SUSI Partners Secures Funding for the Expansion of Hybrid Solar PV Projects in Chile

Representational image. Credit: Canva

In a significant move towards advancing clean energy initiatives in Chile, SUSI Partners, operating through the SUSI Energy Transition Fund (SETF), is set to expand its collaboration with Chilean clean energy developer BIWO Renovables. The joint venture aims to develop two large-scale hybrid solar photovoltaic (PV) and battery storage projects, boasting a combined generation capacity of 232 MWp and a battery storage capacity of up to 900 MWh. These designated projects, situated in the Santiago metropolitan area, are anticipated to commence construction in 2025.


This development marks an extension of the existing framework agreement between SUSI and BIWO, which encompasses the development, construction, and operation of distributed solar PV and wind assets. The established partnership model will persist, with BIWO overseeing the development, construction, and operation of the projects, while SUSI focuses on the battery storage business case development and financial structuring.


The expansion follows a recent milestone where SUSI and BIWO successfully secured project debt financing for a 107 MW distributed solar PV portfolio. While the scale of the two new projects is significantly larger, they align with the strategy of developing generation assets in proximity to major consumption centers to optimize offtake conditions and mitigate curtailment risk.

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This latest agreement builds upon SUSI’s commitment to fostering enduring partnerships with clean energy entities, emphasizing its role as a reliable financial partner with extensive expertise in the energy transition sector. The SETF investment strategy focuses on contributing capital and expertise to support long-lasting collaborations. Currently, SETF, SUSI’s flagship evergreen energy transition infrastructure fund, holds a diversified portfolio spanning various energy transition themes, including clean energy generation, energy efficiency, battery energy storage, customer energy solutions, and electric vehicle charging. SUSI’s recent expansion into utility-scale battery energy storage systems with its Italian solar PV platform, ReFeel New Energy, further underscores its dedication to advancing sustainable energy solutions on a global scale.

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