Palisade Investment Partners has moved decisively into large-scale Australian battery storage, using its Intera renewables platform to acquire two development-stage projects worth a combined 800 MW / 3.2 GWh of grid-scale batteries. The deals, disclosed on Sept. 16, 2026, hand the Sydney-based manager some of the biggest single BESS builds in the country's east-coast pipeline as the National Electricity Market (NEM) rushes to shore up firming capacity ahead of coal retirements.
The Projects
The centrepiece is the Monogorilby Renewable Energy Park in Queensland, purchased from developer LP Renewable Projects. Sited about 250 km northwest of Brisbane, MREP pairs 400 MW / 1,600 MWh of battery storage with up to 600 MW of co-located wind, giving Palisade a rare integrated firming-plus-generation asset in the northern NEM. The second is WRESST — the Winton Renewable Energy Storage and Stability Terminal — a 400 MW / 1,600 MWh standalone battery about 10 km northeast of Benalla in Victoria, acquired from Celero Infrastructure and already through the development-application stage as of June. Neither transaction price was disclosed.
Palisade's Intera Push
Simon Parbery, a Palisade partner, framed the deals as central to the Intera growth story: "These projects represent an important step in Intera's growth strategy, and we look forward to working with LPRP and Celero to progress them." Head of growth and development Edward Mounsey said Palisade's track record combined with Intera's scale offers Australian developers a clear route to unlock project value — the strongest signal yet that the firm intends to be an aggregator of consented but unfunded BESS pipeline.
Why It Matters
AEMO's Integrated System Plan says Australia needs to bring on more than 60 GW of firming and storage this decade. Locking in 3.2 GWh of consent-ready pipeline in one week gives Palisade an outsized position in Queensland and Victoria, the two states with the tightest reliability outlooks. Combined with recent deals like the Sungrow / be.storaged 1.6 GWh Germany framework, NeoVolta's $53M Ontario reservation and Nova Scotia Power's Atlantic Canada fleet, the message is clear: institutional infrastructure money is now the dominant force at the front of the grid-scale storage queue.
Reporting based on coverage from Energy-Storage News, Mercom Capital and TaiyangNews.