SUSI Partners is financing energy efficiency projects in Norway on behalf of its second energy efficiency fund.

The Swiss infrastructure fund manager, investing on behalf of the SUSI Energy Efficiency Fund II (SEEF II) fund, is partnering with Norwegian energy efficiency specialist Sastech for the financing of energy optimisation solutions with a focus on large commercial buildings owned by corporates and public-sector entities.

Based on an initial portfolio of five projects located in Norway, SUSI said the two firms expect to expand their cooperation into further European countries in the near future.

SUSI’s credit financing model will allow Sastech to implement its solutions without requiring any upfront capital expenditure from its customers, “thus extending its project pipeline and accelerating the implementation of energy efficiency measures in Norway and beyond”.

The latest deal expands SUSI’s credit platform’s footprint in the Nordics, investing in Norway for the first time, and increasing the number of countries covered to 18.

Back in June, SUSI commenced fundraising for the successor, the SUSI Energy Efficiency and Transition Credit Fund, which is expected to reach a first close before the end of the year.

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