Pacific Green Technologies Seeks Buyer for 4.25GW Australian Battery Energy Storage Portfolio
Pacific Green Technologies is actively seeking a buyer for its entire Australian battery energy storage platform, totaling 4.25 gigawatts across 14 projects in four states. This follows the sale of its previous advanced project to Palisade Investment Partners for $460 million. Azure Capital has been engaged to assist in the sale process.
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Pacific Green Technologies is looking to sell up to 100% of its 4.25 gigawatt battery energy storage system platform in Australia, which encompasses 14 projects across four states. This move comes after the company sold its most advanced project to Palisade Investment Partners for $460 million last year. Pacific Green has enlisted Azure Capital to facilitate the sale, indicating that its current pipeline is more advanced than a previous offering from Firm Power in 2024, when AGL Energy invested $250 million.
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