SUSI Partners to build Polish solar and also wind portfolio through new platform

• Swiss fund supervisor SUSI Partners has established a new renewables platform that will certainly develop a portfolio of solar PV and wind properties in Poland.

Referred To As Luneos Green Energy (LGE) and also created late last year, the platform aims to create a diversified portfolio of clean energy projects to sustain the change of Poland's power market away from its reliance on coal-based generation while benefiting from the fairly affordable of renewables, SUSI stated.

The unit has actually been established in partnership with Luneos, a Polish energy-as-a-service firm that has actually worked with SUSI Partners since 2018, with the fund supervisor's credit rating platform funding various clean energy remedies applied by the Warsaw-based company.

SUSI Partners will work very closely with Luneos' monitoring-- which formerly led Polish renewables designer Polenergia-- in carrying out LGE's company plan as well as its day-to-day procedures.

SUSI stated that while coal-fuelled power generation was accountable for nearly 80% of Poland's overall power generation in 2021, the nation is currently an eye-catching market for investment in renewables as the energy transition advances and also energy demand enhances on the back of economic development.

After adding around 2.5 GW of solar in 2020, Poland deployed 3.2 GW last year, according to current study released by profession organization SolarPower Europe, which stated the nation's micro-generation solar section is complemented by yearly renewables auctions.

One of the most recent auction happened last month and closed with solar prospective buyers securing 870MW of capacity.

SUSI Partners' expansion in Poland follows the firm entering Latin America with the purchase of a 200MW portfolio of dispersed solar PV and also wind properties in Chile as well as its purchase of a 50% risk of Australian domestic solar-storage supplier Starling Energy Group last year.