SUSI Partners, a Swiss fund manager, has launched a solar photovoltaic (PV) development platform in Italy through its Energy Transition Fund (SETF). The platform aims to deploy 500 MW of utility-scale solar PV after selecting the country. It is being developed in collaboration with a senior management team from a seasoned sustainable energy developer, with intentions to develop, build, and operate PV projects.
SUSI’s flagship equity fund, SETF, was established in 2020. The fund’s structure is evergreen, and it invests in sustainable energy infrastructure with a concentration on OECD nations, encompassing a broad range of investment possibilities stemming from the energy transition.
Earlier this month, Lightsource BP signed an agreement to develop 400 MWp of PV projects in Italy with two Italian firms. The company seeks new opportunities in the central and northern Italian areas to diversify its portfolio geographically. In Veneto, Piedmont, Emilia-Romagna, Friuli Venezia Giulia, and Lombardy, the company signed the first agreement with Solar IT to develop 200 MWp of PV capacity. The second deal is for the joint development of a 200 MW PV project pipeline in north-central Italy and on the country’s two major islands, Sicily and Sardinia, with TEP Renewables’ Italian arm. Of the pipeline’s total capacity, 163 MW has already been identified, with entry into operation expected in 2023 and 2024.