Pacific Green secures AU$77 million debt facility to accelerate BESS development in Australia

Rhea-AI Summary

Pacific Green Technologies (PGTK) has secured a significant AU$77 million debt facility from Longreach Credit Investors and Australian Philanthropic Services Foundation. The 24-month syndicated facility will support the development of a 7 GWh pipeline of battery energy storage solutions (BESS) projects across the Australian National Electricity Market.

The financing agreement demonstrates Pacific Green's commitment to expanding its platform footprint in Australia and accelerating the energy transition through grid-scale storage infrastructure development. The facility will enable the company to enhance grid reliability and support renewable energy integration across the Australian market.

Positive

• Secured substantial AU$77 million debt facility for 24-month period
• Large development pipeline of 7 GWh in battery storage projects
• Strategic expansion in the Australian National Electricity Market
• Partnership with established investors strengthens market position

Negative

• Increased debt load could impact company's financial flexibility
• Execution risks associated with large-scale BESS development

Sydney, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc., a global leader in battery energy storage solutions, is pleased to announce that its Australian battery energy storage business has completed a financing raise with the Longreach Credit Investors and Australian Philanthropic Services Foundation. The syndicated facility provides up to AU$77 million over a 24-month period to fund the development of a 7 GWh pipeline and expand the platform within the Australian market.

Scott Poulter, Group CEO of Pacific Green, commented: “We are pleased to welcome Longreach Credit Investors and to expand our existing relationship with Australian Philanthropic Services Foundation as partners. This capital allows Pacific Green to expand our platform footprint and accelerate the development of our portfolio of BESS projects across the Australian National Electricity Market.”

The agreement underpins Pacific Green’s commitment to accelerating the energy transition by delivering grid-scale storage infrastructure that supports the integration of renewable energy and enhances grid reliability across Australia.

Alex Nisbet, Chief Commercial Officer of Longreach Credit Investors, commented: “This partnership illustrates Longreach Credit's commitment to supporting high-quality Australian businesses by providing customised debt solutions that enable them to realise their growth ambitions.” 

Chris Cuffe, Chairman of Australia Philanthropic Services Foundation, commented: “We are very excited to continue supporting Pacific Green as it drives the energy transition forward in Australia”.

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

FAQ

What is the value of Pacific Green's (PGTK) new debt facility in Australia?

Pacific Green secured an AU$77 million debt facility from Longreach Credit Investors and Australian Philanthropic Services Foundation.

How will PGTK use the AU$77 million debt facility?

The facility will fund the development of a 7 GWh pipeline of battery energy storage projects and expand the platform within the Australian market over a 24-month period.

Who are the financing partners for PGTK's Australian BESS development?

The syndicated facility is provided by Longreach Credit Investors and Australian Philanthropic Services Foundation.

What is the size of Pacific Green's planned BESS pipeline in Australia?

Pacific Green plans to develop a 7 GWh pipeline of battery energy storage solutions across the Australian National Electricity Market.

What is the duration of PGTK's new debt facility?

The debt facility is structured over a 24-month period to fund development and expansion in the Australian market.