BayWa r.e. And Swiss-based infrastructure investment manager SUSI Partners have inked a framework agreement, directing capital from SUSI Partner’s “Asia Energy Transition Fund” towards substantial rooftop PV projects in key markets: Thailand, Malaysia, Vietnam, the Philippines, and Indonesia.
This collaboration focuses on developing, building, and operating PV projects, up to 20 MWp, through PPAs with established corporations. BayWa r.e. will manage the project development, execution, client relations, and asset management, while SUSI Partners, via the Asia Energy Transition Fund, will provide necessary investment and assume project ownership after PPA finalization.
A recent BayWa r.e. study on Asia Pacific’s energy outlook reveals that nearly half of corporate leaders prioritize affordable and clean energy, with a similar percentage aiming to increase renewable energy usage by over 40%. The investment infusion will drive sustainability, granting companies access to reliable renewable options, aligning with BayWa r.e. and SUSI Partners’ goal of fostering a 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, added, “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.”
