SUSI Partners, a leading investment firm, has recently concluded the final closing of the SUSI Asia Energy Transition Fund (SAETF). The fund, with a total commitment of USD 120 million, focuses on investing in energy transition infrastructure throughout Southeast Asia. Notably, the fund has already made significant investments in utility-scale renewable energy generation, energy efficiency projects, and distributed solar PV solutions catering to commercial and industrial clients.
The investor base of SAETF comprises seven development finance institutions and a group of private investors. The initial close of the fund secured commitments from prominent institutions such as the Asian Infrastructure Investment Bank (AIIB), Dutch FMO, and Nordic DFIs Norfund and Swedfund. Subsequently, the fund attracted additional commitments from Austrian OeEB, British International Investment (BII), and BIO, the Belgian Investment Company for Developing Countries.
Over the past two decades, Southeast Asia has consistently demonstrated strong economic growth, positioning it as one of the fastest-growing regions globally. Consequently, the region has experienced a surge in energy demand. However, the development of sustainable energy infrastructure, essential for ensuring widespread access to clean and affordable energy, remains significantly underfunded by international capital markets. The noteworthy presence of development finance institutions in SAETF highlights the fund’s pioneering role in channeling international capital towards the pressing need for clean energy transitions in Southeast Asia. This underscores the attractive market opportunity for both public and private investors seeking impactful investments with tangible outcomes.
SAETF’s current portfolio consists of four investments that span various sectors. One notable investment is a joint venture with InvestEnergy, a Malaysian company, with a specific focus on energy efficiency. Additionally, SAETF has a development platform in collaboration with Pacific Impact Development, based in Singapore, targeting utility-scale renewable energy assets. The portfolio also includes two investments dedicated to distributed solar PV solutions for commercial and industrial clients, in partnership with Entoria Energy and Asia Clean Capital Vietnam, both Singapore-based companies.
SUSI Partners’ dedicated regional team is actively working on deploying SAETF’s capital through these existing platforms. They are also committed to expanding the portfolio by identifying further investment opportunities that align with the Fund’s comprehensive energy transition mandate.