Global battery storage firm Pacific Green has completed a financing raise of $77 million with the Longreach Credit Investors and Australian Philanthropic Services Foundation to fund the development of a 7GWh battery project pipeline.
Related article: Pacific Green expands into NSW with land acquisition
Pacific Green group CEO Scott Poulter said, “We are pleased to welcome Longreach Credit Investors and to expand our existing relationship with Australian Philanthropic Services Foundation as partners.
“This capital allows Pacific Green to expand our platform footprint and accelerate the development of our portfolio of BESS projects across the Australian National Electricity Market.”
The agreement underpins Pacific Green’s commitment to accelerating the energy transition by delivering grid-scale storage infrastructure that supports the integration of renewable energy and enhances grid reliability across Australia.
Pacific Green is deploying next-generation battery energy parks in Australia, including the Limestone Coast Energy Park in South Australia and the Portland Energy Park in Victoria.
Earlier this year, the company inked a deal to sell its Limestone Coast North Energy Park to Intera Renewables for $460 million.
The Limestone Coast North Energy Park is a 250MW/500MWh battery energy storage development in the Limestone Coast region of South Australia, which will begin commercial operations in early 2027.
Related article: Pacific Green to build grid-scale battery park in Victoria
Pacific Green also recently secured a parcel of land in Wagga Wagga, New South Wales, where it plans to build another energy park.
