TagEnergy Buys ACE Power, Adds Six Gigawatts In Australia Portfolio

Aug 28, 2025 08:43 AM ET
  • TagEnergy’s acquisition of ACE Power adds about 6 GW of battery, wind, and solar projects to its Australian pipeline.

TagEnergy is scaling up in Australia with the purchase of ACE Power, a developer whose pipeline brings roughly 6 GW of projects into TagEnergy’s fold. The transaction materially enlarges TagEnergy’s footprint across batteries, wind, and solar—an asset mix tuned for a grid where daytime PV is abundant and evening flexibility is at a premium.

The strategic logic is straightforward: bulk up on shovel-ready sites and mature development rights, then standardize design and procurement to move faster through interconnection and financing. In markets like New South Wales, Queensland, and Victoria—where grid headroom and demand growth vary by node—having a diversified slate lets TagEnergy sequence construction based on substation upgrades, transformer availability, and storage revenues.

Expect the company to lean into hybridization. Co-locating batteries with solar reduces round-trip losses and shares interconnection, while enabling arbitrage, frequency response, and capacity payments. The playbook is becoming familiar: pick a small set of battery platforms, pre-agree grid-forming capabilities with network operators, and lock long-lead items early to avoid the bottlenecks that dogged 2023–2024 builds.

For investors, portfolio deals like this diversify risk and can unlock cheaper, platform-level debt—a lever that matters as interest rates stay elevated. For the market, another 6 GW of credible projects is a tangible step toward Australia’s reliability goals as coal retires and rooftop PV keeps rising. The next milestones: project-level final investment decisions, EPC awards, and the first construction mobilizations under the new ownership.