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Susi Partners to Acquire Renewable Energy Assets in Chile

26 October 2021

Susi Partners signed an agreement with BIWO Renovables and Latsolar Energy Investments to acquire a portfolio of distributed renewable energy assets in Chile for an undisclosed amount.

(Private Equity Wire) SUSI Partners, on behalf of its Energy Transition Fund (SETF), has signed an agreement with developer BIWO Renovables and their commercial partner Latsolar Energy Investments to acquire a portfolio of distributed renewable energy assets in Chile.

The portfolio comprises both solar and wind assets for a total capacity of 200+MW with projects currently 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 ten 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. Over the last decade, Chile has successfully implemented policies to support the transition towards a clean energy system and, as a result, has become one of the largest clean energy markets in Latin America with new capacity additions today being almost exclusively covered by renewable energy assets.

For SUSI Partners, the transaction marks the first investment in a Latin American market, further expanding the firm’s increasingly global investment footprint. It 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, covering the wide spectrum of investment opportunities arising from the energy transition, including clean energy generation, energy efficiency measures, and energy storage and integrated customer solutions.