Overview

• Longreach Credit Investors and the Australian Philanthropic Services Foundation are providing the AU$77 million facility over 24 months.
• Pacific Green will use the capital to develop a 7GWh pipeline and expand its Australian platform across the National Electricity Market.
• The company is pursuing large standalone Energy Storage Parks in Australia, typically exceeding 1GWh per site.
• Recent commercial progress includes an LOI with Trina Storage for 1,500MWh of systems and a 10-year tolling deal with ZEN Energy covering 1.5GWh across sites in Victoria, New South Wales and Queensland.
• Pacific Green secured approval for the 500MW/1,500MWh Limestone Coast project in 2024 and subsequently sold it to Intera Renewables for AU$460 million with Trina Storage as the supplier.