EIF Commits €25 Million to SUSI Energy Efficiency & Transition Credit Fund

The European Investment Fund (EIF) has announced a significant commitment of €25 million to the SUSI Energy Efficiency & Transition Credit Fund (SEETCF). This investment is part of the EIF’s strategy to leverage SUSI Partners’ extensive experience in financing energy efficiency and energy transition initiatives across Europe.

Since its inception in 2014, SUSI has been at the forefront of providing tailored credit financing solutions to energy service companies and technology providers within the energy transition sector. To date, the firm has invested approximately €700 million in “as-a-service” energy transition propositions through senior-secured, asset-backed financing solutions. The focus areas include industrial decarbonisation, deep building retrofits, LED streetlighting, smart meters, and solar PV self-consumption.

The EIF, as a key implementation partner of the InvestEU program, aims to support the growth of small to mid-cap enterprises throughout the European Union while promoting European policy priorities, including decarbonisation. The SEETCF’s strategy aligns with this mandate by financing energy efficiency and transition solutions, often provided by smaller enterprises. With a network of around 60 energy service companies and project originators, SUSI targets projects that demonstrate positive climate impacts, classified under SFDR 9.

EIF Chief Executive Marjut Falkstedt expressed enthusiasm about the partnership, stating, “The EIF, with the backing of the InvestEU programme, is delighted to be able to contribute to SEETCF, which carries out specialist financing to accelerate decarbonisation in all segments of the economy. This is closely aligned to the main priorities of both the EU and the EIB Group – namely, accelerating the energy transition in Europe by attracting more private investment into this field.”

Launched in 2022, SEETCF is the third fund in SUSI’s established credit series, with its investor base consisting of European institutional asset owners, including pension funds, insurance companies, and other private and public investors. The EIF’s commitment highlights SUSI’s specialized expertise and the distinctive features of its credit strategy, which includes rigorous risk underwriting, extensive diversification, and a focus on positive climate impact.