Swiss Life Asset Managers has acquired a large-scale electrical battery platform in Germany via a 50 percent interest in BCP Battery Holding.
Through the transaction, Swiss Life Asset Managers, on behalf of two infrastructure funds, has become an investor in a 68-megawatt-hour electrical battery project currently under construction. Once completed, it will be the largest industrial battery in the German battery storage market. BCP Battery Holding has exclusivity rights to further build up the portfolio to 420 megawatt-hours of capacity, either through acquisitions or construction in the near future.
The project is part of a larger pipeline from Smart Power that will be implemented over the course of the next 12 months.
“Demand for storage will increase to balance the higher proportion of variable, renewable generation in the electricity system,” said Marc Schürch, head renewable energy at Swiss Life. “Batteries will increasingly be chosen to manage this d
