Pacific Green Enters Agreement to Secure Sites to Develop 1.0 GW / 2.5GWh of Battery Energy Parks in Victoria, Australia

Pacific Green Enters Agreement to Secure Sites to Develop 1.0 GW / 2.5GWh of Battery Energy Parks in Victoria, Australia

DOVER - Oct. 06, 2023 (GLOBE NEWSWIRE) -- / Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB: PGTK) announces that Pacific Green Technologies (Australia) Pty Ltd., a wholly-owned subsidiary of Pacific Green, has entered into an exclusivity agreement to secure strategic land sites in Portland, Victoria to develop 1.0 GW / 2.5 GWh of battery energy parks (the “Project”).

Following Pacific Green’s successful development and sale of its 99.98 MW / 99.98 MWh Richborough Energy Park in the United Kingdom for £74m (US$93m), this strategic entry into the Australian battery energy storage market is a significant expansion for Pacific Green’s Energy Parks division.

The Project will commence construction in 2024, with the energy park anticipated to be operational in 2026.

Joel Alexander, Pacific Green’s Managing Director, Australia, commented: “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.”

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

About Pacific Green Technologies, Inc.:
Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. Pacific Green offers Battery Energy Storage Systems and Concentrated Solar Power to complement its environmental technologies division. Pacific Green has offices in the USA, United Kingdom, Australia, Saudi Arabia and China.

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