SUSI Partners and South Pole Group have come together for the launch of a €250m fund aimed at providing finance for energy transition infrastructure across Southeast Asia.
The new fund will have special focus on countries such as Indonesia, Thailand, the Philippines and Vietnam.
The fund, as claimed by SUSI can integrate its expertise in financing renewable energy and energy efficiency projects and South Pole Group’s track record to help in financing energy efficiency and energy transition across the Southeast Asian market.
This is the first time that SUSI is creating a vehicle for institutional investors focusing in the Southeast Asian energy transition market. The new fund will work on financing energy efficiency measures that have potential similar to those in Europe a decade ago.
Being launched with an amount of €250m, the fund will have a life of ten years. Portfolio targeted by the fund include solar farms, wind farms, hydropower plants, behind-the-meter solar farms, energy efficiency retrofits across public and private large sector infrastructure.
As per SUSI partners, the new fund will make its money from power purchase agreements at fixed prices per kWh and guaranteed savings from energy efficiency projects.
SUSI Partners CEO and founder Tobias Reichmuth said: “Institutional Investors can now engage in substantiated energy transition investing in renewable energy assets and energy efficiency retrofits with attractive risk-return profiles.
“With nearly a decade’s experience in renewable energy infrastructure investment and a strong local partner with a unique project pipeline, we are ideally positioned to capture the investment opportunities the Southeast Asian market offers.”
South Pole Group CEO Renat Heuberger said: “The clean energy landscape in emerging Asia represents an exceptionally interesting opportunity for institutional investors as well as impact-driven investors, such as family offices, to participate in the region’s growing demand for renewable energy infrastructure.
“We are excited to combine our unparalleled expertise in project development and our local presence in Asia with SUSI’s track record of successfully managing large clean energy infrastructure funds.”
Image: SUSI Partners and South Pole Group to form Southeast Asian energy infrastructure fund. Photo: Courtesy of SUSI Partners AG.