The latest renewable energy news includes announcements from Palisade, Masdar, Luxcara, APA Group, Sybella Creek hybrid renewable-energy project, and others.
Palisade Acquires 1.4 GW of Wind and Battery Projects in Australia
Palisade Investment Partners has acquired two major development-stage Australian renewable projects through its Intera Renewables platform, representing about 1.4 GW of power capacity and 3.2 GWh of storage. The Monogorilby Renewable Energy Park in Queensland combines up to 600 MW of wind with a 400 MW/1,600 MWh BESS, while the Winton Renewable Energy Storage and Stability Terminal in Victoria comprises another 400 MW/1,600 MWh battery. Palisade acquired Monogorilby from LP Renewable Projects and WRESST from Celero Infrastructure. The transactions are the first large development assets secured by Intera’s new Growth and Development team and materially expand Palisade’s Australian renewable pipeline.
Masdar and Luxcara Plan More Than €5 Billion Offshore Wind and BESS Investment
Masdar and German renewable investor Luxcara have signed a memorandum of understanding to explore more than €5 billion ($5.8 billion) of joint investment in offshore wind and battery energy storage. The partnership will initially focus on Germany but could extend into other European markets. The companies intend to combine Luxcara’s European project-development and asset-management platform with Masdar’s global renewable investment capabilities. Battery storage and offshore wind are specifically identified as priority technologies. The agreement represents one of the largest new clean-energy investment frameworks announced in Europe this month and comes as Germany seeks substantially more offshore generation and flexible storage capacity to support its increasingly renewable-heavy electricity system.
APA Awards EPC Contract for 72 MW Solar and 104 MWh Battery Project in Australia
APA Group has awarded UGL the EPC contract for its Sybella Creek hybrid renewable-energy project in Mount Isa, Queensland, marking a new execution milestone after the project’s earlier final investment decision. UGL will engineer, procure, construct and commission a 72 MW solar farm and 52 MW/104 MWh BESS. APA is investing about AUD 259 million in Sybella Creek, supported by a long-term energy supply agreement with Evolution Mining subsidiary Ernest Henry Mining through mid-2046. Construction is scheduled to begin in late 2026 and finish by mid-2028. The project will combine solar and storage with APA’s existing Diamantina Power Facility to supply lower-emissions, firmed electricity.
