Pacific Green secures AU$77 million debt facility to accelerate BESS development in Australia
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.
Pacific Green Technologies (PGTK) ha ottenuto un rilevante finanziamento a debito di AU$77 milioni da Longreach Credit Investors e Australian Philanthropic Services Foundation. La linea di credito sindacata, della durata di 24 mesi, sosterrà lo sviluppo di un portafoglio di progetti di accumulo di energia a batteria (BESS) da 7 GWh nel mercato elettrico nazionale australiano.
L'accordo di finanziamento conferma l'impegno di Pacific Green nell'ampliare la propria presenza in Australia e nell'accelerare la transizione energetica tramite lo sviluppo di infrastrutture di accumulo su scala di rete. La struttura finanziaria permetterà all'azienda di migliorare l'affidabilità della rete e facilitare l'integrazione delle energie rinnovabili nel mercato australiano.
Pacific Green Technologies (PGTK) ha asegurado una importante línea de deuda de AU$77 millones con Longreach Credit Investors y Australian Philanthropic Services Foundation. La facilidad sindicada a 24 meses respaldará el desarrollo de una cartera de proyectos de almacenamiento de energía con baterías (BESS) de 7 GWh en el Mercado Nacional de Electricidad de Australia.
El acuerdo de financiación ratifica el compromiso de Pacific Green de ampliar su presencia en Australia y acelerar la transición energética mediante el desarrollo de infraestructura de almacenamiento a escala de red. La instalación permitirá a la compañía mejorar la fiabilidad de la red y favorecer la integración de energías renovables en el mercado australiano.
Pacific Green Technologies(PGTK)가 Longreach Credit Investors 및 Australian Philanthropic Services Foundation로부터 총 AU$77백만 규모의 채무 시설을 확보했습니다. 24개월 만기의 이 신디케이트 시설은 호주 국가 전력시장(NEM) 전역에서 배터리 에너지 저장 시스템(BESS) 7GWh 파이프라인 프로젝트 개발을 지원합니다.
이번 금융 계약은 호주에서 플랫폼 확장과 그리드 규모 저장 인프라 개발을 통한 에너지 전환 가속화에 대한 Pacific Green의 의지를 보여줍니다. 이 시설은 회사가 전력망 신뢰성을 강화하고 호주 시장 전반에 걸친 재생에너지 통합을 지원할 수 있게 해줄 것입니다.
Pacific Green Technologies (PGTK) a obtenu une importante facilité de dette de 77 millions AU$ auprès de Longreach Credit Investors et de l'Australian Philanthropic Services Foundation. La facilité syndiquée sur 24 mois soutiendra le développement d'un portefeuille de projets de stockage d'énergie par batterie (BESS) de 7 GWh sur le marché national de l'électricité australien.
L'accord de financement illustre l'engagement de Pacific Green à étendre sa présence en Australie et à accélérer la transition énergétique par le développement d'infrastructures de stockage à l'échelle du réseau. Cette facilité permettra à la société d'améliorer la fiabilité du réseau et de favoriser l'intégration des énergies renouvelables sur le marché australien.
Pacific Green Technologies (PGTK) hat eine bedeutende Fremdfinanzierung in Höhe von AU$77 Millionen von Longreach Credit Investors und der Australian Philanthropic Services Foundation gesichert. Die 24-monatige Syndizierungsfazilität wird die Entwicklung einer 7 GWh-Pipeline von Batteriespeicherprojekten (BESS) im australischen National Electricity Market unterstützen.
Die Finanzierungsvereinbarung unterstreicht Pacific Greens Engagement, seine Präsenz in Australien auszubauen und die Energiewende durch den Ausbau netzgebundener Speicherinfrastruktur zu beschleunigen. Die Fazilität ermöglicht es dem Unternehmen, die Netzstabilität zu verbessern und die Integration erneuerbarer Energien im australischen Markt zu fördern.
- 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
- 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
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
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