SER Capital Partners Acquires HGP's Texas Battery Storage Projects
October 22, 2020
SER Capital Partners acquired three project companies from Texas-based developer HGP in September 2020 to deploy battery storage projects across Texas. As part of the investment SER entered a strategic equipment arrangement with LG Chem and committed approximately $70 million of equity to support deployment and grid resiliency efforts.
- Buyers
- SER Capital Partners, LLC
- Targets
- Three project companies from HGP
- Sellers
- HGP
- Industry
- Renewable Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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