KIND

KIND Enters the Australian Energy Market for the First Time with a Korean Consortium

- Participating in a 100 MW Battery Energy Storage System (BESS) Project in Queensland in Partnership with Korean Companies and Financial Institutions -

- Creating a Platform for Korean Companies’ Entry into the Energy New Industry through EPC and O&M Contracts -

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) announced that it has signed investment and project participation agreements for a 100 MW Battery Energy Storage System (BESS) project to be developed in the Tangkam area of Queensland, Australia.

This project marks KIND’s first entry into the Australian market and aligns with the Australian government’s active policy to expand energy storage capacity in response to the rapid growth of renewable energy and increasing demand for power grid stability. The project involves the construction and operation of a 100 MW BESS facility in the Tangkam area near Toowoomba, approximately 160 km west of Brisbane, with an operational period of approximately 20 years.

KIND is participating in the project as a co-investor alongside the Plant, Infrastructure, and Smart City (PIS) Policy Fund and Korean financial institutions. Korean companies will undertake the engineering, procurement, and construction (EPC) as well as operation and maintenance (O&M) of the facility. The total value of overseas contracts awarded to Korean companies is estimated at approximately USD 100 million (KRW 147 billion), and the project is expected to serve as a gateway for Korean companies’ full-scale entry into the Australian energy market.

The project is particularly significant as it represents a joint entry by Korean companies, including domestic financial institutions and asset managers, into Australia—an emerging strategic market. It also stands as a representative success case of an “investment-driven overseas development project” model. By going beyond a construction-only approach, the project encompasses development, equity investment, and operation, thereby realizing a comprehensive K-content-based project structure.

President Bokhwan Kim of KIND stated, “This Australian BESS project is not only KIND’s first project in Australia, but also a model case of collaboration between a Korean public institution and private companies in the energy storage sector.” He added, “KIND will continue to proactively expand its presence in renewable and low-carbon infrastructure sectors in line with global energy transition trends, while further promoting the K-content model that integrates Korean technological and financial capabilities.”

Building on this project, KIND plans to strengthen its project pipeline in the Oceania region, including Australia, and actively promote public-private joint investment development projects, thereby contributing to the enhancement of Korean companies’ competitiveness in overseas market entry and construction orders.