Pacific Green Technologies’ Australian subsidiary has entered into an exclusivity agreement to acquire key land sites in Portland, Victoria, Australia.

The agreement was reached with undisclosed parties. The company has plans to develop 1GW/2.5GWh of battery energy parks.

Pacific Green Australia managing director Joel Alexander said: “Since launching Pacific Green’s Australian office in Melbourne last year, we have initially focused on building an experienced management team to create our platform.

“By acquiring this site and project rights, we have now positioned Pacific Green to become one of the largest battery park developers in the Southern Hemisphere.”

Construction works on this project are set to begin next year, with the energy park itself expected to become operational in 2026.

The company’s strategic expansion into the Australian battery energy storage market follows the successful construction and sale of its 99.98MW/99.98MWh Richborough Energy Park in the UK. The park was sold for £74m ($90m).

In December 2022, Pacific Green Technology's wholly-owned subsidiary Pacific Green Battery Energy Parks 2 purchased 100% of the shares of Sheaf Energy for a total of £7.5m.

Pacific Green CEO Scott Poulter said: “Building upon our successes with the sale of Pacific Green’s UK-based 99.98MW/99.98MWh Richborough Energy Park and the continued development of 249MW/375MWh Sheaf Energy Park, this milestone is a huge step in the continuing growth of Pacific Green Battery Energy Parks internationally.”