SUSI Partners, through its Energy Transition Fund (SETF), has launched a renewables platform in Poland together with Polish energy-as-a-service company Luneos.
LGE, which was set up in late 2021, aims to build a sizeable, diversified portfolio of onshore wind and solar PV assets to support the transition of the Polish power market away from its heavy reliance on coal-based generation, benefitting from comparatively low costs of renewables in times of rising carbon prices.
Leveraging on a pre-existing long-term partnership, SUSI will work closely with Luneos’ management team in leading the execution of LGE’s business plan and its day-to-day operations, ensuring that LGE can draw on intricate knowledge of the Polish energy market and renewables dynamics.
SETF was launched in 2020 as SUSI’s flagship equity fund. The fund has an evergreen structure and invests in sustainable energy infrastructure with a focus on OECD countries, covering the wide spectrum of investment opportunities arising from the energy transition.