Consolidated our position as Australia’s leading renewable energy company by investing in new renewable projects and development options
Announced the construction of the Hallett 4 Wind Farm in South Australia. When completed the 132 MW wind farm will be one of the largest in Australia
Continued construction work on the Bogong Hydro Power Station (140 MW) and the Hallett 2 Wind Farm (71 MW) which are both due for completion in 2009/10
Initiated the Carbon Implementation Project to manage the operational risks associated with the proposed Carbon Pollution Reduction Scheme
Continued to develop new options for renewable projects with a total of 2,000 MW of projects at various stages of development (in addition to the 353 MW of renewable generation projects under construction as of 30 June 2009), and acquired the rights to develop wind farms at: Barn Hill, Eudunda and Burra in South Australia, Crows Nest in Queensland and Armidale in New South Wales
Continued to adopt a market leading position by trading Australian Emissions Units (AEU) under the proposed Carbon Pollution Reduction Scheme
Established the AGL Climate Change Council as a formal mechanism for continuing to meet with our key stakeholders
Made a cornerstone investment in Torrens Energy Limited, one of Australia’s leading geothermal companies. We also entered into a Geothermal Alliance Agreement to commercialise base load geothermal projects close to the electricity transmission network
Agreed to supply Better Place Australia with renewable energy for a large scale rollout of electric cars
Agreed to work with MBD Energy Limited on a pilot project to utilise carbon dioxide in a biosequestration process through our investment in the Greater Energy Alliance Corporation (GEAC) and the Loy Yang A Power Station
Continued trading carbon internationally through the Chicago Climate Exchange, complying with our obligations and meeting our emission reduction targets - a 6% reduction in scope 1 emissions from Loy Yang A power station (AGL’s 32.5% equity share) and Torrens Island Power Station by 2010
Sold GreenPower accredited energy to over 30,000 residential customers
Ranked third in the world out of 110 of the largest publicly listed electric utilities for our disclosure of carbon risks to stakeholders in the Carbon Disclosure Project 2009 Electric Utilities Report
