SUSI Partners, representing the SUSI Energy Transition Fund (SETF), has achieved a noteworthy milestone by securing a Euro-denominated senior debt package for a fully merchant 167 MW renewable energy portfolio in Poland. This financing comes from Swedish P Capital Partners (PCP). The majority of the projects are slated to commence construction in early 2024, with the entire portfolio, comprising solar PV and onshore wind projects, anticipated to be fully operational by early 2025.
All projects within this portfolio have advanced to the ready-to-build stage under the stewardship of LGE, a SETF portfolio company. LGE, a joint venture between SUSI and the prominent Polish energy-as-a-service firm Luneos, was established in late 2021. Since its inception, LGE has developed a pipeline exceeding 1 GW for solar PV and onshore wind projects and has successfully secured debt financing for the initial tranche. LGE is actively exploring diverse route-to-market options for the remaining projects.