Pacific Green sells Limestone Coast North Energy Park

Pacific Green Technologies has completed the sale of its Limestone Coast North Energy Park to Intera Renewables. The sale is valued at A$460 million, which is about US$293 million. The energy park, located in South Australia, features a 250 megawatt (MW) and 500 megawatt-hour (MWh) battery energy storage system. This project is the first in Pacific Green's pipeline of 10 gigawatt-hours of energy storage projects in Australia to reach financial closure. Intera Renewables, mainly owned by Palisade Investment Partners, will take over ownership and operations of the energy park. Construction is set to start this month, with the goal of starting commercial operations by February 2027. Gransolar Group will handle construction, while Trina Storage will supply the battery system. Pacific Green will remain involved as the construction manager, ensuring quality and supply chain management, aided by its team in Shanghai. This achievement highlights Pacific Green's expertise in renewable energy projects and its commitment to building sustainable energy solutions. The company has stressed the importance of collaboration with partners like Palisade and Zen Energy to successfully deliver the project. Palisade manages significant renewable energy assets and aims to provide sustainable returns to its investors while aiding Australia’s efforts to reduce carbon emissions.