Global Infrastructure SherpaQuinbrook secures 1500MWh BESS offtake agreements with Origin Energy for Supernode Storage Project in Queensland, Australia
USD845M
Deal Value
1500 MW
Capacity
Quinbrook Infrastructure Partners secured two long-term offtake agreements with Origin Energy, Australia's largest electricity retailer, for the first two phases of its Supernode Storage Project in Queensland. These agreements cover 1500MWh of Battery Energy Storage System (BESS) capacity and represent an investment of over AUS 845M by Quinbrook, followed by the largest ever project financing of a battery storage project in Australia.
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Counterparts (3)
Offtaker
Quinbrook
Quinbrook is a specialist investor in energy transition infrastructure, focusing on creative investing to accelerate the shift to cleaner energy. They develop and build innovative projects and high-growth businesses, meeting customer needs through large-scale renewable power generation, renewable fuels production, long-duration storage, grid firming, and energy transmission infrastructure.
Origin Energy
Origin Energy is an Australian energy company providing electricity, gas, internet, and solar solutions to residential and business customers. They are involved in power generation, gas exploration, and renewable energy projects, with a focus on cleaner and smarter energy solutions.
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Quinbrook Infrastructure Partners is pouring over AUS 845M into the initial phases of its Supernode Storage Project in Queensland, a major move for the specialist energy transition investor. They've locked in 1500MWh of battery capacity with Origin Energy, Australia's largest electricity retailer, through two long-term offtake agreements. This substantial commitment is designed to underpin what Quinbrook expects to be the largest project financing ever for an Australian battery storage project.
- Quinbrook's AUS 845M investment in Supernode Storage.
- 1500MWh BESS capacity secured by Origin Energy.
- Targeting Australia's largest battery storage project financing.
- Origin Energy: Australia's largest electricity retailer.
Timeline
Announced
Mar 3, 2024
Signed
Closed
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