AGL to convert Loy Yang to renewable energy hub
It will be used as a facility for solar panel materials recovery.
AGL Energy entered a memorandum of understanding with Solar Recovery Corporation (SRC) to conduct a feasibility study for a solar panel materials recycling facility at the AGL Loy Yang plant, converting it into the Latrobe Valley Energy Hub.
In a statement, AGL said the facility is targeted to remanufacture end-of-life solar panels, adding that the feasibility study will also include training and employment opportunities for the local community.
Markus Brokhof, AGL Energy COO, said the MOU is a first step in turning the coal plant into an industrial renewable energy hub.
“We are pleased to be partnering with the Solar Recovery Corporation to build a recycling facility at our Loy Yang site. AGL will also recycle our end-of-life solar panels at the company’s facilities as we work together to achieve a lower carbon future and build a circular economy,” he said.
AGL targets to exit coal-fired generation by mid-2035 and develop 12 gigawatts of renewable capacity by 2036. It also aims to repurpose its sites into industrial hubs.