Australian Retirement Trust (ART) and CareSuper are selling Sustainable Energy Infrastructure (SEI), a producer and developer of small-scale solar farms and batteries, according to a source familiar and a teaser seen by Infralogic.

The super funds, which own 50% each of SEI, are selling the whole of the company, according to the teaser.

ICA Partners is managing the sale, code-named Project Macro. The two-stage process is due to start with an indicative bid phase next month, the document adds.

SEI focuses on small, sub-5 MW solar and battery deals – mostly in New South Wales and Victoria.

The company also operates one 25 MW biomass plant at Childers in Queensland and a compressed natural gas facility of undefined size in Brisbane.

All told, SEI owns 95.6 MW of generation and 42.5 MW/101.7 MWh of battery storage, the marketing document says.

The sellers argue that small renewables projects typically don’t attract the same community opposition that some utility-scale projects do. As a result, small-scale projects can be delivered in 12-18 months, according to the teaser.

Projects under 5 MW are exempt from registering as a market participant under the National Electricity Rules, which should result in faster connection times, lower connection costs and reduced curtailment risk.

The portfolio has been entirely equity funded until now; it is largely uncontracted and a new owner could benefit from adding batteries to many of SEI’s solar assets, the teaser says, pointing to additional upside.

CareSuper declined to comment. ART and ICA did not respond to requests for comment.