Pacific Green expands Australia footprint into New South Wales with strategic land acquisition [Yahoo! Finance]
PACIFIC GREEN TECHS (PGTK)
NASDAQ:AMEX Investor Relations:
ir.pacificgreentechnologies.com
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Source: Yahoo! Finance
will strengthen and support the region's renewable energy portfolio of assets by storing excess renewable energy and discharging it during peak demand. The land is strategically co-located near TransGrid's existing Wagga 330 kV substation and 16 km from the town of Wagga Wagga, an area of strategic importance to the national grid as it hosts a concentration of renewable energy projects and HumeLink - one of Australia's largest energy transmission line projects. Pacific Green is aiming to build a 10GWh development pipeline of battery energy parks throughout Australia, and this development marks the company's entry into the New South Wales market, further progressing its objective to be one of Australia's leading developers and to help accelerate the country's transition to renewables. Pacific Green is leveraging its significant experience building battery energy parks in the UK and Europe to build a multi-gigawatt platform nationwide in Australia, which will help accelerate the c
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