Mallesons is proud to have advised AGL Energy on its final investment decision to proceed with the Kwinana Gas Power Generation 2 Project (K2), a $490 million, 220 MW dual-fuel gas-fired power station in Western Australia.
The project involves the development of an open-cycle gas turbine plant co-located with AGL’s existing Kwinana facility. Construction is expected to commence in mid-2026, with operations targeted for the fourth quarter of 2027.
K2 supports AGL’s strategy to develop new firming capacity to enable the continued expansion of renewable generation while strengthening its Western Australian energy portfolio.
The Mallesons team was led by Partner Shannon Etwell supported by Senior Associate Grace Bettridge.
Commenting on the transaction, Shannon Etwell said:
“We are pleased to have worked with AGL on this important project, which represents another milestone in its strategy to invest in flexible generation capacity to support the build-out of renewables and further strengthen its portfolio of firming assets.”
