SUSI Partners, on behalf of its Energy Transition Fund (SETF), is acquiring a portfolio of wind and solar assets in Chile in excess of 200MW
SUSI signed an agreement with developer BIWO Renovables and its commercial partner Latsolar Energy Investments to acquire the portfolio of distributed renewable energy assets.
The portfolio comprises both solar and wind assets, with projects in late development stage and expected to start construction in early 2022.
Under the agreement, SUSI and BIWO-LatSolar will commit to a long-term partnership for the development of renewables projects, with BIWO continuing to provide asset management services during construction and operation of the assets.
BIWO is a Chilean developer with more than 10 years of experience in delivering small-scale distributed renewable energy projects to the rapidly growing Chilean clean power market.
LatSolar invests in, develops and manages utility-scale renewables development projects in Latin America.
The projects in the portfolio qualify for Chile’s PMGD price stabilisation regime for distributed resources.
For SUSI Partners, the transaction marks the first investment in a Latin American market, and was executed on behalf of SETF, SUSI’s flagship evergreen equity fund launched in 2020.
The fund invests in sustainable energy infrastructure in OECD countries.