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.

Follow the link for more news on

AGL

Also Read

NSW OKs Liverpool Range Wind Farm expansion

SPNEC faces delays in project over right-of-way, grid connection issues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

18 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

18 hours ago

NSW OKs Liverpool Range Wind Farm expansion