Enervest secures Billion Watts as international capital partner to accelerate 50 MW portfolio of sub-5 MW assets across NSW and Victoria

Leading Australian energy developer Enervest has today announced a joint development agreement with capital partner Billion Watts, a subsidiary of Billion Electric Co. Ltd (3027.TW), to advance the delivery of a 50 MW / 200 MWh portfolio of sub-5 MW projects across New South Wales and Victoria.

The partnership will target the development of ten strategically located sites connected to distribution networks in both states, supporting local grid stability, system strength and resilience in regional communities. Enervest will lead project origination and development activities, while Billion Watts will provide development capital and strategic support.

The deal marks significant progress in Enervest’s expanding portfolio of high-quality sub-5 MW assets and reinforces its strategy of developing storage infrastructure across multiple layers of the electricity system, from utility scale batteries to distribution connected projects. It also supports a broader platform targeting more than 150MW of annual deployment as the company scales its distributed energy strategy.

Development approvals and Offer to Connect for all ten sites are targeted for June 2027. 

Enervest CEO, Ross Warby, said the partnership with Billion Watts confirms the strategic value of Enervest’s origination model and highlights strong external appetite for the quality of its development pipeline.

“Billion Watts’ expansion into the Australian market highlights growing international investor interest in distributed energy assets, particularly those aligned with faster deployment timelines and diversified revenue streams.

“This partnership enables us to scale our sub-5 MW platform in a disciplined and coordinated way, focusing on strategically located sites that deliver measurable value to distribution networks.

“As legacy generation exits the system, distribution connected batteries are becoming increasingly important to maintaining reliability at the local level. They support Distribution Network Service Providers in managing peak demand and alleviating local constraints and strengthening the grid closer to load, while offering faster connection pathways than transmission-scale infrastructure.

“By developing a portfolio across New South Wales and Victoria, we’re establishing a repeatable and scalable model for distributed storage that delivers certainty and long-term resilience for communities and network operators.”

Backed by the broader Billion Electric Group, Billion Watts brings integrated capabilities across energy infrastructure, power electronics and system integration, positioning it as a strategic partner beyond pure capital deployment.

Billion Watts Director, Elaine Chen, said the investment reflects strong confidence in Enervest’s execution capability and positions Billion Watts to accelerate capital deployment into distributed infrastructure.

“We see distributed storage as a scalable and essential component of modern power systems, allowing for rapid deployment without exposure to the delays and risks often associated with new transmission infrastructure.

“Australia presents a highly attractive market with strong policy support, transparent pricing signals, and increasing demand for flexible capacity.

“Through this partnership with Enervest, we are able to accelerate deployment of high-quality assets connected into existing networks. With an experienced team on the ground and a proven track record of execution, Billion Watts and Enervest are well-positioned to develop these assets at pace to maintain system reliability and meet the evolving needs of a rapidly transitioning grid.”

ENDS

Media Enquiries
Anna Warby
Brand & Communications Lead
anna.warby@enervest.com.au
0476 168 556