Limestone Coast North is a 250MW / 500MWh battery energy storage project located in South Australia’s Limestone Coast region. The facility is set to commence commercial operations in early 2027 and will play a crucial role in enhancing grid stability while supporting Australia’s transition to net zero.
Intera, the acquiring entity, is a renewable energy platform established and majority-owned by funds managed by Palisade Investment Partners (Palisade), a leading Australian infrastructure and real assets manager.
As part of the agreement, Pacific Green will oversee the project’s construction until commercial operations commence, after which Palisade Integrated Management Services (PIMS) will take on asset management responsibilities through its role as Intera’s asset manager.
The sale underscores Pacific Green’s momentum in the Australian market, where the company is developing a 10GWh pipeline of battery energy parks nationwide.
Backed by its experience in developing utility-scale battery energy parks across Europe, Pacific Green is positioning itself as a key player in Australia’s multi-gigawatt energy storage market.
Scott Poulter, CEO of Pacific Green, emphasized the importance of the agreement, stating:
“We are delighted to have entered this agreement with Palisade, one of Australia’s leading infrastructure fund managers. Limestone Coast North is critical to South Australia’s electricity network and represents the first of Pacific Green’s 10GWh Australian pipeline. We are also pleased to enter into the first of a portfolio of long-term tolling Power Purchase Agreements with Zen Energy.”
Simon Parbery, Executive Director at Palisade, highlighted the strategic importance of the investment:
“We are excited to be working with Pacific Green on this significant project for both our investors and Australia’s broader clean energy transition goals. Limestone Coast North represents Palisade’s first investment in large-scale energy storage, offering strong risk-adjusted returns while strengthening our renewables platform.”
Joel Alexander, Managing Director and CEO of Pacific Green Australia, reflected on the milestone:
“This transaction underscores our commitment to developing commercially viable projects that accelerate Australia’s path to net zero. The backing of Palisade will fast-track the build-out of Limestone Coast North, ensuring it reaches operational status by early 2027.”
The sale of Limestone Coast North cements Pacific Green’s leadership in Australia’s fast-growing battery energy storage sector. With a 10GWh pipeline in development and strong financial backing, the company is poised to play a key role in the nation’s clean energy future.
