SUSI to invest in Aussie residential solar-storage project

Solar on the roof. Author: Marufish. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

November 15 (Renewables Now) - Swiss asset manager SUSI Partners AG will invest up to AUD 50 million (USD 33.9m/EUR 30.8m) in a residential solar-plus-battery project being developed by Starling Energy Group in Australia.

Through its SUSI Energy Storage Fund, the Swiss group will support what it says could become Australia’s largest portfolio of its kind. The project will be developed gradually and enable homeowners that enrol in the programme to produce clean electricity to cover up to 90% of their consumption.

The offered residential energy package includes solar photovoltaic (PV) panels with an integrated battery storage component and maintenance and management services.

There is a plan to also unit such residential generators into a virtual power plant (VPP) supporting the local power grid. 

“By combining a community-focused solution with the optionality of a VPP configuration, we place people at the center of the energy transition, while delivering fully contracted returns,” said Matteo Zanni, director at SUSI Partners.

The equity structure of the scheme allows part of the proceeds to go for local communities, SUSI Partners said.

(AUD 1.0 = USD 0.679/EUR 0.616)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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