Allens has advised Pacific Green on the development and sale of the Limestone Coast North Energy Park battery energy storage system (BESS) to Intera Renewables, a wholly owned subsidiary of Palisade Partners.
The 250MW/500MWh BESS is located in the Limestone Coast region of South Australia and is expected to commence commercial operations in early 2027.
'The development of the Limestone Coast North BESS represents a trend we are seeing across Australia in terms of the important role standalone BESS will play in Australia's energy transition. It is also great to see Pacific Green, as a new entrant in the Australian market, achieve this milestone,' said Partner and energy sector leader Kate Axup.
'Large-scale energy storage assets are an attractive acquisition target for fund managers like Palisade Partners and we hope to be involved in many more transactions like this one this year,' said M&A Partner Chelsey Drake.
The firm advised on all aspects of the transaction including the project documents, connection arrangements, offtake, the sale process and financing.
Allens has recently been involved in a number of notable battery projects, including advising the lenders on Australia's largest standalone BESS financing, ZEN Energy on new battery and solar investment platform and ENGIE on virtual battery offtake agreement.
Allens legal team
Projects
Kate Axup (Partner), David Donnelly (Partner), Michael Graves (Partner), Naomi Bergman (Partner), Ben van Weel (Managing Associate), Skye Kirby (Managing Associate), Luisa Colosimo (Senior Associate), Amy Ryan (Senior Associate), Dennis Smith (Senior Associate), Tina Tran (Senior Associate), Madeleine George (Associate), Grace Vipen (Associate), Alisha Arora (Associate), Penny Hollingdale (Lawyer), Alice Warner (Lawyer), Harrison Philp (Lawyer), Jeanne Shu (Lawyer)
M&A and Capital Markets
Chelsey Drake (Partner), Annie Shum (Senior Associate), Eleanor Skuza (Associate), Candice Pettegree (Lawyer)
Finance, Banking & Debt Capital
Scott McCoy (Partner), Sophie Langham (Associate).