At the end of May, SUSI Partners held a final closing for Southeast Asia Energy Transaction Fund (SAETF), bringing the total fund commitment to 120 million USD. The Fund focuses on investing in energy transition infrastructure throughout Southeast Asia. Its current investments include utility-scale renewable energy generation, energy efficiency, and distributed solar PV solutions for commercial and industrial end clients.
The Fund has received commitments from several reputable institutions, including the Asian Infrastructure Investment Bank (AIIB), Dutch FMO, and Nordic DFIs Norfund and Swedfund during its initial phase. It has also secured additional pledges from Austrian OeEB, British International Investment (BII), and BIO, the Belgian Investment Company for Developing Countries.
Over the past two decades, Southeast Asia has maintained its position as one of the world’s fastest-growing economic regions, which results in a corresponding rise in energy demand. Despite the growing need for sustainable energy infrastructure to provide secure and affordable access to clean energy throughout the region, international capital markets are still failing to meet this critical demand. The inclusion of development finance institutions in SAETF highlights the Fund’s forward-thinking approach in directing international capital towards much-needed clean energy transitions in Southeast Asia. This region is highly sought after by public and private investors seeking impactful investment opportunities. The Fund’s innovative role is pivotal in driving these transitions towards a sustainable future.
SAETF currently has four investments, including a joint venture with InvestEnergy for energy efficiency, a renewable energy platform with Pacific Impact Development, and two investments for distributed solar PV solutions. They plan to continue investing in these platforms while seeking new opportunities for their energy transition mandate.
