SUSI Partners, through the SUSI Energy Transition Fund, is to expand its partnership with Chilean clean energy developer BIWO Renovables to develop two large-scale, hybrid solar PV and battery storage projects with a combined generation capacity of 232 MWp and battery storage capacity of up to 900 MWh.
The two designated projects are located in the Santiago metropolitan area and are 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 development, construction, and operation of projects, while SUSI developing the battery storage business cas and overseeing financial structuring.
The new agreement with BIWO follows SUSI announcing the expansion of its Italian solar PV platform, ReFeel New Energy, to develop utility-scale battery energy storage systems.