Pacific Green Technologies ( (PGTK) ) just unveiled an update.
On March 20, 2025, Pacific Green Technologies announced the completion of the sale of its Limestone Coast North Energy Park to Intera Renewables for A$460 million. This transaction marks the first project in Pacific Green’s 10GWh Australian pipeline to reach Financial Close, highlighting the company’s market-leading development model. The project is set to begin construction this month, with commercial operations targeted for February 2027. Pacific Green will continue as construction manager, ensuring high standards through its Shanghai-based support team. This milestone underscores Pacific Green’s commitment to sustainable energy solutions and positions it as a leader in utility-scale storage development in Australia.
More about Pacific Green Technologies
Pacific Green Technologies, Inc. is a global energy storage and environmental technology company focused on advancing sustainable energy solutions. The company is rapidly building a global portfolio of utility-scale battery energy storage systems (BESS) with a pipeline of 14GWh in development, construction, or operation. Pacific Green leverages extensive technology, project development, and finance expertise, complemented by strategic partnerships across the global environmental supply chain.
YTD Price Performance: -5.88%
Average Trading Volume: 4,133
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.13M
See more data about PGTK stock on TipRanks’ Stock Analysis page.