Palisade Investment Partners acquires two renewable energy projects from LP Renewable Projects and Celero Infrastructure
Type: Acquisition · Technology: Hybrid · Country: Australia · Announced: 2026-09-14
Palisade Investment Partners acquired 100 percent interests in two development-stage renewable energy projects in Australia: the Monogorilby Renewable Energy Park (MREP) and the Winton Renewable Energy Storage and Stability Terminal (WRESST). MREP is an integrated facility comprising up to 600 megawatts of wind generation and a colocated 400-megawatt ac/1,600-megawatt-hour battery energy storage system. WRESST is a 400-megawatt ac/1,600-megawatt-hour battery energy storage system development project located in Victoria, Australia, adjacent to the Glenrowan Terminal Station. The acquisitions were completed partway through the projects' development phases through Palisade's Australian renewable-energy platform, Intera Renewables, which was established in 2023. The deal adds two material development projects to Palisade's existing operating and in-construction portfolio of 2.5 gigawatts on a 100 percent ownership basis, including 2.2 gigawatts in Australia. The acquisitions follow the recruitment of Intera's growth and development team from Squadron Energy, which led the core development function responsible for establishing a 10-gigawatt project pipeline and progressing more than 1.2 gigawatts of renewable-energy projects from development to delivery.
Analysis
Palisade Investment Partners acquired 100% interests in the Monogorilby Renewable Energy Park and the Winton Renewable Energy Storage and Stability Terminal from LP Renewable Projects and Celero Infrastructure on 14 September 2026 in Australia. Palisade Investment Partners is a Sydney‑based infrastructure investment manager with over A$6.5 billion in assets under management. Intera Renewables, Palisade’s Australian renewable‑energy platform established in 2023, added the two projects to an existing portfolio of 2.5 GW of operating and under‑construction assets, including 2.2 GW in Australia. The acquisitions were completed partway through the development phases of the projects, which comprise up to 600 MW of wind generation and a 400 MW/1,600 MWh battery system at Monogorilby and a 400 MW/1,600 MWh battery system at Winton.
Key points
- Palisade Investment Partners acquired 100% interests in two projects on 14 September 2026
- Projects are located in Australia (Monogorilby, Victoria)
- Monogorilby includes up to 600 MW wind and a 400 MW/1,600 MWh battery system
- Winton includes a 400 MW/1,600 MWh battery system
- Palisade manages over A$6.5 billion in assets and now holds 2.2 GW in Australia
Counterparties
- Intera Renewables (Parent Company)
- Celero Infrastructure (Seller)
- Palisade Investment Partners (Buyer)
- LP Renewable Projects (Seller)
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