Zug/Burlington – SUSI Partners has acquired a majority stake in Encore Renewable Energy. The transaction increases SUSI Partners’ already launched activities in the fast-growing North American sustainable energy market.
SUSI Partners has announced the acquisition of a majority stake in Encore Renewable Energy, a U.S. provider of distributed solar photovoltaic and battery storage system design, construction and operation. The Zug-based asset manager said in the media release that the transaction, implemented through the SUSI Energy Transition Fund (SETF), strengthens its presence in the growing U.S. sustainable technology market.
The investment is part of SUSI Partners’ growth strategy already initiated through investments in battery storage and charging infrastructure for electric vehicles in the American market. “This is the second investment in the U.S. for the SETF flagship equity strategy, following the acquisition of a 100 MW portfolio of grid-tied battery storage projects in South Texas in the summer of 2022, which are expected to be completed and fully commissioned in the coming months,” the release states.
Encore, based in Burlington, Vermont, has been a leading provider of high-quality projects in the Northeast for the past decade. The focus is on sustainable growth and environmentally friendly development with the involvement of the population. The company has particular experience in the construction of solar and battery plants on brownfield sites. “This approach often benefits from expedited permitting processes, minimizes environmental impact by sparing green space, and contributes to the economic development of local communities,” according to SUSI Partners. heg