Deutsche Bank has committed USD 59.87 million as an Original Lender in the financing of Quinbrook's Supernode Stage 3 Battery Energy Storage System in Queensland, Australia, contributing to what is shaping up as one of the country's largest battery storage precincts.

A Major Financing Package for Queensland's Grid

Deutsche Bank's commitment forms part of a broader USD 330.34 million senior secured, non-recourse financing package supporting the construction and operation of the Supernode Stage 3 asset.

The financing is structured to underwrite both the build-out and ongoing operation of the battery energy storage system, which is intended to play a central role in strengthening grid stability across Queensland.

The project is part of Quinbrook's flagship Supernode battery storage precinct. Upon completion of the first three stages of the precinct, the combined nameplate capacity will reach 780 megawatts and 3,074 megawatt-hours of stored energy, enough to meet the needs of approximately 188,000 typical Queensland households.

Deutsche Bank's Second Transaction with Quinbrook

The Supernode Stage 3 financing marks Deutsche Bank's second transaction with Quinbrook across the Supernode platform. Rachel Chia, Head of Project Finance for Asia-Pacific at Deutsche Bank, described the deal as a continuation of an existing partnership.

"We are delighted to continue our partnership with Quinbrook through the financing of Supernode 3, marking our second transaction together and further strengthening our collaboration across the Supernode platform," Chia said.

"We are proud to be a key financing partner to Quinbrook as it delivers transformative energy infrastructure that supports Queensland's energy transition and long-term economic growth."

Deutsche Bank said the project supports its broader strategy of backing initiatives that enhance energy security, strengthen network reliability and contribute to Australia's energy transition away from emissions-intensive power sources.

About Quinbrook and Its Energy Transition Focus

Quinbrook was established in 2015 as a specialist investment manager focused on the development, financing, construction and operation of infrastructure assets that support the global energy transition.

The firm has built or acquired more than 40 gigawatts of capacity across a portfolio that spans renewable energy generation, battery storage, and flexible power infrastructure assets.

The Supernode precinct represents one of Quinbrook's flagship projects in Australia, with the first three stages collectively delivering a substantial addition to Queensland's battery storage infrastructure. The project is being developed against the backdrop of Queensland's ongoing transition away from emissions-intensive sources of power generation.

Deutsche Bank's Expanding Australian and APAC Infrastructure Portfolio

The Supernode Stage 3 commitment is the latest in a series of infrastructure and energy transactions Deutsche Bank has undertaken in Australia and across the Asia-Pacific region in 2026. Earlier in July 2026, the bank announced support for European Energy's Mokoan Hybrid Solar Farm and Battery Project in Australia. In June 2026, Deutsche Bank supported North Queensland Airports with a refinancing package.

The bank has described its approach in the region as focused on projects that advance energy security and network reliability, alongside Australia's broader decarbonisation objectives. Deutsche Bank said it has broad experience supporting energy, infrastructure, and renewable energy clients across Australia and the Asia-Pacific region.

Non-Recourse Structure Reflects Project Finance Standards

The financing for Supernode Stage 3 has been structured as senior secured and non-recourse, a common arrangement in large-scale infrastructure and energy project finance transactions.

Under such structures, lenders' recourse in the event of default is limited to the assets and cash flows of the project itself, rather than extending to the broader balance sheet of the project sponsor.

Deutsche Bank's USD 59.87 million commitment represents a significant share of the overall USD 330.34 million package, which draws in multiple lenders to fund the construction and operation of the storage asset.

Battery Storage's Role in Queensland's Energy Future

Battery energy storage systems have become an increasingly critical component of Australia's electricity grid as the country moves to integrate higher volumes of renewable energy.

Large-scale storage projects such as the Supernode precinct are designed to absorb excess generation during periods of high output and discharge stored energy during periods of peak demand or low renewable supply, thereby supporting grid stability.

The Supernode precinct's combined capacity of 780 megawatts and 3,074 megawatt-hours across its first three stages positions it among the most significant battery storage developments in Queensland.

The project's scale reflects growing investment appetite for grid-scale storage infrastructure as Australia accelerates its transition away from coal and gas-fired generation.

Deutsche Bank's involvement was announced on August 6, 2026, with the bank identifying the transaction as consistent with its strategy of supporting the development of clean energy and infrastructure assets across the Asia-Pacific region.

Powering Your Pipeline: Stay Ahead of Australia's Energy Project Boom

Across Australia, the power sector is expanding at a pace that leaves little room for missed opportunities; new generation capacity, grid modernization programs, and renewable energy mandates are reshaping the competitive landscape faster than ever before.

Staying informed means more than scanning headlines. It means having structured, reliable intelligence on every stage of a project's lifecycle, from early planning through to completion, so your business development teams can act with confidence and precision.

The Global Project Tracking (GPT) platform by Blackridge Research is purpose-built to give power sector professionals exactly that: a comprehensive, continuously updated view of the projects that matter most to your growth strategy across Australia.

• Upcoming Projects

• Tender Notices

• Contract Awards

• Projects Under Construction

• Completed Projects

See how the Global Project Tracking (GPT) platform by Blackridge Research can sharpen your market intelligence and connect you to the right opportunities at the right time. Book a Free Demo today.