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Susi targets large solar projects in Southeast Asia
Swiss fund manager teams up with BayWa to develop projects with sizes of up to 20MWp
The Asset 12 Sep 2023

Susi Partners, a Swiss fund manager specializing in sustainable energy infrastructure investments, has partnered with clean energy developer BayWa r.e. for development, construction, and operation of commercial and industrial (C&I) solar photovoltaic projects in Malaysia, Thailand, Vietnam, the Philippines, and Indonesia.

The partnership is geared towards a larger-size segment of the C&I sector with target projects reaching sizes of up to 20MWp and deriving revenue from long-term electricity offtake agreements with larger, well-established corporations.

Susi, through its Asia Energy Transition Fund (SAETF), will work closely with BayWa r.e. during the project development process and eventually fully acquire ready-to-build projects once a power purchase agreement has been secured.

An initial portfolio with a capacity of over 20MWp has been earmarked for acquisition. The agreement builds on a longstanding relationship between Susi and BayWa r.e., previously focused on renewables in Europe and carries it over to the fast-growing C&I solar PV market in the emerging markets of Southeast Asia.

The transaction further expands SAETF’s energy transition infrastructure portfolio, which now consists of five portfolio companies across utility-scale renewable energy generation, energy efficiency, and distributed solar PV solutions for C&I end customers across Southeast Asia.

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