Pacific Green has finalised the sale of its landmark Limestone Coast North Energy Park to Intera Renewables in a deal valued at $460 million.
The transaction marks a significant step in Pacific Green’s 10GWh Australian BESS project pipeline.
The Limestone Coast North Energy Park, located in the southeast of South Australia, is the first of Pacific Green’s projects in the region to reach Financial Close.
Ownership has now been transferred to Intera, a renewable energy platform established and primarily owned by funds managed by Palisade Investment Partners.
With the deal complete, construction is set to commence this month.
Gransolar Group has been appointed as the Balance of Plant contractor, while Trina Storage will supply the 250MW/500MWh BESS.
The project’s commercial operations are targeted for February 2027.
Accoding to Pacific Green, it will retain its role as construction manager, leveraging its Shanghai-based support team for supply chain management and quality assurance.
The company has navigated the project through site acquisition, grid approvals, BESS procurement, community engagement, and securing a long-term offtake agreement with Zen Energy.
Pacific Green’s CEO, Scott Poulter, said the company has capitalised on its global footprint to create a template for the responsible development and financing of utility-scale storage in Australia.
“Key to this has been cultivating strong relationships with respected partners like Palisade and Zen Energy, Gransolar and Trina Storage who share our commitment to bringing stability to the Australian grid,” Poulter said.
For more renewable and solar news, subscribe to ecogeneration.