SUSI Partners is investing up to A$50m in an Australian solar and battery systems project being developed by Starling Energy Group.
The Swiss infrastructure fund manager said its Energy Storage Fund is investing the project which will be deployed gradually, enabling participants from communities across Western Australia to generate and consume their own clean power for up to 90% of their overall needs.
Under the programme, homeowners will be provided with solar panels installed on their rooftop as well as a battery storage unit, together with maintenance and management services.
Matteo Zanni, Director at SUSI Partners, said: “This new investment exemplifies our holistic approach in financing the energy transition.
“By combining a community-focused solution with the optionality of a virtual power plant configuration, we place people at the centre of the energy transition, while
delivering fully contracted returns.”
The investment is SUSI’s second transaction in Australia.