SUSI Partners, through its Asia Energy Transition Fund (SAETF), has launched a renewable energy platform to develop renewable energy assets in South-East Asia.
The platform will focus on the construction, development and operation of utility-scale solar photovoltaic (PV), wind and hydro assets.
SUSI’s platform will develop the projects in the Philippines, Vietnam, Indonesia, Cambodia and other South-East Asian markets in partnership with regional developer Pacific Impact.
Pacific Impact has established a presence in all these markets and will serve as the developer and project manager for the platform.
The two companies aim to leverage their expertise and knowledge to catalyse international capital, as well as increase the sustainable buildout of renewable energy capacity in the region.
Pacific Impact will offer its experience in renewable energy development, while SUSI will provide its investment knowledge.
Following previous platform investments by SAETF dedicated to energy efficiency measures, microgrids, and commercial and industrial solar projects, the joint venture with Pacific Impact marks SAETF’s fourth transaction and its entry into the utility-scale renewables space in the region, adding to an already well-diversified portfolio.