Allens advises Pacific Green on Limestone Coast North BE development and sale

Allens recently advised Pacific Green on the development and sale of the Limestone Coast North Energy Park battery energy storage system (BESS) to Intera Renewables, a subsidiary of Palisade Partners. This 250MW/500MWh BESS project in the Limestone Coast region of South Australia is set to begin commercial operations in early 2027.

Partner Kate Axup highlighted the significance of standalone BESS projects in Australia’s energy transition, noting the milestone achievement by Pacific Green as a new entrant in the Australian market. Partner Chelsey Drake emphasized the appeal of large-scale energy storage assets to fund managers like Palisade Partners and expressed a hope for more transactions like this in the future.

Allens provided comprehensive legal advice on various aspects of the transaction, including project documents, connection arrangements, offtake agreements, the sale process, and financing. The firm has been actively involved in significant battery projects, such as advising lenders on Australia’s largest standalone BESS financing, assisting ZEN Energy with a new battery and solar investment platform, and supporting ENGIE with a virtual battery offtake agreement.

The legal team at Allens handling the Pacific Green transaction included Kate Axup, David Donnelly, Michael Graves, Naomi Bergman, and several other associates and senior associates across different practice areas.

Among the legal services provided, M&A Partner Chelsey Drake mentioned that large-scale energy storage assets are attractive targets for fund managers, highlighting the firm’s ongoing involvement in such transactions. Scott McCoy, a Partner specializing in finance, banking, and debt capital, also contributed to the successful completion of this project.

Allens acknowledges the growing importance of energy storage in Australia’s renewable energy landscape and is committed to supporting clients in navigating the evolving policy, technological, regulatory, and commercial aspects of the energy sector. Through their expertise, the legal team at Allens continues to demonstrate a strong commitment to facilitating the energy transition in Australia.

For further information on the Allens legal team and their involvement in the Pacific Green transaction, interested parties can reach out to Kate Scanlon, Senior Communications & Corporate Affairs Manager in Sydney.

In conclusion, Allens’ recent advisory role in the development and sale of the Limestone Coast North BESS to Intera Renewables reflects the firm’s expertise and commitment to supporting clients in the renewable energy sector. With a focus on energy project development, mergers and acquisitions, contracting, and financing, Allens continues to play a significant role in shaping Australia’s energy transition landscape.