SUSI Partners, operating through the SUSI Asia Energy Transition Fund (SAETF), has inked an investment deal with Southeast Asian developer Alba Renewables. The agreement aims to bolster the development, construction, and operation of utility-scale solar photovoltaic (PV) and onshore wind projects in the Philippines.
Under the terms of the agreement, SUSI will play a pivotal role in advancing a regional platform for utility-scale renewables, with a primary focus on the Philippines. This partnership will also support Alba’s broader expansion plans across Southeast Asia. SUSI’s investment will primarily fund the construction of designated projects over the next 24 months, facilitating Alba’s efforts to enhance its development activities and operational capacity.
Drawing upon Alba’s extensive experience in renewable energy development and SUSI’s investment prowess, the partnership is poised to rapidly scale up operations—a crucial element in advancing the energy transition in Asia. Both parties are well-positioned to leverage their strong regional networks and expertise to achieve significant scale in a timely manner.
The investment with Alba marks a significant milestone in SAETF’s capital deployment efforts. The Fund’s robust project pipeline, combined with this strategic investment, has led to the re-opening of the Fund until September 2024. SAETF’s current portfolio comprises six investments strategically diversified across various themes central to the energy transition in Asia, including utility-scale renewable energy, rooftop solar PV for commercial and industrial clients, and energy efficiency initiatives.
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