Pacific Green

Pacific Green are thrilled to be the main sponsor of the Day 1 Plenary at #AllEnergyAU 2024 on 23rd October. Our Australia Managing Director & CEO Joel Alexander will take part in this panel discussion alongside a distinguished panel including: Lily D’Ambrosio MP, The Hon. Matt Kean, Ross Garnaut (Economist, The Superpower Institute) and Amandine Denis-Ryan. Kane Thornton of the Clean Energy Council will chair the session discussing Australia's role in the global clean energy transition, the opportunities and risks we face, and how to accelerate efforts by 2035.   If you're attending All Energy Australia be sure to catch this important session that cuts to the heart of the critical issues surrounding Australia's #EnergyTransition strategy. You can register for the conference here: https://lnkd.in/dYQ63scX   #CleanEnergy #Renewables

Pacific Green is announcing today the launch of the second phase of its UK Battery #EnergyStorage Systems (BESS) strategy with the appointment of a dedicated Development Team, based in our new office in Edinburgh, Scotland. New Development Directors Steven Black and Fraser Blackwood - both from the #Renewables Division of Jones Lang LaSalle (JLL) and reporting to Dane Wilkins - will enable the business to respond directly to national climate change mitigation objectives and the renewed impetus to deploy energy and grid decarbonisation efforts under the new UK Government. The second phase of our UK BESS strategy will involve originating #cleanenergy projects: identifying land and managing grid and planning consents, and expanding an already growing global operational portfolio of energy storage assets. For more details read the press release here: https://ow.ly/mIT750TFnty

Pacific Green has hit a number of key milestones in the delivery of its 249MW / 373.3MWh Sheaf Energy Park in Kent, England. The first of 200+ containers have been installed at the brownfield site of a former coal-fired power station that will ultimately form part of a strategically significant UK clean energy storage and transmission hub which hosts vital connections for the Nemo Link interconnector with Belgium and Thanet Offshore Wind Farm. For a detailed update on the development of Sheaf Energy Park read our progress report here: https://ow.ly/4bPH50TAXEC #EnergyStorage #RenewableEnergy #EnergyTransition

At 1,000 MW and 2,500 MWh, Pacific Green's Portland Energy Park - that we are seeking approval under the EPBC Act for - would be "easily the biggest on Australia’s main grid, and the biggest in the country". A great report on our proposed development in Portland, Victoria from Giles Parkinson, astutely placing it in the wider context of Australia's rapid #EnergyStorage build out and the path towards #NetZero. https://ow.ly/1bH650TATtA

Australia is one of the most attractive markets in the world for the development of battery energy storage projects - according to Wood Mackenzie. As Australia pursues its #EnergyTransition targets, taking a strategic approach to Australia’s battery rollout could help the grid manage congestion and thus allow more renewable energy onto the network. At Pacific Green, we are playing our part: 1. Our Limestone Coast North project (250 MW/500 MWh) is progressing towards construction commencing in 2025 2. Our Limestone Coast West (250 MW/1,000 MWh) asset is strategically co-located on the same site and utilises a separate connection point to the adjacent 275 kVA South East Substation. Construction is planned to commence in 2026. 3. Our Portland Energy Park project will be Australia's largest battery asset and is projected to lower wholesale energy costs in Victoria by an estimated 3.8%, according to analysis prepared by Cornwall Insight Australia. Read more analysis about how our battery #EnergyStorage projects are helping to enable Australia's #EnergyTransition here: https://ow.ly/tEQ450TzKSR

The key to a resurgence in UK battery revenues is in *arbitrage*. For instance: "In April 2024, high volumes of #wind generation have resulted in low- or negatively-priced periods and have therefore increased the revenue potential from wholesale arbitrage.” Arbitrage opportunities mean UK battery plants will increasingly operate in the wholesale electricity market and in the balancing mechanism, which National Grid ESO uses to match supply with demand every 30 minutes. Find out why analysts are so optimistic about the revenue opportunities for battery developers in the UK: https://ow.ly/wEni50TveLZ #EnergyStorage #BESS

As Australia accelerates its transition to #RenewableEnergy, her transmission network faces significant challenges. 🇦🇺 Congestion, efficiency loss, and intermittency continue to put a strain on the network, risking reliability and resilience. However, strategically placed battery storage offers a promising pathway to alleviate these issues and enhance performance of the grid.🔋 Our Australia MD, Joel Alexander explains, pointing to Pacific Green projects in Victoria and South Australia to illustrate how: https://ow.ly/eb6E50ToRoR #EnergyStorage #NetZero

“Storage is fundamental for the guarantee of a 100% renewable electricity system in 2050” - the Spanish Ministry for Ecological Transition and the Demographic Challenge said last December. In Spain 🇪🇸 Battery storage is increasingly being co-located with #renewableenergy plants to avoid revenue cannibalization. In December, Miteco said it had handed out €150 million across 36 co-location projects, totaling 904 MW of capacity. “At the end of 2023, almost 51% of the electricity generated in Spain is already renewable.” Understand what Spain’s capacity market means for storage with our latest web article: https://ow.ly/PkzG50Tfi58

At Pacific Green, we have decided to lean into our responsibility to deliver sustainable community benefits as we develop grid-scale battery storage assets around the world. In Australia specifically, our approach can be described as Consult, Commit, Contribute. If done correctly and meaningfully, this approach not only enhances our social license to operate but also builds stronger, more resilient communities that are better positioned to support and benefit from sustainable energy advancements beyond us. Read our policy in depth and about how we plan to deliver a positive and lasting impact for the communities who have given us their trust and approval to operate in their region. https://ow.ly/W2tU50T9qY3 #EnergyTransition #EnergyStorage

Did you know: In 2023 #Poland built out a record 1.2 GW of onshore wind power, bringing its total installed capacity to around 9.4 GW. 🇵🇱 WindEurope says: “Offshore wind in Poland is set to take off in earnest from 2025 when the projects awarded in the first auction in 2021 could start coming online. In total we expect 5.2 GW to be connected by 2030, coming up just short of the 2030 offshore target of 5.9 GW.” That's why we're investing big in the Polish #RenewableEnergy Market. Find out more about our plans here: https://ow.ly/hkYR50SYhzg