Pacific Green secures AU$77 million debt facility to accelerate BESS development in Australia

Core Insights - Pacific Green Technologies, Inc. has successfully completed a financing raise of up to AU$77 million to support the development of a 7 GWh battery energy storage pipeline in Australia [1][2]. Group 1: Financing and Development - The financing will be provided by Longreach Credit Investors and Australian Philanthropic Services Foundation over a 24-month period [1]. - The capital raised will enable Pacific Green to expand its platform footprint and accelerate the development of its battery energy storage system (BESS) projects across the Australian National Electricity Market [2]. Group 2: Strategic Partnerships - The partnership with Longreach Credit Investors reflects their commitment to supporting high-quality Australian businesses through customized debt solutions [3]. - Australian Philanthropic Services Foundation expresses excitement in continuing support for Pacific Green as it advances the energy transition in Australia [3].