Mr McGregor said the platform’s acquisition strategy will focus on late-stage developments, ready-to-build projects and equity investments in businesses to scale and accelerate distributed energy.
The project pipeline is expected to be composed of a significant number of small-scale distributed solar projects across the NEM fitted with BESS as well as larger strategic projects.
Mr McGregor said due to the focus on small-scale solar and BESS projects, the grid connection process can be streamlined, resulting in a more rapid deployment profile to support the energy transition.
He also added the platform would service retail, commercial and industrial customers via offtake agreements.
“We are well positioned to execute trades that capture value for the platform and its customers from the widening spreads in intra-day pricing, with our management team’s expertise and experience in BESS in both Australia and the UK central to meeting commercial objectives.”
The Birdwood Distributed Energy Platform has already purchased two operating solar farms which it is enhancing with BESS, invested in a commercial renewable asset finance business and has a further 10 grid solar and battery projects it is getting ready to construct.
Mr Hector also highlighted the depth of commercial and technical experience of the Birdwood management team.
“With combined experience of circa 4.1GW – or US$6 billion – of renewable and energy storage projects, we are excited to support Scott McGregor and Graeme Ludlow, who are focused on achieving their vision of ensuring the energy infrastructure in Australia gets to Net Zero as fast as possible,” he said.
“This is a compelling opportunity to deliver strong long-term returns for our members while also making a contribution to meeting our nation’s renewable energy needs.”