Equis

What Equis does

Equis Development Pte. Ltd. is a Singapore-headquartered Asia-Pacific infrastructure developer formed in 2019 through the restructuring of an earlier funds management business into an asset development company. The company develops, builds, owns, and operates utility-scale renewable energy (solar, wind, and offshore wind), battery energy storage systems (BESS), bioenergy, and waste processing infrastructure across Australia, Japan, and South Korea, with regional offices in Melbourne, Brisbane, Seoul, and Tokyo. Its Australian business is consolidated under the GreenPoint Energy platform, which manages a 2.5 GW portfolio of 12 BESS and wind assets in the National Energy Market, anchored by the 600 MW Melbourne Renewable Energy Hub — one of the world's largest battery storage projects — and includes the 200 MW/800 MWh Koolunga BESS in South Australia under construction for September 2027 completion.

The company's core technology is the integrated development and operation of grid-scale energy infrastructure that converts intermittent renewable generation into dispatchable capacity through battery storage, capacity trading, and long-term offtake structures. Revenue is generated through long-duration offtake agreements with utilities and government entities, regulated capacity payments under schemes such as the Australian Capacity Investment Scheme and Japan's long-term decarbonization auction, and project financing arrangements including a $400 million debt facility for the Melbourne Renewable Energy Hub and a US$1.25 billion 2020 capital raise. The go-to-market is exclusively B2B enterprise field sales — bilateral offtake negotiations with utilities like Korea Power Exchange and competitive tender submissions to government counterparties such as Victoria's State Electricity Commission and the Australian Federal Government — with no consumer-facing or channel distribution. Customer segments are government energy entities (primary), electricity utilities and grid operators (primary), and industrial energy consumers (secondary).

Name

Equis

Legal name

Equis Development Pte. Ltd.

Website

https://equis.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Equis Development Pte. Ltd. is a Singapore-based Asia-Pacific infrastructure developer that develops, owns, and operates utility-scale renewable energy, battery storage, bioenergy, and waste processing assets across Australia, Japan, and South Korea.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Development

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS EPC, Integration & Commissioning (EUAFAAAB), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL)

Keywords

• Renewable energy infrastructure
• Battery energy storage
• Infrastructure project development
• Utility-scale solar wind
• Waste processing facilities

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Infrastructure Development and Ownership: Equis develops, constructs, owns and operates large-scale energy infrastructure assets including renewable energy projects, battery storage systems, bioenergy plants, and waste processing facilities. Revenue is generated through long-term offtake agreements with utilities and governments, capacity payments, and project financing structures.
2. Project Financing: Secures project financing for infrastructure development, including landmark debt financing deals such as the $400 million Melbourne Renewable Energy Hub debt financing. Revenue model involves structuring finance for asset development with returns realized through asset operations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Equis is an Asia-Pacific infrastructure developer that originates, develops, constructs, owns, and operates utility-scale renewable energy (solar, wind, hybrid), battery energy storage systems (BESS), bioenergy, and waste processing assets across Australia, Japan, and South Korea. The company manages the full project lifecycle and generates revenue through long-term offtake agreements, capacity payments, and project financing structures with government entities and utilities.

Product overview

Equis is an Asia-Pacific infrastructure developer offering a portfolio of energy infrastructure products and services. The core offerings include GreenPoint Energy, a market-leading Australian energy transition platform managing 2.5 GW of renewable and battery storage assets; large-scale battery energy storage systems (BESS) including the Melbourne Renewable Energy Hub (600 MW) and Calala BESS; offshore wind projects including the 532 MW Anma project in South Korea; biomass power generation in Japan (Hokkaido); and Equisera, a decarbonization technology platform. The company also develops waste processing infrastructure across the region.

Differentiator

Problem solved

Functional benefit

Brands

• GreenPoint Energy: Australian renewables platform consolidating Equis Australia business with 2.5 GW portfolio across battery energy storage systems and wind farms.

Products and services

• GreenPoint Energy Platform Australian renewables platform consolidating Equis Australia's entire business into a subsidiary managing a 2.5 GW portfolio of 12 battery energy storage systems and wind farms across Australia's National Energy Market.
• Melbourne Renewable Energy Hub Operational 600 MW battery energy storage system in Victoria, one of the world's largest battery projects, developed in partnership with Victoria's State Electricity Commission.
• Equisera Systems-led technology platform for industrial decarbonisation (formerly Wild Hydrogen) that converts waste streams into viable outputs like biomethane to replace fossil fuels and integrates solutions at energy system intersections.
• Calala Battery Energy Storage System Battery energy storage system project in New South Wales, Australia, reaching financial close in March 2025.
• Koolunga Battery Energy Storage System 200 MW/800 MWh battery storage project in South Australia, 180 kilometers north of Adelaide, selected under the federal Capacity Investment Scheme with targeted completion for September 2027.
• Anma Offshore Wind Project 532 MW offshore wind project in South Korea for which Equis consortium secured a 20-year offtake agreement.
• Jeju Battery Energy Storage System BESS project in Jeju Island, South Korea, with capacity offtake agreement with Korea Power Exchange signed in June 2024.
• Hokkaido Biomass Projects Two 112 MW biomass power generation projects in Hokkaido, Japan, secured through Japan's long-term decarbonization auction in May 2024.

Quantifiable outcome

• 2.5 GW renewable energy and battery storage portfolio across Australia
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Victoria's State Electricity Commission (SEC)flagshipStrategic or Co-development PartnerStrategic co-development partnership for the Melbourne Renewable Energy Hub, one of the world's largest battery storage projects. Victoria's SEC and Equis achieved financial close and commenced construction together, combining government utility resources with Equis development expertise.
• SSE RenewablescoreStrategic or Co-development PartnerEquis and SSE Renewables formed a consortium to bid for Gippsland Offshore Wind Projects in Victoria, Australia. The partnership combines Equis' local development capabilities with SSE Renewables' offshore wind expertise.
• GenusPlus GroupcoreImplementation/ SI/ Consulting PartnerAustralian contractor secured AU$110 million turnkey contract to develop the Koolunga Battery Energy Storage System (200 MW/800 MWh) in South Australia. Equis Development as project owner engaged GenusPlus for construction services.
• Korea Power ExchangecoreChannel Partner/ Reseller/ DistributorEquis consortium entered into capacity offtake agreement with Korea Power Exchange for BESS project in Jeju Island. The agreement provides revenue certainty through the regulated capacity market mechanism.
• SeAH Besteel HoldingsminorChannel Partner/ Reseller/ DistributorEquis partnered with SeAH Besteel Holdings for an offtake agreement on a Korean solar project, providing long-term power purchase agreement for project revenue certainty.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Iberdrola: Global utility-scale renewables and BESS developer with growing APAC presence. Directly comparable to Equis in developing, owning, and operating utility-scale wind, solar and storage projects with long-term offtake structures.
• Macquarie Asset Management (Green Investment Group): Global green infrastructure platform that originated within Macquarie, where several Equis Managing Directors previously worked. Direct competitor in APAC renewables and BESS development with similar institutional capital base.
• Tokyo Gas: Japanese energy company and direct acquirer of Equis's Japan Bioenergy assets in 2020. Comparable Japanese market participant and a potential competitor/counterparty for future Japanese decarbonization auction projects.
• NextEra Energy: World's largest developer of wind and solar generation with growing BESS portfolio. Comparable business model of utility-scale renewable + storage development with long-duration PPAs, though operating primarily in the Americas.
• ENGIE: Global energy infrastructure developer with significant APAC renewables and battery storage investments. Comparable as a multi-technology utility-scale developer competing for the same government tender and offtake opportunities.

Emerging players

• TagEnergy: Independent renewables and BESS developer active in Australia and Europe, including partnerships with major utilities. Comparable emerging independent developer pursuing utility-scale wind, solar and battery storage projects.

Direct peers

• Lightsource bp: Global utility-scale solar and battery storage developer with growing APAC footprint. Comparable as an independent, capital-backed developer focused on large-scale renewable-plus-storage projects under long-term offtake.
• CWP Global: Independent utility-scale renewables developer with significant APAC and emerging-market focus, developing wind, solar and storage projects. Highly comparable independent developer model competing for similar tenders and offtakes.

Regional players

• AGL Energy: Major Australian utility developing utility-scale BESS and renewable generation assets including the Torrens Island battery. Closest Australian-listed competitor in the same NEM tender and capacity market dynamics.
• Origin Energy: Australian integrated energy company developing large-scale battery storage and renewables projects in the NEM, including competing in Capacity Investment Scheme tenders. Direct regional peer for the GreenPoint Energy portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Equis