Sell-side adviser appointed to market Pacific Green’s Limestone Coast Battery Energy Park in Australia
Pacific Green Technologies (OTCQB: PGTK) has appointed Azure Capital as the sell-side adviser for its Limestone Coast Battery Energy Park in South Australia. The project, developed by Pacific Green's wholly owned subsidiary, Pacific Green Energy Parks Australia Pty , is a 250 MW / 500 MWh battery energy storage system located near Mount Gambier. This strategic move signals Pacific Green's intent to potentially divest or seek partners for this significant energy infrastructure project, which could have implications for the company's future revenue streams and market position in the renewable energy sector.
Pacific Green Technologies (OTCQB: PGTK) ha nominato Azure Capital come consulente per la vendita per il suo Limestone Coast Battery Energy Park in Australia Meridionale. Il progetto, sviluppato dalla controllata interamente posseduta da Pacific Green, Pacific Green Energy Parks Australia Pty, è un sistema di stoccaggio energetico a batteria da 250 MW / 500 MWh situato vicino a Mount Gambier. Questa mossa strategica segnala l'intento di Pacific Green di poter dismettere o cercare partner per questo importante progetto infrastrutturale energetico, che potrebbe avere implicazioni per i futuri flussi di entrate e la posizione di mercato dell'azienda nel settore delle energie rinnovabili.
Pacific Green Technologies (OTCQB: PGTK) ha nombrado a Azure Capital como asesor de venta para su Limestone Coast Battery Energy Park en Australia del Sur. El proyecto, desarrollado por la filial completamente controlada de Pacific Green, Pacific Green Energy Parks Australia Pty, es un sistema de almacenamiento de energía por batería de 250 MW / 500 MWh ubicado cerca de Mount Gambier. Este movimiento estratégico señala la intención de Pacific Green de potencialmente desinvertir o buscar socios para este importante proyecto de infraestructura energética, lo que podría tener implicaciones para las futuras fuentes de ingresos y la posición de mercado de la empresa en el sector de las energías renovables.
Pacific Green Technologies (OTCQB: PGTK)는 Azure Capital을 호주 남부의 Limestone Coast Battery Energy Park의 매각 측 자문으로 임명했습니다. 이 프로젝트는 Pacific Green의 완전 자회사인 Pacific Green Energy Parks Australia Pty에 의해 개발된 250 MW / 500 MWh 배터리 에너지 저장 시스템으로, Mount Gambier 근처에 위치하고 있습니다. 이 전략적 결정은 Pacific Green이 이 중요한 에너지 인프라 프로젝트에 대해 잠재적으로 자산 매각이나 파트너를 모색할 의도를 가지고 있음을 나타내며, 이는 회사의 향후 수익원과 재생 가능 에너지 부문에서의 시장 위치에 영향을 미칠 수 있습니다.
Pacific Green Technologies (OTCQB: PGTK) a nommé Azure Capital en tant que conseiller à la vente pour son Limestone Coast Battery Energy Park en Australie-Méridionale. Le projet, développé par la filiale entièrement détenue de Pacific Green, Pacific Green Energy Parks Australia Pty, est un système de stockage d'énergie par batterie de 250 MW / 500 MWh situé près de Mount Gambier. Ce mouvement stratégique signale l'intention de Pacific Green de potentiellement céder ou de chercher des partenaires pour ce projet d'infrastructure énergétique significatif, ce qui pourrait avoir des implications pour les futures sources de revenus et la position du marché de l'entreprise dans le secteur des énergies renouvelables.
Pacific Green Technologies (OTCQB: PGTK) hat Azure Capital als Verkaufsberater für ihren Limestone Coast Battery Energy Park in Südaustralien ernannt. Das Projekt, das von der Tochtergesellschaft von Pacific Green, Pacific Green Energy Parks Australia Pty, entwickelt wurde, ist ein 250 MW / 500 MWh Batteriespeichersystem, das in der Nähe von Mount Gambier liegt. Dieser strategische Schritt signalisiert die Absicht von Pacific Green, möglicherweise zu veräußern oder Partner für dieses bedeutende Energieinfrastrukturprojekt zu suchen, was Auswirkungen auf die zukünftigen Einnahmequellen und die Marktposition des Unternehmens im Bereich erneuerbare Energien haben könnte.
- Appointment of a reputable sell-side adviser (Azure Capital) for a major energy project
- Ownership of a large-scale battery energy storage system (250 MW / 500 MWh) in Australia
- Potential divestment of a significant asset may impact future revenue streams
Dover, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB: PGTK) announces that Pacific Green Energy Parks Australia Pty Ltd., a wholly owned subsidiary of Pacific Green, has appointed Azure Capital to advise on the sale of the 250 MW / 500 MWh Limestone Coast Energy Park battery energy storage system (“Limestone Coast Battery Energy Park”) Pacific Green is developing near Mount Gambier, South Australia.
About Pacific Green Technologies, Inc.:
Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. It offers grid-scale battery energy storage systems, renewable and environmental technologies. For more information, visit Pacific Green’s website: www.pacificgreen.com
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forwardlooking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continuation of the Agreement, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Limestone Coast Battery Energy Park and general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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