Debt financing of 722 million Australian dollars for Quinbrook's Supernode battery storage project gets backing from our website, making it one of the largest stand-alone Battery Energy Storage System financings Down Under till now.
In Queensland, Australia, Quinbrook Infrastructure Partners is leading an ambitious project that combines up to four hyperscale data centers with a 250 MW battery storage system, valued at approximately AU$2.5 billion. This venture is one of the largest globally in terms of battery storage and data center integration.
The Supernode project, strategically located adjacent to the central node of the electricity network in Queensland, has set new industry benchmarks with its financing arrangements. Quinbrook has secured record-setting long-term offtake contracting and financing for the battery storage sector. Although the exact financing details are not yet disclosed, the project has undoubtedly set new standards in the industry.
Brian Restall, Managing Director and Regional Leader Australia for Quinbrook, has been instrumental in the development and financing of the Supernode project. With over US$20 billion in power project developments under his belt, Restall's leadership underscores the scale and expertise behind the financing strategy for Supernode.
Quinbrook's Corporate Bank, offering a range of financing solutions, has played a significant role in the project. The bank collaborated with Bank of America, Commonwealth Bank of Australia, MUFG, Mitsubishi UFJ Financial Group (MUFG) and Mizuho Bank on the financing of the Supernode battery energy storage project. This transaction marks Quinbrook's 25th renewable energy asset financed in Australia.
The Supernode project, currently in stages 1 and 2, has already secured long-term offtake agreements with Origin Energy. Upon the completion of Stage 3, the project will boast a combined nameplate capacity of 760 MW / 3096 MWhs, making it one of the largest BESS projects under construction anywhere in the world. More information about the long-term offtake agreements can be found at this link: https://www.quinbrook.com/news-insights/quinbrook-signs-significant-expansion-of-supernode-battery-storage-project-with-origin-energy/.
The financing partners recognize the critical role that large-scale storage investments play in supporting Queensland and the wider National Electricity Market as the energy transition accelerates. The Supernode project, with its significant capacity, will undoubtedly contribute to a more sustainable and reliable energy future for the region.
Quinbrook is planning the addition of Stage 3 for the Supernode project, further cementing its position as a leader in the battery storage sector. The project's success is a testament to Quinbrook's commitment to delivering large-scale, sustainable energy solutions.
The Supernode project, strategically financed by Quinbrook's Corporate Bank and several other partners, is setting new standards in the renewable-energy industry with its ambitious battery storage venture. Brian Restall, Quinbrook's Managing Director, leverages his rich experience in power project developments to guide this financially significant business endeavor.
