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Pacific Green Technologies ( (PGTK) ) just unveiled an announcement.
On February 21, 2025, Pacific Green Technologies announced the sale of its 250MW / 500MWh Limestone Coast North Battery Energy Park to Intera Renewables, managed by Palisade Investment Partners, for A$460 million. This transaction marks a milestone in Pacific Green’s growth in Australia, accelerating the country’s net-zero transition and enhancing grid stability. Pacific Green will oversee construction until operations commence in 2027, with Palisade managing the asset thereafter. The sale is part of Pacific Green’s 10GWh battery energy park development pipeline in Australia, strengthening its position as a leading utility-scale battery developer in the region.
More about Pacific Green Technologies
Pacific Green Technologies, Inc. is a global energy storage and environmental technology company focused on advancing the transition to sustainable energy solutions. The company is rapidly building a portfolio of utility-scale battery energy storage systems with a current pipeline of 14GWh in development, construction, or operation. It combines technology, project development, and finance expertise with strategic partnerships in the global environmental supply chain.
YTD Price Performance: -27.45%
Average Trading Volume: 4,490
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $19.37M
See more data about PGTK stock on TipRanks’ Stock Analysis page.