Pacific Green Technologies has reached financial close and completed the sale of a 250MW battery energy storage system (BESS) project in South Australia.
Limestone Coast North Energy Park has been sold to Intera Renewables for $293m.
The Limestone Coast North Energy Park is is one of two battery parks to be co-located on a site in the south east of South Australia.
Notice to Proceed has been issued to Gransolar Group as Balance of Plant contractor who will begin construction this month, with commercial operations targeted for February 2027.
In addition, Notice to Proceed has been issued to Trina Storage to supply the 250MW/500MWh BESS.
Pacific Green will continue its involvement as construction manager, directing Gransolar and Trina Storage.
Scott Poulter, Pacific Green’s CEO, said: “With Limestone Coast North, our team has capitalised on our 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.”