SUSI Partners, BIWO Renovables team up for solar PV and battery storage projects in Chile

SUSI Partners, a leading investor in the sustainable energy sector, has announced an expansion of its partnership with Chilean clean energy developer BIWO Renovables. The collaboration, executed through SUSI’s flagship Energy Transition Fund (SETF), involves developing two large-scale, hybrid solar PV and battery storage projects in Chile‘s Santiago metropolitan area, with a combined capacity of 232 MWp and battery storage capacity of up to 900 MWh.

SUSI and BIWO: Powering Up Chile’s Clean Energy Future

The announcement, made from Zug/Zurich on November 15, 2023, marks a significant escalation in the partnership between SUSI and BIWO. These projects, slated to commence construction in 2025, aim to harness Chile’s abundant solar resources, reflecting the country’s commitment to clean energy transformation.

SUSI Partners Expands Energy Transition Footprint with Large-Scale Solar and Storage Projects in Chile

Strengthening the Existing Partnership Framework

Building on an existing framework agreement, this collaboration leverages the strengths of both SUSI and BIWO. BIWO will manage the development, construction, and operation of the projects, while SUSI is responsible for developing the battery storage business case and overseeing the financial structuring. This proven partnership model has already yielded success with the financing of a 107 MW distributed solar PV portfolio.

Location and Strategic Advantages

Located in the heart of the Santiago metropolitan area, these projects are strategically positioned close to major consumption centers. This proximity not only offers improved offtake conditions but also reduces the risk of energy curtailment, maximizing the efficiency and impact of these renewable energy assets.

Recent Achievements and Long-Term Vision

The partnership aligns with SUSI’s broader strategy of investing in clean energy and contributing expertise as a financial partner in the energy transition sector. The expansion in Chile follows SUSI’s recent extension of its Italian solar PV platform, ReFeel New Energy, to develop utility-scale battery energy storage systems. These initiatives underscore SUSI’s commitment to forming long-lasting relationships with clean energy companies.

The Diverse Portfolio of SETF

SETF, SUSI’s flagship evergreen energy transition infrastructure fund, boasts a diversified portfolio encompassing clean energy generation, energy efficiency, battery energy storage, customer energy solutions, and electric vehicle charging. This variety of investments showcases SUSI’s holistic approach to fostering sustainable energy infrastructure.