SUSI Partners has teamed up with Pacific Impact Development to develop renewable energy assets in Southeast Asia.
SUSI, investing through the SUSI Asia Energy Transition Fund (SAETF) has launched the platform to develop assets in the Philippines, Vietnam, Indonesia, Cambodia, and other Southeast Asian markets. Pacific Impact will act as the developer and project manager for the platform.
The platform is expected to focus on the greenfield development of solar photovoltaic, wind, and hydro assets with the ability to continue through financing, construction, and operation of the assets, SUSI said.
The joint venture with Pacific Impact marks SAETF’s fourth transaction and its entry into the utility-scale renewables space in the region.
SAETF targets energy transition infrastructure investments across Southeast Asia. The fund held a first close in May 2021, receiving investment from development banks AIIB and FMO, Nordic development finance institutions Norfund and Swedfund, and institutional investors from Germany and Singapore.
Earlier this year, SUSI said the Asia energy transition fund is expected to have a final close before the summer.
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