Fund
Australia
South Australian Solar & BESS Portfolio
Six operating grid-connected solar SPVs in South Australia, 26.23 MW DC, with a 99.55 MWh co-located battery expansion into the NEM's highest-priced FCAS market.
100,000
Asset Summary
Six fully operational solar PV special purpose vehicles across South Australia, totalling 22.38 MW AC / 26.23 MW DC of grid-connected generation. The sites generate revenue from electricity and large-scale generation certificate sales, with approximately A$2.5M recorded in the most recent audited year. The investment case combines an operating solar base with a 99.55 MWh four-hour co-located battery build programme, screened at approximately A$30M of capex and a 31% revenue-to-capex ratio, targeting frequency control ancillary services in the National Electricity Market's highest-priced region.
Property Overview
The portfolio comprises six grid-connected special purpose vehicles with a combined 26.23 MW DC of installed solar capacity, including 5.37 MWh of battery storage already installed at one site. Revenue in the most recent audited year was approximately A$2.5M, around 30% of which came from certificate sales. Two sites sit under a contracted retail offtake agreement, with the remaining four on bilateral retail power purchase agreements. The value creation plan is to acquire the operating vehicles, reset the capital stack, and install four-hour co-located battery storage across all six sites — 99.55 MWh of new build at approximately A$300K per MWh. On the underwriting case this lifts run-rate revenue to approximately A$9.4M, a 3.7x step change, by shifting the portfolio from declining solar PPAs to battery-led dispatch into the South Australian FCAS market. Pricing and diligence are in progress. Battery figures are revenue and capex screen outputs rather than valuations, and exclude grid connection, financing, tax, augmentation and degradation. Further detail is available to engaged parties under NDA.
Target Yield
8%
Asset Size
$40,000,000.00
Asset Class
Renewable Energy
Minimum Investment
100,000
Investment Term
Open-Ended
Revenue Model
Contracted & Merchant
Inception
Region
Australia
