SUSI Partners has made its first investment in Australia and is actively pursuing additional projects in the country the Swiss investment manager said.
The manager’s €252m SUSI Energy Storage Fund (SESF) will invest €30m to buy and finance the construction of a 34MW solar PV plant with storage optionality in Middlemount.
Once completed, the plant is expected to be the largest solar plant in SUSI’s portfolio.
Marco van Daele, the chief investment officer of SUSI Partners, said: “This investment represents an important step in the internationalization of SUSI`s investment remit and the first investment into the Australian market, which we deem highly attractive for clean energy infrastructure investments, despite the recent energy policy uncertainties.”
Matteo Zanni, the vice president at SUSI, said: “This project is a high-quality and strategic investment for SUSI. It positions our funds in a market with large potential to add further decentralized, clean power generation and energy solutions including storage and it represents an important diversification factor for our growing portfolio.”
SUSI, through its SESFfund, is actively pursuing several additional projects under exclusive terms in Australia, the manager said, adding that the fund is in active discussions on a strong pipeline of projects globally.