SUSI Partners invests in battery storage portfolio in central-southern Chile

SUSI Partners announced that via its SUSI Energy Transition Fund (SETF), it has committed to financing the development of a battery energy storage portfolio in central-southern Chile.  

This investment extends the collaboration with local developer BIWO Renovables (BIWO) by introducing a new focus on battery storage, complementing the ongoing expansion of distributed and utility-scale renewable energy projects in the region. 

Under this transaction, SETF will invest in a portfolio comprising 22 battery energy storage projects, aiming for a combined capacity of 860 MW and up to 3.5 GWh.  

Most of these projects are in advanced development stages, with the initial ones anticipated to be ready for construction in the first half of 2025. 

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The current partner, BIWO, is developing all projects. It has successfully obtained limited interconnection capacity in key strategic areas.  

With intermittent renewable energy's growing share of the Chilean power grid, standalone battery energy storage systems have become the most cost-effective and rapidly deployable solution to ease the burden on transmission networks. 

This need for energy storage solutions is also highlighted in the latest updates to Chilean capacity market regulations. 

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SETF, the firm's evergreen infrastructure equity fund, boasts a diverse portfolio spanning various energy transition themes.  

These include clean energy generation, energy efficiency, battery energy storage, customer energy solutions, and electric vehicle charging.