Swiss investment manager Susi Partners has acquired a 50% share of Macquaries Green Investment Group’s portfolio of behind-the-meter lithium-ion battery storage projects in California.
The more than 90 individual battery storage facilities in the western Los Angeles basin have a combined capacity of 63MW/340MWh.
“This is Susi’s first investment in the US,” said chief information officer Marco van Daele. “The state of California is pursuing the explicit goal of completely CO2-free power generation by 2045.”
“Most of the systems are contracted for 10 years and spread over several commercial and industrial high-load locations.”
The storage portfolio was developed by California’s AMS, which will retain responsibility for the management of the facilities.
Susi investment director Gustavo Coito said: “The contracted portfolio of considerable size reflects Susi’s core mission, financing the energy transition, and is a perfect example of the infrastructure investment opportunities that exist in this growth market.”
Susi is a Swiss investment firm that specialises in infrastructure projects to support the energy transition.