SUSI Partners enters Latin America with 200MW renewables procurement in Chile

• Swiss fund manager SUSI Partners is obtaining a portfolio of greater than 200MW of distributed solar PV and wind possessions in Chile, marking its first investment in Latin America.

Presently in late advancement stage as well as anticipated to begin building and construction very early next year, the projects are being acquired from Chilean programmer BIWO Renovables and also Latin America-focused renewables financier LatSolar.

The 3 business have committed to a long-lasting collaboration for the growth of the projects, with BIWO to give asset administration solutions throughout the construction as well as operation of the possessions.

The plants in the portfolio take advantage of offtake price stability under Chile's PMGD routine for dispersed energy plants with abilities between 500kW and also 9MW.

Going for 60% tidy energy by 2035, Chile was the highest-scoring market in BloombergNEF's newest Climatescope record, an annual survey of the energy shift in establishing nations, many thanks partly to its renewables plans and also commitment to phase out coal.

Chile executed a public auction last month that will certainly sustain 2GW of renewables and also storage space installments, while a subsidiary of French energy Engie was lately granted legal rights to develop 1.5 GW of solar-wind-energy storage hybrid projects in the nation.

Along with its access into Latin America, SUSI Partners has this year developed a UK-focused power storage space joint endeavor and also elevated US$ 81 million in May to purchase renewables in Southeast Asia.