Swiss fund manager SUSI Partners, through its Energy Transition Fund (SETF), has invested and acquired a controlling stake in solar PV and storage developer Encore Renewable Energy in the US.
The Swiss fund committed an undisclosed capital investment to support the Vermont-based company’s transformation towards being an independent power producer (IPP).
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
With an active presence mainly in the northeastern US, Encore has built an expertise in the redevelopment of brownfield sites. It also specialises in community solar projects.
Moreover, the investment solidifies SUSI’s footprint in the US with previous investments in battery storage – by acquiring a 100MW Texas battery energy storage system development portfolio, as covered by our sister-site Energy-storage.news – and electric vehicles.
Through its fund, the company has made several investments and acquisitions across the globe in the past years such as in Italy, Poland and Australia.