Captona Partners with UBS in Texas BESS Portfolio
- Captona and UBS Asset Management team up for a groundbreaking 728-MW Texas battery energy storage system portfolio, revolutionizing the energy industry with innovative investment strategies.
Captona has partnered with UBS Asset Management in a 728-MW Texas battery energy storage system (BESS) portfolio. The portfolio consists of four utility-scale BESS projects with a combined capacity of 728 MW/1.06 GWh. Captona has closed a preferred equity investment in the portfolio, which was previously acquired by UBS Asset Management. The Citadel BESS project, one of the projects in the portfolio, is nearing completion and is expected to be operational later this year.
The partnership with Captona allows UBS Asset Management to optimize the value of their tax credits without the need for a traditional tax equity partnership. This investment is part of Captona's innovative approach to maximizing value throughout the lifecycle of their projects. The projects in the portfolio range from 100 MW to 300 MW in nameplate capacity, contributing to the ongoing energy transition in the US.
How is Captona partnering with UBS Asset Management in Texas battery energy storage?
- Captona has partnered with UBS Asset Management in a 728-MW Texas battery energy storage system (BESS) portfolio.
- The portfolio consists of four utility-scale BESS projects with a combined capacity of 728 MW/1.06 GWh.
- Captona has closed a preferred equity investment in the portfolio, which was previously acquired by UBS Asset Management.
- The Citadel BESS project, one of the projects in the portfolio, is nearing completion and is expected to be operational later this year.
- The partnership with Captona allows UBS Asset Management to optimize the value of their tax credits without the need for a traditional tax equity partnership.
- This investment is part of Captona's innovative approach to maximizing value throughout the lifecycle of their projects.
- The projects in the portfolio range from 100 MW to 300 MW in nameplate capacity, contributing to the ongoing energy transition in the US.
