From: Mercom India
Palisade Investment Partners, an independent global infrastructure and real assets manager, has acquired 100% interests in two development-stage renewable energy projects in Australia through Intera Renewables.
The acquisitions include the Monogorilby Renewable Energy Park from LP Renewable Projects and the Winton Renewable Energy Storage and Stability Terminal from Celero Infrastructure. DLA Piper and Ekistica advised Palisade on both transactions.
The Monogorilby project is an integrated renewable energy facility comprising up to 600 MW of wind generation and a co-located 400 MWac/1,600 MWh battery energy storage system. It is in Monogorilby, approximately 250 km northwest of Brisbane, Queensland. LP Renewable Projects originated the project and began initial feasibility assessments in late 2022.
The Winton Renewable Energy Storage and Stability Terminal is a 400 MW/1,600 MWh battery storage project located approximately 10 km northeast of Benalla, Victoria, adjacent to the Glenrowan Terminal Station. Celero Infrastructure originated the project and lodged its development application in June 2026.
Palisade acquired both projects during the development phase. LP Renewable Projects and Celero Infrastructure will continue providing development services for their respective projects through financial close.
The two acquisitions add to Palisade’s existing portfolio of 2.5 GW of operating and under-construction renewable energy assets, owned 100%. Of this capacity, 2.2 GW is in Australia.
In April 2026, Palisade Investment Partners signed an agreement with Copenhagen Infrastructure Partners, a global fund manager, to acquire a 100% ownership interest in the Summerfield battery energy storage system. The company is acquiring the Summerfield BESS partway through construction, with commercial operation scheduled to commence in late 2026.
According to Mercom’s recently released 1H 2026 Funding and M&A for Energy Storage report, project acquisition activity accelerated sharply during the first half of 2026, with approximately 14 GW of battery storage capacity changing hands in 63 transactions, compared with 6.1 GW in 31 transactions during the same period in 2025.
