Intera Renewables has acquired two significant development-stage renewable energy projects from LP Renewable Projects and Celero Infrastructure.
Intera is the principal investment of Palisade’s Renewable Energy Fund, which holds a 50% interest in the platform alongside Palisade’s Diversified Infrastructure Fund, Aware Super and HESTA.
The Monogorilby Renewable Energy Park (MREP) has been acquired from LP Renewable Projects while the Winton Renewable Energy Storage and Stability Terminal (WRESST) from Celero.
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MREP is being developed as an integrated renewable energy facility comprising up to 600MW of wind generation and a co-located 400MWac/1,600MWh Battery Energy Storage System (BESS). Located in the Monogorilby locality, approximately 250km northwest of Brisbane, the project was originated by LPRP, which commenced initial feasibility assessments in late 2022.
WRESST is a 400MWac/1,600MWh BESS development project located approximately 10km northeast of Benalla in Victoria, adjacent to the Glenrowan Terminal Station. The project was originated by Celero, which lodged its development application in June 2026.
Intera head of growth and development Edward Mounsey said, “Palisade’s extensive track record in the sector, combined with Intera’s scale, established management platform, investor base and renewables development expertise, provides a compelling proposition for development partners seeking to unlock value from their projects.
“Palisade and its development partners are committed to responsible development and to working closely with host communities to maximise the long-term benefits and opportunities these projects can deliver.”
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The acquisition of MREP and WRESST adds two significant development projects to Palisade’s existing operating and in-construction portfolio of 2.5GW on a 100% ownership basis, including 2.2GW in Australia.
LPRP and Celero will continue to provide development services for their respective projects through to financial close.
