Pacific Green has inked binding documents to sell 100 per cent of its shares in the Limestone Coast North Energy Park to Intera Renewables. This transaction is valued at $ 293 million. The Limestone Coast North Energy Park is a 250 MW/ 500 MWh battery energy storage system (BESS) project located at the Limestone Coast region of South Australia. The project will begin commercial operations in 2027.
Furthermore, as part of this transaction Pacific Green will be retained to manage the project’s construction until it reaches commercial operations. After that, Palisade Integrated Management Services (PIMS) will carry asset management activities through its role as Intera’s asset manager.
Pacific Green is an energy storage and environmental technology company that develops safe and dependable assets. It has a storage pipeline exceeding 12 GWh. It is present globally across Europe, Asia, the Middle East, and Australia.
