Captona, UBS Asset Administration Collectively Spend money on BESS Portfolio

Captona and UBS Asset Administration’s Actual Property & Personal Markets enterprise have closed on a portfolio funding of 4 utility-scale BESS tasks in Texas. 

Beforehand acquired by UBS Asset Administration, the tasks complete 728 MW. Starting from 100 MW to 300 MW in nameplate capability apiece, they’re slated to return on-line this yr. 

“Captona is proud to finish this transaction and develop our power transition enterprise,” says Izzet Bensusan, CEO and founding father of Captona.

“This portfolio of BESS tasks is essential to maximizing the potential of renewable power tasks whereas additionally making certain grid reliability as power demand grows. We’re excited to proceed investing and originating alternatives in clear power tasks and add to our rising portfolio of photo voltaic, BESS, gas cell and clear fuels tasks.”

Kirkland & Ellis served as counsel for Captona and its fairness companion. Troutman Pepper served as counsel for UBS Asset Administration.