Palisade to acquire 240MW/960MWh Summerfield BESS

Palisade Investment Partners, done Intera Renewables, has agreed to get afloat ownership of the 240MW-alternating current/960MW-hour (MWh) Summerfield artillery vigor retention strategy (BESS) from Copenhagen Infrastructure Partners (CIP).

The BESS task is located astir 50km eastbound of Adelaide, South Australia (SA).

Developed by CIP, operation connected the task began successful February 2025.

Palisade is purchasing the plus portion operation is already nether way.

The task is supported by a semipermanent tolling statement with Origin Energy, with commissioning and commercialized operations expected successful precocious 2026.

CIP spouse and APAC pb Thomas Wibe Poulsen said: “We are delighted to person reached an statement to merchantability Summerfield to Palisade. CIP has successfully de-risked this large-scale artillery task passim improvement and construction, demonstrating our quality to negociate hazard and present worth to our investors.

“The Summerfield task intelligibly illustrates CIP’s capableness to present done each signifier of a project’s beingness cycle, having successfully delivered each cardinal improvement workstreams and with operation present substantially complete.”

Palisade has been investing successful cleanable vigor since the aboriginal days of the assemblage and presently owns, operates and manages a wide premix of renewable assets crossed Australia and the US.

With the summation of Summerfield, Palisade’s renewables level volition full astir 2.5GW of capableness connected a 100% ownership basis, including astir 2.2GW successful Australia.

Blue Power Partners volition proceed to oversee operation until the task reaches commercialized operation.

After commissioning, Palisade Integrated Management Services, Palisade’s operations and absorption arm, volition presume ongoing plus absorption responsibilities.

Palisade spouse Simon Parbery said: “We are excited to beryllium moving with Copenhagen Infrastructure Partners successful delivering this important task for our investors, and Australia’s broader cleanable vigor modulation goals.

“Summerfield represents Palisade’s 2nd concern successful large-scale vigor storage, providing some charismatic risk-adjusted returns to investors and semipermanent strategical worth to our Australian renewables level Intera Renewables.”

Intera is Palisade’s Australian renewables level and the cornerstone concern of Palisade’s Renewable Energy Fund (PREF).

PREF owns 50% of the platform, with the remaining involvement owned done Palisade’s Diversified Infrastructure Fund unneurotic with the Clean Energy Finance Corporation, Aware Super and HESTA.

Intera is pursuing a multi‑gigawatt programme spanning the afloat renewables beingness cycle, from improvement and operation done to operations.