BayWa r.e. has announced a strategic partnership with Swiss infrastructure investment manager SUSI Partners to deliver high-quality solar energy solutions across Southeast Asia. Under a framework agreement, SUSI Partners’ “Asia Energy Transition Fund” will allocate capital towards the development of substantial rooftop PV projects in collaboration with major commercial and industrial corporations. The primary target markets for this partnership include Thailand, Malaysia, Vietnam, the Philippines, and Indonesia.
This collaboration focuses on the end-to-end lifecycle of PV projects, with a capacity of up to 20 MWp, initiated through Power Purchase Agreements (PPAs) with established corporate entities. BayWa r.e. will oversee project development, execution, client relationships, and asset management, while SUSI Partners, through their Asia Energy Transition Fund, will provide the necessary investment and assume full project ownership upon finalization of PPAs.
A recent study by BayWa r.e. highlights that nearly half of corporate leaders in the Asia Pacific (APAC) region prioritize affordable and clean energy as a key sustainability objective. Similarly, almost half of APAC companies aim to increase their use of renewable energy by over 40%. This infusion of funds will contribute to scaling and advancing the region’s sustainability efforts, enabling companies to access reliable and top-tier renewable energy options. This aligns with the shared goal of BayWa r.e. and SUSI Partners to promote a more sustainable society.
Niranpal Singh, BayWa r.e. Managing Director, Malaysia, said: “We look forward to expanding our services by being part of the SUSI Asia Energy Transition Fund, which aims to advance the energy transition in Southeast Asia’s emerging markets. We hope that due to this partnership, companies will be able to adopt PPAs and rooftop installations more quickly and efficiently. We’ve already identified an initial portfolio of over 20 MWp, and BayWa r.e. will help with developing, constructing, and operating these top-tier solar energy solutions.”
Wymen Chan, SUSI Partners’ Head Asia, said: “With SAETF, we aim to deliver high climate impact in a fast-growing region with immense economic and climate mitigation potential. On-site solar PV contracted with commercial and industrial offtakers has become a key pillar of Southeast Asia’s decarbonisation efforts and we look forward to enabling that transition together with BayWa r.e. through a shared commitment to best-practice environmental, social and governance (ESG) standards.”
