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Independent global private asset management Capital Dynamics and S&B USA Energy are to acquire the operational 100MW Saticoy energy storage project in the US state of California for an undisclosed price. Capital Dynamics is acquiring 51% and S&B USA Energy 49% of the facility in Ventura County, which was initially developed by Strata Clean Energy. S&B Energy chief executive Allon Raveh said: “Energy storage will play a major role in the penetration of renewable energy generation, therefore this project is much more than an attractive investment opportunity for us. “With this project and our Beacon 2 and 5 solar assets, we are pleased to be at the forefront of California’s efforts to decarbonise.”

United statesVentura countyKevin yaichJohn breckenridgeShikun binuiNorton rose fulbrightAllon ravehSb united states energySaticoy energy storageStrata clean energySb energyCapital dynamicsStrata cleanNorth americanReznick capitalஒன்றுபட்டது மாநிலங்களில்