JLL’s US Energy and Infrastructure Advisory team announced today that it has arranged the sale of a two-project 1.8 GWh battery energy storage portfolio in Utah. JLL acted as the exclusive sell-side advisor for Accelergen Energy in the sale of 100% of the equity interests to DESRI.
The portfolio consists of two development-stage energy storage projects that will add to DESRI’s 12+ GW existing portfolio of solar, wind and battery energy storage projects across the U.S. These projects are strategically sited and developed within the Salt Lake City load pocket to support grid reliability and help meet increasing capacity needs from substantial load growth and forecasted generation retirements in the region.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
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