Palisade Funding Companions, by way of Intera Renewables, has agreed to accumulate full possession of the 240MW-alternating present/960MW-hour (MWh) Summerfield battery vitality storage system (BESS) from Copenhagen Infrastructure Companions (CIP).
The BESS undertaking is positioned round 50km east of Adelaide, South Australia (SA).
Developed by CIP, development on the undertaking started in February 2025.
Palisade is buying the asset whereas development is already below manner.
The undertaking is supported by a long-term tolling association with Origin Vitality, with commissioning and business operations anticipated in late 2026.
CIP companion and APAC lead Thomas Wibe Poulsen mentioned: “We’re delighted to have reached an settlement to promote Summerfield to Palisade. CIP has efficiently de-risked this large-scale battery undertaking all through improvement and development, demonstrating our means to handle danger and ship worth to our traders.
“The Summerfield undertaking clearly illustrates CIP’s functionality to ship by way of every stage of a undertaking’s life cycle, having efficiently delivered all key improvement workstreams and with development now considerably full.”
Palisade has been investing in clear vitality because the early days of the sector and at the moment owns, operates and manages a broad mixture of renewable belongings throughout Australia and the US.
With the addition of Summerfield, Palisade’s renewables platform will whole roughly 2.5GW of capability on a 100% possession foundation, together with round 2.2GW in Australia.
Blue Energy Companions will proceed to supervise development till the undertaking reaches business operation.
After commissioning, Palisade Built-in Administration Providers, Palisade’s operations and administration arm, will assume ongoing asset administration obligations.
Palisade companion Simon Parbery mentioned: “We’re excited to be working with Copenhagen Infrastructure Companions in delivering this important undertaking for our traders, and Australia’s broader clear vitality transition objectives.
“Summerfield represents Palisade’s second funding in large-scale vitality storage, offering each enticing risk-adjusted returns to traders and long-term strategic worth to our Australian renewables platform Intera Renewables.”
Intera is Palisade’s Australian renewables platform and the cornerstone funding of Palisade’s Renewable Vitality Fund (PREF).
PREF owns 50% of the platform, with the remaining curiosity owned by way of Palisade’s Diversified Infrastructure Fund along with the Clear Vitality Finance Company, Conscious Tremendous and HESTA.
Intera is pursuing a multi‑gigawatt programme spanning the total renewables life cycle, from improvement and development by way of to operations.
