Pacific Green sells Limestone Coast North battery project

The energy storage facility will commence commercial operations in 2027.

Pacific Green Technologies, Inc. has sold 100% of its shares in Limestone Coast North Energy Park to Intera Renewables for $293m.

In a statement, Pacific Green said Intera is the renewable energy platform established, and majority owned by funds managed by Palisade Investment Partners, an Australian-based infrastructure and real assets manager.

The 250 megawatt (MW) / 500 megawatt-hour (MWh) battery energy storage development in Limestone Coast region in South Australia is expected to begin commercial operations in early 2027.

Under the deal, Pacific Green will continue to manage the construction of the project through to commercial operations. Palisade Integrated Management Services will then implement asset management activities as Intera’s asset manager.

Limestone Coast North is the first of a 10 gigawatt-hour development pipeline of battery energy parks Pacific Green is rolling out throughout the country. These include Limestone Coast West, a 250 MW / 1,000 MWh battery energy storage development, and Portland Energy Park, a 1,000 MW / 2,500 MWh project.

Pacific Green has also acquired land rights in Wagga Wagga, where the company will develop its first New South Wales project.