SANTIAGO, CHILE – September 28, 2023 - Rubicon Capital Advisors (“Rubicon”) is pleased to announce that its client, Swiss asset manager SUSI Partners (“SUSI”) has reached financial close on the financing of a portfolio of 107 MWp greenfield distributed generation (“PMGD”) solar PV projects across Chile. Rubicon acted as exclusive financial advisor on this debt raise, which included a senior debt facility, a VAT facility, and a Letter of Credit facility to be used for the construction of the portfolio which is expected to reach Commercial Operations Date (“COD”) during Q4 2024. These projects are part of the late-development-stage renewable portfolio acquired over the last 2 years by Swiss asset manager SUSI Partners (“SUSI”) as their first Latam investment.
The projects qualify for Chile’s PMGD price stabilisation regime and it is expected the portfolio will play an important role in contributing towards Chile’s aggressive decarbonisation strategy, not only generating low carbon electricity but also creating significant regional economic development and supplying zero-carbon electricity to homes across Chile.
“We are pleased to have delivered highly competitive financing terms for this PMGD portfolio particularly in the context of the current volatility in the global credit markets. We are also thrilled by the positive impact these projects will have on the Chilean grid and its ambitious decarbonisation plan. The closing of this transaction continues Rubicon’s market leadership within the global infrastructure and energy investment banking sector. We thank SUSI for trusting in our capabilities. We aim to continue developing new transactions with them in the future”, commented Andres Onetto, Managing Director at Rubicon.
About Rubicon Infrastructure Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy transition, digital & utilities sectors. With offices across Europe, the Americas and Asia, the firm has a truly global reach. Since its inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of over 150 essential infrastructure, energy transition, digital & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value of more than US$85 billion. The firm is regulated by the Central Bank of Ireland and its U.S. affiliate is a member of FINRA and SIPC and registered as a broker-dealer with the SEC.