TagEnergy has acquired ACE Power for an undisclosed amount, significantly strengthening its renewable energy development capabilities and project pipeline in Australia. ACE Power is known for developing solar, wind, and battery storage projects, actively collaborating with local communities to deliver positive environmental and social impacts. The company boasts expertise across the entire lifecycle of renewable energy projects, aiming to accelerate Australia's transition to a clean and reliable electricity network.
Prior to this acquisition, TagEnergy had established a presence with 1.33 gigawatts (GW) of renewable energy projects already under construction and operation in Australia. This strategic purchase integrates ACE Power's substantial portfolio of greenfield projects and its experienced development team, which has successfully cultivated a pipeline of significant renewable energy initiatives within four years. The acquisition is a clear move to expand TagEnergy's footprint and leverage ACE Power's deep understanding of local project development and community engagement.
The integration immediately expands TagEnergy's total renewable energy project pipeline to 10GW across Australia. This expanded portfolio now includes high-profile developments such as Victoria’s Golden Plains Wind Farm, which is currently the largest onshore wind project under construction in the Southern Hemisphere. This synergy combines ACE Power's proven development expertise and its commitment to innovative clean energy solutions with TagEnergy's existing operational scale and investment capacity. The combined entity is now positioned to more rapidly advance the deployment of diverse renewable energy sources, contributing substantially to Australia's clean energy future and solidifying its role as a key driver in the nation's energy transition efforts.