SUSI Partners, through the SUSI Energy Transition Fund, is to develop two large-scale, hybrid solar PV and battery storage projects with a combined generation capacity of 232MWp and battery storage capacity of up to 900MWh.
Working with Chilean clean energy developer BIWO Renovables, the two designated projects are located in the Santiago metropolitan area and expected to start construction in 2025.
The transaction expands on an existing framework agreement between SUSI and BIWO for the development, construction, and operation of distributed solar PV and wind assets.
BIWO will manage the development, construction, and operation of projects and SUSI has developed the battery storage business case and will oversee financial structuring.
The expansion builds on a recent partnership achievement, which saw SUSI and BIWO securing project debt financing for a 107MW distributed solar PV portfolio.