•  
  •  
  •  

Susi Partners, South Pole plan EUR-250m RE fund for Southeast Asia

Solar park. Author: South Pole Group

July 12 (Renewables Now) - Swiss investment manager Susi Partners AG and sustainability solutions provider South Pole Group on Tuesday unveiled plans to establish an infrastructure fund aimed at renewable energy and energy efficiency projects in southeast Asia.

The fund will have a volume of EUR 250 million (USD 287m) and a 10-year lifespan, Susi Partners said on Monday. The financing vehicle will target between 10 and 15 renewable energy projects and the same number of energy efficiency schemes. The technologies to be funded through it will be solar photovoltaic (PV), wind and hydropower. Behind-the-metre solar PV, energy efficiency retrofits on public and private large-scale infrastructure projects will also be within its focus. In geographic terms, the fund will mainly support projects in Indonesia, Thailand, the Philippines and Vietnam.

The fund will be Susi Partners’ first investment vehicle for institutional investors, targeting Southeast Asia. Its creation is in line with the rapid deployment of renewable energy in the region and the rising demand for energy efficiency solutions.

“The renewable energy sector in Southeast Asia is still at an early stage with relatively low penetration of renewable energy in the power generation mix,” said Edgare Kerkwijk, managing director of the fund.

(EUR 1.0 = USD 1.146)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription