SUSI Partners, through its SUSI Energy Transition Fund (SETF), has agreed to fund the development of a battery energy storage portfolio in the central-southern area of Chile.
The deal expands the partnership with local developer BIWO Renovables by adding a further vector in battery energy storage to the continuing buildout of distributed and utility-scale renewable-energy projects in the country.
The transaction sees SETF investing in a portfolio of 22 battery energy storage projects with a targeted total capacity of 860 megawatts and up to 3.5 gigawatt-hours. The majority of these projects are at advanced stages of development, and the first are expected to be ready to build during the first half of 2025.
All projects are being developed by existing partner BIWO, which has managed to secure scarce interconnection capacity in strategically valuable locations. As intermittent renewable energy continues to increase its share on the Chilean power grid, standalone b