Pacific Green Signs a Landmark Offtake Framework Agreement with Re2 Capital to Support 2GWh of BESS Projects in Australia

Core Insights - Pacific Green Technologies, Inc. has signed a landmark framework agreement with Re2 Capital Ltd. for capacity revenue swap arrangements across four Battery Energy Storage System (BESS) projects in Australia, supporting 2GWh of new storage capacity [1][2][3] - This agreement is a significant milestone in Pacific Green's growth, accelerating the route to market for its 7GWh Australian project portfolio [2] - The combined agreements with Re2 and ZEN Energy enable Pacific Green to guarantee revenue underwriting for 3.5GWh of battery projects in Australia, marking a major milestone for the company's development business [3] Company Developments - The framework agreement with Re2 Capital is described as an industry-first, highlighting its importance for both Pacific Green and the wider energy market [2][4] - The agreement aims to strengthen the National Electricity Market in Australia and facilitate the continued penetration of renewable energy [4]