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Pacific Green Secures AU$77 Million Facility to Accelerate 7GWh Australian Battery Storage Pipeline

Funding from Longreach Credit Investors with support from Australian Philanthropic Services Foundation positions the developer to scale its Energy Storage Parks strategy.

Pacific Green's Sheaf Energy Park in the UK, currently under construction. Image: Pacific Green Technologies.
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Overview

  • The syndicated debt runs for 24 months to advance a 7 GWh development pipeline and expand Pacific Green’s presence in Australia’s National Electricity Market.
  • A 10-year tolling agreement with ZEN Energy covers three projects totaling 1.5 GWh across Victoria, New South Wales and Queensland.
  • A letter of intent with Trina Storage provides for 1,500 MWh of battery systems across multiple sites.
  • Pacific Green previously secured planning for the 500 MW/1,500 MWh Limestone Coast project, later sold to Intera Renewables for AU$460 million.
  • The latest AEMO outlook identifies battery storage as the NEM’s most reliable clean energy technology, supporting the sector’s investment case.