SUSI Partners invests in U.S. renewable energy market
24 May 2023 10:02
SUSI Partners has announced its acquisition of a controlling stake in Encore Renewable Energy, a U.S. company specializing in the development, construction and operation of distributed solar PV and battery storage assets. In a press release, the Zug-based investment manager explains that this transaction, which has been made through its SUSI Energy Transition Fund (SETF), will expand its footprint in the growing U.S. market for sustainable technologies.
The acquisition forms part of SUSI Partners’ growth strategy, which has already seen it invest in battery storage and electric vehicle charging infrastructure in the U.S. market. According to the press release, “for the firm’s flagship equity strategy SETF, it is the second investment in the U.S. after the acquisition of a 100 MW portfolio of front-of-the-meter battery storage projects in South Texas announced last August, which is well on track to be fully operational before the summer.”
Encore, which is located in Burlington in the U.S. state of Vermont, has been a leading provider of high-quality projects in the north-east of the U.S. for 10 years. It focuses on sustainable growth, environmental compatibility and community engagement, and has particular expertise in developing solar PV and battery storage assets on brownfield sites. SUSI Partners explains that this approach “often benefits from streamlined permitting and zoning, minimizes environmental impacts by protecting open spaces, and revitalizes communities in the process.” ce/heg