SUSI Partners has raised debt financing for a 107-megawatt portfolio of solar photovoltaic projects in Chile from the Miami branch of local bank Banco de Crédito e Inversiones (BCI), which is acting as lender and administrative agent, and DNB, Norway’s largest financial services group.
SUSI acquired the portfolio of greenfield distributed generation projects as part of a framework agreement with BIWO Renovables, a Chilean renewables developer. Through this partnership, SUSI is looking to further expand its footprint in the rapidly growing Chilean clean power market in the coming years.
The Chilean portfolio is currently under construction and is expected to be fully operational by the end of 2024. It is held through SETF, SUSI’s flagship evergreen energy transition fund. The vehicle holds a well-diversified portfolio across OECD jurisdictions, covering a wide spectrum of energy transition themes, including clean energy generation, energy efficiency, battery-energy