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/06\/energy-bills.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/51695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=51695"}],"version-history":[{"count":9,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/51695\/revisions"}],"predecessor-version":[{"id":51705,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/51695\/revisions\/51705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/51699"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=51695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=51695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=51695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}