Energy infrastructure investment firm Equis has announced the launch of a wholly owned subsidiary focused on the development, construction, and ownership of renewable energy assets in Australia.
GreenPoint Energy comprises the entire Equis Australia business, including all staff and assets, and will continue to be led by its founders David Russell, Roby Camagong, and Mahesh Reddy Indluri.
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GreenPoint Energy has a 2.5GW portfolio of 12 BESS and wind assets that span every National Energy Market-connected state, including the 600MW/1,600MWh Melbourne Renewable Energy Hub (MREH) in Victoria.
Greenpoint Energy is currently building the 250MW/500MWh Calala BESS in New South Wales and the 200MW/800MWh Koolunga BESS in South Australia. Both projects have secured support under the Federal Government’s Capacity Investment Scheme as well as private sector offtake agreements.
The company will also continue the delivery of the 600MW Jackson North Wind Farm in Queensland’s Western Downs Region and the 190MW Bell Bay Wind Farm in Tasmania.
“The launch of GreenPoint Energy represents the natural evolution of our Australian investment strategy,” Equis managing director and GreenPoint Energy chair David Russell said.
“Since 2021, we have built a platform that has consistently outperformed competitors while avoiding the pitfalls constraining other market entrants—grid connection queues, planning lead times, contractor availability, and offtake competition.
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“By formalising this as GreenPoint Energy, we are providing a dedicated, highly focused Australian vehicle to deliver the energy infrastructure Australia needs to reach its 2030 and 2050 climate goals.”
