EQUIS AND VICTORIA’S SEC FINANCIALLY CLOSE AND COMMENCE CONSTRUCTION ON ONE OF THE WORLD’S LARGEST BATTERY PROJECTS Well done to our colleagues in Australia! Incredible dedication and resilience! Equis Australia Energy Infrastructure Australia Mahesh Reddy Indluri Roby Camagong Bryce Paterson Vincenzo di Gennaro Ed Viel Johan Mouton
EQUIS AND VICTORIA’S SEC FINANCIALLY CLOSE AND COMMENCE CONSTRUCTION ON ONE OF THE WORLD’S LARGEST BATTERY PROJECTS Equis is delighted to announce that Equis and SEC have financially closed and commenced construction of Phase 1 of the Melbourne Renewable Energy Hub. MREH Phase 1 has been expanded to three independent projects of 200MW with a total capacity of 600MW/1600MWh and will involve an investment of over $1 billion. With the SEC’s equity investment of $245 million, Equis expanded its equity investment to over $510 million in MREH Phase 1. The joint ownership of MREH Phase 1 will allow Victorians to financially benefit from the operations of critical renewable energy infrastructure, whilst also ensuring the project supports jobs and local content. ABOUT EQUIS Equis is Asia-Pacific’s leading renewable energy and waste infrastructure developer and investor with a successful track record of having developed over 240 projects across the region. Equis’ major shareholders are Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan Board. Equis has offices in Australia, South Korea, Japan and Singapore. MEDIA RELEASE https://lnkd.in/eTkDw9Na Energy Infrastructure Australia Mahesh Reddy Indluri Roby Camagong