Pacific Green Technologies has signed binding documentation for the sale of 100 percent of the shares in its Limestone Coast North Energy Park to Intera Renewables in a deal representing an enterprise value of A$460 million ($293 million).
The Limestone Coast North Energy Park is Pacific Green’s 250-megawatt/500-megawatt-hour battery energy storage development in the Limestone Coast region of South Australia, which will begin commercial operations in early 2027.
Intera is the renewable-energy platform established and majority owned by funds managed by Palisade Investment Partners, an Australia-based infrastructure and real assets manager.
The asset, the first of two energy parks being developed in Limestone Coast by Pacific Green, will significantly strengthen the region’s grid stability and help further accelerate Australia’s net-zero transition. As part of the transaction, Pacific Green will be retained to manage the construction of the project through t
