Pacific Green to Advance Enterprise Asset Management For Large Scale Energy Storage During Australia's Clean Energy Transition With Sale Of Limestone Coast North Energy Park..

Pacific Green has sold its Limestone Coast North Energy Park to Intera Renewables for A$460 million (US$293 million). The 250MW / 500MWh battery energy storage facility in South Australia is scheduled to operate by early 2027.

During the construction phase, Pacific Green will handle the project to be developed by PIMS for benefits to come post-commercial operations in Enterprise Asset Management. This is part of Australia's continuing effort to achieve net zero emissions, specifically making the grid more stable while increasing the capacity for renewable energy integration.

The first of Pacific Green's 10GWh pipeline across Australia, the project at Limestone Coast North is planned for the future. Construction of its second energy park, Limestone Coast West, which will be 250MW / 1,000MWh battery, will most likely start in September 2025. Also in this final stage of approval is the 1000MW / 2,500MWh Portland Energy Park in Victoria, with a construction target date for March 2026.

"This is a deal that has great strategic importance," said Pacific Green Chief Executive Scott Poulter, highlighting that the partnership with Palisade ensured project viability. In fact, by embedding Enterprise Asset Management in this investment in large-scale energy storage, it becomes a potential large contributor to Australia’s clean energy transition.

It will employ Enterprise Asset Management to improve operational efficiency and ultimately to secure the long-term sustainability and profitability needed for investors.