Smareg 4 project in Eisenach, Germany, one of those launched by Swiss Life’s invested company. Image: Smart Power.
Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.
BCP Battery Holding is a newly-formed platform which, concurrent with Swiss Life’s investment, has acquired a portfolio of 220MW of BESS projects in Germany from developer Smart Power. Zurich-based asset manager B Capital Partners is an investor in both Smart Power and BCP, alongside Swiss Life.
Smart Power will continue to develop those projects, providing a turnkey solution and bringing the units’ energy to market once operational, the company said in a statement.
One of those projects is a 68MWh site in Eisenach, Thuringia, which Swiss Life said will be the largest…