What Intera Renewables does

Intera Renewables is an Australian renewable energy infrastructure investment platform established in March 2023 by Palisade Investment Partners. The company aggregates utility-scale wind, solar photovoltaic, and lithium-ion battery energy storage assets under common ownership, governance, and a single portfolio-level financing structure. Its portfolio spans four Australian states (Queensland, South Australia, Victoria, Tasmania) and comprises five operational assets at launch (Hallett 1, Snowtown 2, Granville Harbour, Macarthur wind farms and Ross River solar farm) totaling approximately 1 GW, expanded to roughly 2.5 GW on a 100% ownership basis following the 2025 acquisition of Limestone Coast North Energy Park from Pacific Green Technologies (A$460 million) and the 2026 acquisition of the Summerfield BESS (240 MW/960 MWh) from Copenhagen Infrastructure Partners.

The business generates revenue through two principal streams: (1) the sale of electricity and renewable energy certificates under long-term offtake agreements with major Australian energy retailers, notably AGL Energy (for Hallett 1 and Macarthur) and Origin Energy (tolling agreement for Summerfield), and (2) asset management and platform fees earned through Palisade Integrated Management Services (PIMS). Capital is sourced from institutional investors via Palisade's Renewable Energy Fund (PREF, ~50% ownership), the Diversified Infrastructure Fund (PDIF, ~7%), and co-investments from HESTA, Aware Super, and the Clean Energy Finance Corporation. At launch, Intera executed an A$1.3 billion single portfolio financing facility from a nine-bank consortium, described as the largest such facility for an Australian renewables platform, providing debt capacity well beyond conventional single-asset project finance.

Intera's go-to-market is institutional and relationship-driven, with no consumer-facing channels. Customers are split into energy retailers and utilities purchasing electricity and grid services under PPAs and tolling agreements, and superannuation funds and infrastructure investors acquiring equity exposure through PREF, PDIF, and co-investment vehicles. The platform pursues both organic growth (new-build development led by a dedicated Growth and Development division established in 2025) and inorganic expansion through asset acquisitions targeting multi-gigawatt scale over the next five years. PREF has delivered a 12.8% per annum total return since inception to September 2024, including 7.3% income.

Name

Intera Renewables

Legal name

Intera Renewables

Website

https://interarenewables.com.au

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Intera Renewables is an Australian utility-scale renewable energy infrastructure platform, founded in 2023 by Palisade Investment Partners, that owns and operates ~2.5 GW of wind, solar, and battery storage assets to provide contracted clean energy and long-term returns to institutional superannuation investors and energy retailer offtakers.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Investment

NAICS

Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Utility-scale renewables
• Clean energy infrastructure
• Wind and solar assets
• Battery energy storage
• Infrastructure investment platform

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Energy Generation and Offtake Contracts: Revenue is generated from the sale of electricity and renewable energy certificates (RECs/LCs) produced by operational wind and solar farms, sold under long-term offtake agreements (PPAs) with major energy retailers such as AGL Energy and Origin Energy. These contracts provide contracted, predictable cash flows underwritten by the existing portfolio of high-quality operating assets.
2. Asset Management and Platform Fees: Palisade Integrated Management Services (PIMS) provides operational management services to Intera assets, generating fee income from asset oversight, performance optimization, and portfolio-level synergies across the aggregated renewable energy platform.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Intera Renewables is a privately held renewable energy infrastructure investment platform that develops, owns, and operates utility-scale wind farms, solar photovoltaic farms, and lithium-ion battery energy storage systems (BESS) across Australia. The platform aggregates operational and development-phase assets under common ownership, governance, and a single A$1.3 billion portfolio financing facility, generating revenue through long-term power purchase agreements (PPAs) with energy retailers and platform/asset management fees.

Product overview

Intera Renewables is a renewable energy investment platform established in March 2023 by Palisade Investment Partners. The company operates as a unified platform managing a diversified portfolio of large-scale renewable energy generation assets across Australia. The portfolio consists of five operational wind and solar farms (Snowtown 2 Windfarm at 270 MW, Macarthur Wind Farm at 420 MW, Granville Harbour Wind Farm at 112 MW, Hallett Wind Farm at 94.5 MW, and Ross River Solar Farm at 116 MW) with combined capacity exceeding 1 GW. The platform is expanding into battery energy storage with the acquisition of Summerfield BESS (240 MW/960 MWh) and Limestone Coast North Energy Park (250 MW/500 MWh). Intera's strategy combines stable income returns from existing operating assets with growth through developing and constructing new renewable energy projects, targeting multi-gigawatt investment over five years.

Differentiator

Problem solved

Functional benefit

Products and services

• Snowtown 2 Wind Farm A 270 MW operating wind farm located approximately 170 km north of Adelaide in South Australia, featuring 90 Siemens direct-drive turbines and generating an average of 875 GWh of electricity per year, enough to power approximately 146,000 homes. Owned and operated by Intera Renewables and sold into long-term offtake agreements.
• Granville Harbour Wind Farm A 112 MW operating wind farm on a remote beef cattle farm near Zeehan on the West Coast of Tasmania, featuring 31 Vestas turbines and generating enough electricity to power around 46,000 homes, contributing to Tasmania's 100% renewable self-sufficiency goal.
• Macarthur Wind Farm A 420 MW operating wind farm located approximately 260 km west of Melbourne in Victoria, with 140 turbines operational since 2013, whose electricity and green outputs are contracted to AGL Energy under a long-term offtake agreement.
• Hallett Wind Farm South Australia 1 A 94.5 MW operating wind farm with 45 turbines located approximately 180 km north of Adelaide in South Australia, operational since 2008, whose electricity and green outputs are contracted to AGL Energy under a long-term offtake agreement.
• Ross River Solar Farm

Quantifiable outcome

• Intera's seed portfolio generates approximately $150m EBITDA in the first 12 months on an Intera proportionately owned basis.
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Origin EnergycoreStrategic or Co-development Partner · 1 April 2026The Summerfield BESS project includes a long-term tolling agreement with Origin Energy, one of Australia's largest energy retailers, for the offtake and grid services from the 240 MW/960 MWh battery storage facility in South Australia.
• Copenhagen Infrastructure Partners (CIP)coreStrategic or Co-development Partner · 1 April 2025Palisade signed an agreement with Copenhagen Infrastructure Partners to acquire 100% ownership of the Summerfield battery energy storage system project (240 MW/960 MWh) located near Adelaide, South Australia, through Intera Renewables. Construction began in February 2025, with commercial operation scheduled for late 2026. This is Palisade's second large-scale energy storage investment through Intera.
• Pacific Green TechnologiescoreStrategic or Co-development Partner · 1 February 2025Pacific Green Technologies entered binding documentation to sell 100% of shares in its Limestone Coast North Energy Park to Intera Renewables for A$460 million (US$293 million). The 250MW/500MWh battery energy storage system in South Australia will begin commercial operations in early 2027. Pacific Green will manage construction through to commercial operations.
• Palisade Integrated Management Services (PIMS)coreImplementation/ SI/ Consulting Partner · 1 March 2023Palisade Integrated Management Services (PIMS) provides operational management services to Intera's portfolio of renewable energy assets. PIMS manages ten individual assets within the Palisade portfolio and enables Intera to be managed as a single business rather than individually managed assets, allowing for increased ability to optimise performance through synergies and economies of scale.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Others

• AGL Energy: Australia's largest energy retailer and a major offtaker/counterparty to Intera (Hallett 1 and Macarthur PPAs). Also a generator of renewable energy, making it both customer and adjacent competitor in the Australian renewables landscape.
• Origin Energy: Major Australian energy retailer and counterparty to Intera on the Summerfield BESS tolling agreement. Increasingly active in renewable generation and storage, with overlapping customer/competitor dynamics.

Direct peers

• Neoen Australia: French-listed independent power producer with significant Australian wind, solar and battery storage assets (including the Victorian Big Battery). Comparable business model of utility-scale renewable generation contracted to Australian retailers and grid.
• Copenhagen Infrastructure Partners (CIP): Global fund manager that sold its 100% stake in the Summerfield BESS to Intera in 2026. A peer institutional renewables investor/developer with significant Australian BESS exposure and a directly comparable investment approach.
• Squadron Energy: Australia's largest renewable energy developer/owner (parent of CWP Renewables), with operational wind, solar and BESS assets and a deep development pipeline. The most directly comparable Australian utility-scale renewables platform and the prior employer of Intera's new Growth & Development team.
• Pacific Green Technologies: Seller of the Limestone Coast North Energy Park (250 MW/500 MWh BESS) to Intera for A$460M. A battery storage developer with adjacent Australian and international projects, making it a transactional peer in the same BESS pipeline.
• Tilt Renewables: ASX-listed owner and operator of utility-scale wind and solar generation assets across Australia and New Zealand. Directly comparable in asset mix (wind/solar, no BESS yet) and Australian geographic footprint.
• CWP Renewables (now part of Squadron Energy): Australian wind and solar developer acquired by Squadron Energy; Intera's Growth & Development leadership built their track record here. Directly comparable in Australian development pipeline and asset operating profile.

Broad incumbents

• Iberdrola Australia (formerly Infigen Energy): Subsidiary of global utility Iberdrola, operating utility-scale wind and battery storage assets in Australia. Larger and more capitalised incumbent with similar wind/BESS strategy targeting Australian offtakers.
• EDF Renewables Australia: Subsidiary of global utility EDF, developing and operating utility-scale wind, solar and battery storage in Australia. Comparable generation asset profile and contracting structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/intera-renewables

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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 Intera Renewables