GreenPoint Energy comprises the entire Equis Australia business, including all staff and assets, and has been successfully operating in Australia since 2021.
GreenPoint Energy’s 2.5GW portfolio of 12 BESS and wind assets spans every National Energy Market (NEM)-connected state and is underpinned by a diverse and strategic pipeline of projects designed to provide grid stability and low-cost renewable energy across the NEM including:
- Melbourne Renewable Energy Hub (MREH): A 600 MW / 1,600 MWh BESS successfully delivered on time and on budget in partnership with the State Electricity Commission of Victoria (SEC). MREH reached full commercial operations in November 2025 and hosts the first operational 4-hour BESS in the NEM.
- BESS Assets Under Construction: Greenpoint Energy is currently building:
- Calala BESS – a 250 MW / 500 MWh BESS in New South Wales, which is due to reach commercial operation in 1H 2027; and
- Koolunga BESS – a 200 MW / 800 MWh BESS in South Australia, which is due to reach commercial operation in 1H 2028.
Both projects have secured support under the Federal Government’s Capacity Investment Scheme as well as private sector offtake agreements.
- Onshore Wind Platform: GreenPoint Energy will continue the delivery of two significant onshore wind assets, including the 600 MW Jackson North Wind Farm in Queensland’s Western Downs Region, and the 190 MW Bell Bay Wind Farm in Tasmania. Bell Bay Wind Farm is also the only wind project in Tasmania that secured support from the Capacity Investment Scheme.
GreenPoint Energy contracts at least 70 per cent of revenue under long-term offtake agreements on a 10-year rolling basis, de-risking cashflows and delivering competitive pricing to counterparties. This approach gives GPE an advantage when negotiating bilaterally or participating in auctions. GPE has built a track record of successfully implementing this policy by signing multiple long-term agreements with investment grade corporates, utilities, and government-backed offtakers.
“The launch of GreenPoint Energy represents the natural evolution of our Australian investment strategy,” said David Russell, Managing Director of Equis and Chairman of GreenPoint Energy.
“Since 2021, we have built a platform that has consistently outperformed competitors while avoiding the pitfalls constraining other market entrants – grid connection queues, planning lead times, contractor availability, and offtake competition. By formalising this as GreenPoint Energy, we are providing a dedicated, highly focused Australian vehicle to deliver the energy infrastructure Australia needs to reach its 2030 and 2050 climate goals.”
GreenPoint Energy will continue to be led by its founders, supported by the expert senior team of 59 people who have overseen this portfolio since the inception of its first project. This team comprises specialists with deep expertise in renewable energy development and investment, grid connection, energy market modelling, engineering and procurement, and complex infrastructure delivery, having successfully taken multiple assets in the portfolio from early-stage origination to operations on-time and under budget.
About GreenPoint Energy
GreenPoint Energy (GPE), a subsidiary of Equis, is led by its founders: David Russell, Roby Camagong, and Mahesh Reddy Indluri. The GPE founders have raised and managed AUD 6.1 billion of equity. This has been invested into over 250 renewable energy and energy transition assets across 10 countries including GPE and Equis Energy (now Vena Energy).
About Equis
Equis is headquartered in Singapore and actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea.
Equis’ shareholders are Abu Dhabi Investment Authority, Ontario Teachers’ Pension Plan Board and its Senior Management.
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