Richborough Energy Park

Pacific Green targets 12GWh battery energy storage capacity across four global markets

Retrieved on: 
Tuesday, February 6, 2024
Sheaf, OTCQB, BESS, Pacific Green, Richborough Energy Park, Renewable energy

DOVER, DE, Feb. 06, 2024 (GLOBE NEWSWIRE) --  Global energy storage and environmental technology company, Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) is targeting more than 12GWh of battery energy storage capacity across four global markets.

Key Points: 
  • DOVER, DE, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Global energy storage and environmental technology company, Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) is targeting more than 12GWh of battery energy storage capacity across four global markets.
  • Pacific Green is targeting a minimum of 1GWh capacity in each market it enters.
  • Pacific Green’s Australian team is targeting financial close on its first 500MWh of storage capacity this year, ahead of the start of commercial operations in 2026.
  • Pacific Green intends to enter the nascent Polish market in 2024, targeting an initial origination pipeline of approximately 400MWh storage capacity.

Richborough Energy Park battery connects to grid on site of former coal plant

Retrieved on: 
Thursday, December 21, 2023
Richborough Energy Park, Grid, Wind, Acquisition, Electricity, National Grid, Nemo Link, Pacific Green, Pleasure, Thanet Wind Farm, Stuart Jones, Renewable energy

The battery will also provide grid stability services, for example helping to manage voltage and frequency imbalances as renewable generation dips up and down.

Key Points: 
  • The battery will also provide grid stability services, for example helping to manage voltage and frequency imbalances as renewable generation dips up and down.
  • The facility is managed by Pacific Green under a long term asset management agreement and was Sosteneo’s first acquisition in the UK.
  • Richborough substation already hosts the connection for National Grid’s own 1GW Nemo Link interconnector with Belgium, while Thanet Offshore Wind Farm – the world’s biggest at the time of its launch – also connects into an adjacent substation on the wider Richborough Energy Park site.
  • National Grid started redeveloping the site following the demolition of the coal plant, building the converter station for Nemo Link where the plant’s cooling towers once stood.

Gotion High-tech Held the 13th Supplier Conference and 2024 Strategy Launch

Retrieved on: 
Monday, December 25, 2023
Conference, Richborough Energy Park, PGT, ESS, Sheaf, Memorandum of understanding, Social responsibility, Carbon, Pod Point

HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.

Key Points: 
  • HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.
  • Regarding quality, Gotion plans to fortify our control over process capabilities, align our overarching quality indicators with the industry benchmarks, address crucial pain points, and prioritize the augmentation of electrical components' quality.
  • On the globalization front, Gotion's focus for 2024 is to make breakthroughs in three key overseas markets: America, Europe and Africa, and Asia-Pacific.
  • In respect to the supply chain, Gotion is determined to build a green and sustainable supply chain that meets social responsibility and environmental requirements.

Gotion High-tech Held the 13th Supplier Conference and 2024 Strategy Launch

Retrieved on: 
Monday, December 25, 2023
Conference, Richborough Energy Park, PGT, ESS, Sheaf, Memorandum of understanding, Social responsibility, Carbon, Pod Point

HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.

Key Points: 
  • HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.
  • Regarding quality, Gotion plans to fortify our control over process capabilities, align our overarching quality indicators with the industry benchmarks, address crucial pain points, and prioritize the augmentation of electrical components' quality.
  • On the globalization front, Gotion's focus for 2024 is to make breakthroughs in three key overseas markets: America, Europe and Africa, and Asia-Pacific.
  • In respect to the supply chain, Gotion is determined to build a green and sustainable supply chain that meets social responsibility and environmental requirements.

Pacific Green Completes Transaction to Sell Its 99MW Richborough Energy Park Battery Development for GBP 74 Million (US$93 Million)

Retrieved on: 
Wednesday, June 28, 2023
Infrastructure, OTCQB, Investment company, Sale, The Battery (Manhattan), US, Pacific Green Party, Richborough Energy Park, Pacific Green, BESS

DOVER, DE, June 28, 2023 - (ACN Newswire) - Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB:PGTK) announces that it has completed the sale of 100% of the shares in Pacific Green Battery Energy Parks 1 Limited ("PGBEP1") to Sosteneo Fund 1 HoldCo S.a.r.l, an energy transition focused fund for GBP74 million (US$93 million).

Key Points: 
  • DOVER, DE, June 28, 2023 - (ACN Newswire) - Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB:PGTK) announces that it has completed the sale of 100% of the shares in Pacific Green Battery Energy Parks 1 Limited ("PGBEP1") to Sosteneo Fund 1 HoldCo S.a.r.l, an energy transition focused fund for GBP74 million (US$93 million).
  • PGBEP1 is the holding company for 100% subsidiary, Richborough Energy Park Limited, Pacific Green's 99MW battery energy storage system ("BESS") at Richborough Energy Park ("REP") which begins operations later this summer.
  • Scott Poulter, Pacific Green's CEO, commented: "The sale of Richborough Energy Park creates the platform for Pacific Green to now scale its Battery Park division internationally.
  • Pacific Green were advised by JLL Energy and Infrastructure and Gowling WLG.

Pacific Green Enters into An Agreement to Sell Its 99MW Richborough Energy Park Battery Development For GBP 74 Million (US$93 million)

Retrieved on: 
Tuesday, June 13, 2023
Agreement, Sale, US, OTCQB, Pacific Green Party, BESS, Richborough Energy Park, Investment company, GBP, Pacific Green, Airline

DOVER, DE, June 13, 2023 - (ACN Newswire) - Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB:PGTK) announces that it has entered into a sale and purchase agreement ("Agreement") to sell 100% of the shares in Pacific Green Battery Energy Parks 1 Limited ("PGBEP1") to Sosteneo Fund 1 HoldCo S.a.r.l.

Key Points: 
  • DOVER, DE, June 13, 2023 - (ACN Newswire) - Pacific Green Technologies, Inc. ("Pacific Green"), (OTCQB:PGTK) announces that it has entered into a sale and purchase agreement ("Agreement") to sell 100% of the shares in Pacific Green Battery Energy Parks 1 Limited ("PGBEP1") to Sosteneo Fund 1 HoldCo S.a.r.l.
  • for GBP 74 million (US$93 million).
  • PGBEP1 is the holding company for 100% subsidiary, Richborough Energy Park Limited, Pacific Green's 99MW battery energy storage system ("BESS") at Richborough Energy Park ("REP") which begins operations later this summer.
  • Pacific Green will receive an advance of GBP 20m upon signing of the Agreement with an anticipated completion over the following weeks.

Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022

Retrieved on: 
Wednesday, August 10, 2022
U.S. Securities and Exchange Commission, Risk, GW, Concentrated solar power, Industry, Securities Exchange Act of 1934, Security (finance), BESS, National, Company, COVID-19, Digital technology, National Grid, DE, The Company, Form 10-K, Pacific Green, Richborough Energy Park, OTCQB, News, Annual report, Renewable energy

DOVER, DE, Aug 11, 2022 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has successfully completed its first milestone in the process of diversifying and regularizing its income streams.

Key Points: 
  • DOVER, DE, Aug 11, 2022 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has successfully completed its first milestone in the process of diversifying and regularizing its income streams.
  • Over the past six months, the spread between high-sulphur and low-sulphur fuel oils has rebounded to exceed US$200 per ton.
  • Pacific Green Technologies, Inc. is focused on addressing the world's need for cleaner and more sustainable energy.
  • The Company offers Battery Energy Storage Systems and Concentrated Solar Power energy solutions to compliment its marine environmental technologies division.

DGAP-News: Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022

Retrieved on: 
Wednesday, August 10, 2022
U.S. Securities and Exchange Commission, Risk, GW, Concentrated solar power, Industry, Securities Exchange Act of 1934, Security (finance), Annual report, BESS, National, Company, COVID-19, Digital technology, National Grid, The Company, Form 10-K, DE, Pacific Green, Richborough Energy Park, OTCQB, News, Renewable energy

Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022

Key Points: 
  • Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022
    The issuer is solely responsible for the content of this announcement.
  • Pacific Green Successfully Executes Its Transition to Renewable Energy Recurring Income Model and Announces Its Annual Report for Year Ending March 31, 2022
    DOVER, DE / ACCESSWIRE / August 10, 2022 / Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has successfully completed its first milestone in the process of diversifying and regularizing its income streams.
  • Pacific Green Technologies, Inc. is focused on addressing the world's need for cleaner and more sustainable energy.
  • The Company offers Battery Energy Storage Systems and Concentrated Solar Power energy solutions to compliment its marine environmental technologies division.

Pacific Green Reaches Financial Close for GBP28.25 Million (US$34.90 Million) of Funding for its 99.98 MW Richborough Energy Park Battery Development

Retrieved on: 
Tuesday, June 21, 2022
BESS, Security (finance), Securities Exchange Act of 1934, COVID-19, US, London Stock Exchange, London, Company, U.S. Securities and Exchange Commission, CBG, Financial close management, FTSE, Richborough Energy Park, OTCQB, Annual report, LON, Close Brothers Group, Concentrated solar power, News, The Company, CLL, Form 10-K, Energy, Risk, CSP, Renewable energy, Pacific Green, Pacific Green

DOVER, DE, June 21, 2022 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has reached financial close ("Financial Close") for GBP28.25 million (US$34.90 million) of senior debt for the Company's 99.98 MW battery energy storage system ("BESS") at Richborough Energy Park.

Key Points: 
  • DOVER, DE, June 21, 2022 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has reached financial close ("Financial Close") for GBP28.25 million (US$34.90 million) of senior debt for the Company's 99.98 MW battery energy storage system ("BESS") at Richborough Energy Park.
  • The development loan will then be refinanced into a 10 year amortized term loan upon the start of commercial operations.
  • Scott Poulter, Pacific Green's Chief Executive, commented: "Reaching Financial Close is a big milestone in Pacific Green's transition into the world's leading vertical energy developer.
  • This development has proven itself through the rigorous due diligence process and requirements of project finance, providing a template for Pacific Green to scale rapidly."

DGAP-News: Pacific Green Reaches Financial Close for £28.25 Million (US$34.90 Million) of Funding for its 99.98 MW Richborough Energy Park Battery Development

Retrieved on: 
Tuesday, June 21, 2022
BESS, Security (finance), Securities Exchange Act of 1934, COVID-19, US, London Stock Exchange, London, Company, U.S. Securities and Exchange Commission, CBG, Financial close management, FTSE, Richborough Energy Park, OTCQB, Annual report, LON, Concentrated solar power, News, The Company, Close Brothers Group, CLL, DE, Form 10-K, Energy, Risk, CSP, Renewable energy, Pacific Green, Pacific Green

DOVER, DE / ACCESSWIRE / June 21, 2022 / Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has reached financial close ("Financial Close") for 28.25 million (US$34.90 million) of senior debt for the Company's 99.98 MW battery energy storage system ("BESS") at Richborough Energy Park.

Key Points: 
  • DOVER, DE / ACCESSWIRE / June 21, 2022 / Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK)) announces that it has reached financial close ("Financial Close") for 28.25 million (US$34.90 million) of senior debt for the Company's 99.98 MW battery energy storage system ("BESS") at Richborough Energy Park.
  • The development loan will then be refinanced into a 10 year amortized term loan upon the start of commercial operations.
  • Scott Poulter, Pacific Green's Chief Executive, commented: "Reaching Financial Close is a big milestone in Pacific Green's transition into the world's leading vertical energy developer.
  • This development has proven itself through the rigorous due diligence process and requirements of project finance, providing a template for Pacific Green to scale rapidly."