Susi Partners to Acquire Sizeable C&I Solar PV Projects in Southeast Asia

Swiss-based infrastructure investment manager SUSI Partners (SUSI), through its Asia Energy Transition Fund (SAETF), has entered into a partnership with experienced clean energy developer BayWa r.e. for the development, construction, and operation of C&I solar PV projects in Malaysia, Thailand, Vietnam, the Philippines, and Indonesia.

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

In a statement, the Swiss Fund said it 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.

SUSI added that an initial portfolio with a capacity of over 20 MWp has already been earmarked for acquisition.

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The latest 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.