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SUSI Partners has signed an agreement to sell its 89 MW Danish onshore wind portfolio to local utility NRGi Renewables, marking the final exit of the SUSI Renewable Energy Fund II (SREF II). Launched in 2014, SREF II becomes SUSI’s second European renewable energy fund to successfully complete its full lifecycle.
The portfolio comprises 25 wind turbines across four locations in Denmark, with a combined average annual power generation of 275 GWh, sufficient to meet the electricity needs of around 60,000 Danish households. SUSI acquired the assets through four separate transactions between December 2018 and June 2019 and has managed the portfolio for the past seven years.
Following a period of active asset management, the wind farms will now be transferred to NRGi Renewables, one of Denmark’s largest renewable energy producers. SUSI said the transaction reflects the maturity and strong operational performance of the assets.
SUSI launched SREF II in 2014 and developed a diversified portfolio of renewable energy assets with a total installed capacity of 662 MW and annual electricity production of approximately 2 TWh, enough to supply around 500,000 European households. The fund’s investments spanned 11 countries, primarily in onshore wind and solar, enabling stable output and consistent revenues despite the variable nature of renewable generation.
Assets were typically acquired at the ready-to-build stage and developed into operating projects with established performance records under SUSI’s active oversight. The portfolio also benefited from value-enhancing initiatives, including asset life extensions and hybridisation efforts, contributing to the creation of a high-quality European renewable energy portfolio.
The sale to NRGi Renewables concludes SREF II’s investment cycle and underscores SUSI Partners’ track record in developing, managing, and successfully exiting large-scale renewable energy assets across Europe.
