SUSI Partners doubles Southeast Asia energy fund to $259m with key investor backing

USI Partners raised an additional $139m for its Southeast Asia-focused energy transition strategy, bringing the total fund size to $259m.

The investment includes significant contributions from British International Investment (BII) and Dutch development bank FMO, with $70m and $50m allocated, respectively. These funds will support the SUSI Asia Energy Transition Fund (SAETF) and the Sustainable Asia Renewable Assets (SARA) platform.

SARA, a newly launched utility-scale renewable energy platform, aims to develop a 500 MW portfolio of greenfield renewable energy projects across Southeast Asia. The platform’s primary focus is to move projects from development to construction and operation. At the same time, it will build a scalable pipeline of proprietary renewable energy initiatives. The Dam Nai wind farm in Vietnam, acquired by SUSI in October 2024, will serve as the platform’s cornerstone asset.

SAETF, which closed at $120m in 2023 and reopened in 2024 due to strong demand and deal flow, has invested in utility-scale renewable energy projects, distributed generation, and energy efficiency initiatives. Its portfolio includes projects in Vietnam, the Philippines, Thailand, and Cambodia.

“SUSI’s expansion highlights the growing importance of Southeast Asia in the global energy transition,” a company representative said. “With strong support from key investors like BII and FMO, the fund is well-positioned to accelerate renewable energy adoption across the region.”

With a presence in Singapore since 2019, SUSI Partners continues to be a leader in driving sustainable energy infrastructure in emerging markets.

Source: Private Equity Wire

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