SUSI Partners is investing in solar and onshore wind projects in the Philippines through a partnership with Southeast Asian developer Alba Renewables.
The Swiss-based investment manager, investing on behalf of its Asia energy transition fund, has agreed to support the development, construction, and operation of utility-scale, ground-mounted solar photovoltaic (PV) and onshore wind projects in the country.
SUSI Asia Energy Transition Fund’s (SAETF) investment will “focus on funding the construction of designated projects over the next 24 months and enables Alba to upscale their development activities and operational capacity”.
SUSI said the investment with Alba further “accelerates SAETF’s capital deployment, which, in combination with the strong project pipeline, has prompted a re-opening of the fund until September 2024”.
SAETF’s current portfolio consists of six investments with exposures well diversified across themes that are central to the energy transition in Asia, including utility-scale renewable energy, rooftop solar PV for commercial and industrial clients, and energy efficiency.
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