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Swiss investor banks on storage for California

Tue, 04/02/2019 - 14:39 -- Hugh Finzel
SUSI Partners logo

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.”

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