SUSI Partners, through its Energy Transition Fund, has set up a renewable energy platform in Poland with local partner Luneos.
The platform, Luneos Green Energy (LGE), is targeting the buildout of a diversified portfolio of wind and solar PV projects, including potential in-house developments.
LGE’s aim to build a sizeable, diversified portfolio of onshore wind and solar PV assets will support the transition of the Polish power market away from its heavy reliance on coal-based generation, benefitting from comparatively low costs of renewables in times of rising carbon prices, SUSI stated.
Leveraging on a pre-existing long-term partnership, SUSI will work closely with Luneos’ management team in leading the execution of LGE’s business plan and its day-to-day operations.
The two parties have been working together since 2018, with SUSI’s credit platform financing various energy efficiency measures and other clean energy solutions implemented by Luneos.
LGE expands that collaboration into the Polish renewables market.
Luneos’ management, having previously led Poland’s largest private energy group Polenergia.