- SUSI Partners will fund the development of 22 battery energy storage projects in central-southern Chile, with a total capacity of 860 MW and up to 3.5 GWh, through its SUSI Energy Transition Fund (SETF).
- Collaboration with BIWO Renovables deepens, focusing on enhancing Chile’s energy infrastructure by integrating large-scale battery storage, crucial for stabilising the grid amidst growing reliance on renewable sources.
- Construction is set to begin on the first project in the first half of 2025, aligning with Chile’s ambitious renewable energy goals of achieving 70% renewable electricity by 2030 and carbon neutrality by 2050.
Swiss-based investment firm SUSI Partners has committed to significantly impacting Chile’s renewable energy landscape by funding the development of a substantial battery energy storage portfolio. The SUSI Energy Transition Fund (SETF) will spearhead this initiative, accelerating Chile’s shift towards clean energy while bolstering the reliability of its power grid.
SUSI Energy Transition Fund, recognised for its diversified investments across energy transition themes, will allocate resources to develop 22 battery energy storage projects in central-southern Chile. These projects aim to deliver a combined capacity of 860 megawatts (MW) and up to 3.5 gigawatt-hours (GWh) of energy storage. This investment marks a strategic move for SUSI Partners as it strengthens its presence in the global energy transition sector.
Through this venture, SUSI Partners has deepened its ongoing collaboration with local developer BIWO Renovables. Together, they have partnered on various renewable energy projects in Chile, with this latest initiative adding a significant new dimension to their work. By focusing on battery energy storage, they aim to enhance the stability and efficiency of Chile’s energy infrastructure, which increasingly relies on intermittent renewable sources like solar and wind power.
With most of these battery storage projects already in advanced stages of development, the initiative remains well on track. SUSI Partners plans to commence construction on the first project in the first half of 2025. Once operational, these storage systems will play a crucial role in balancing supply and demand within the grid, ensuring a steady flow of electricity even when renewable energy generation varies.
SUSI Partners’ decision to invest in Chile aligns with the country’s ambitious renewable energy targets. Chile has aggressively pursued a transition to clean energy, aiming to reach 70% renewable electricity by 2030 and carbon neutrality by 2050. Large-scale battery storage provides the necessary infrastructure to store excess power generated during periods of high renewable output and release it when demand spikes.
SUSI Partners, through SETF, emphasises the growing importance of energy storage in the global energy transition. By committing to these projects in Chile, the firm supports the country’s clean energy goals and positions itself as a leader in the energy transition sector.
As the world shifts away from fossil fuels, investments like these play a critical role in ensuring that renewable energy can meet the growing demands of modern economies. SUSI Partners’ latest move underscores its commitment to driving sustainable energy solutions and its confidence in Chile’s renewable energy potential.