UK energy company Pacific Green has set itself a target of securing 12GWh of battery energy storage this year in four countries.
It said it expanded its global pipeline to 6GWh (2.35GW) of capacity in 2023. Pacific Green is using lithium-ion technology for all of its projects, but a spokesperson said it is open to exploring new technologies.
Australia and Italy remain hotspots for significant further pipeline expansion, with the company also seeking to recharge its origination portfolio in the maturing UK market, as well as taking its first steps into the nascent Polish market.
Pacific Green is targeting a minimum of 1GWh capacity in each market it enters, it said. In the UK, it closed the financing for the 200MW/373.5MWh Sheaf Energy Park. It said it is one of the first and largest non-recourse debt financed BESS sites in the world.
It transferred ownership of this and another project to energy transition fund Sosteneo. Priority this year is to continue construction and see it commissioned in July 2025, it said.
Last year, it secured land exclusivity agreements for two major BESS projects in Southern Australia: Limestone Coast (0.5GW/1.5GWh) and Portland Energy Park (4 x 250MW battery energy parks totalling 1GW/2.5GWh capacity). A further 3GWh is in origination (i.e. sites being sourced).
The company said it is chasing financial close on the first 500MWh of storage capacity this year and aims to start commercial operations in 2026.
In Italy, Pacific Green said it acquired majority shareholding in five 100MW battery energy parks in 2023, totalling 2.8GWh capacity. It aims to complete the finance on its first 1.5GWh of storage capacity this year and kick off commercial operations in 2026. It is looking to expand its origination portfolio to almost 5GWh in total.
Poland is the next market the company is chasing, and has a target of 400MWh storage capacity.
Scott Poulter, Pacific Green’s chief executive, said: “We’re focused on rolling out next-generation battery energy parks at scale and at speed…The role of battery storage in advancing the energy transition is no longer debatable – but to achieve the momentous growth that’s needed in operational capacity, the market needs to double down on its efforts to originate workable projects and commercialise and deploy the technology efficiently.”