Aussie Renewables Company Seeks Funds for RE Projects

  • Company projects include onshore and offshore wind and green hydrogen and pumped hydro storage projects.
  • Plans to develop a super-hybrid green hydrogen project near Gladstone in Queensland

Energy Estate revealed that it had contracted the services of Nomura Greentech as its financial advisor for the capital raising initiative. The funding is aimed at helping the company build a flexible renewable energy portfolio that will make it emerge as the region’s first zero-carbon independent energy producer. 

Energy Estate has a diverse portfolio of projects that are currently being developed. The projects include onshore and offshore wind and green hydrogen and pumped hydro storage projects. Since it started operations in 2018, the company says it has worked on more than 30 GW of large-scale renewable energy projects, including co-development schemes. 

Recently, the firm revealed its plans to develop a super-hybrid green hydrogen project near Gladstone in Queensland. The project, known as the Flavian scheme, calls for an investment of AUD 2 billion to combine technologies for pumped hydropower and green hydrogen production. Energy Estate is partnering with Sunshine Hydro in this regard. In offshore wind, Energy Estate is partnering with Spanish firm BlueFloat Energy on plans to develop some 4,300MW of offshore wind capacity in Australian waters.

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