Tiếng ViệtA new milestone in renewable energy investment
In response to Southeast Asia’s rising energy demand, the British International Investment (BII), the Dutch Entrepreneurial Development Bank (FMO), and SUSI Partners have officially launched the Sustainable Asia Renewable Assets (SARA) platform. This significant initiative aims to fast-track the development of renewable energy projects in the region, helping reduce reliance on fossil fuels and supporting a sustainable energy transition.
The platform is part of SUSI’s Asia Energy Transition Fund (SAETF), which seeks to create a portfolio of new 500MW renewable energy projects across key Southeast Asian markets. One of SARA’s first initiatives is the Dam Nai wind farm in Vietnam, acquired by SUSI in October 2024, representing a key milestone in the region’s renewable energy development.
Robust funding to drive the development of sustainable energy infrastructure
BII and FMO have committed $70 million and $50 million to SARA, respectively, along with additional funding for SAETF. This partnership increases the total fund size from $120 million to US $259 million, boosting the capacity to expand investments in renewable energy infrastructure projects throughout Southeast Asia.
According to the International Energy Agency (IEA),Southeast Asia is a major global manufacturing and industrial hub, projected to account for over 25% of global energy demand growth by 2035. However, since 2010, almost 80% of the region’s new energy supply has been dependent on fossil fuels, making the shift to clean energy a critical priority. The launch of SARA represents a significant advancement in attracting investment for renewable energy, reducing environmental impact, and progressing toward a low-emission economy.
Investment strategy and commitment from international financial institutions
SUSI Partners, based in Singapore since 2019, is a leader in the energy transition across Southeast Asia. After successfully closing the SAETF fund in 2023 at $120 million, the fund is being expanded in 2024 to meet growing investor demand. SAETF’s current portfolio features large-scale renewable energy projects, energy distribution systems, and energy efficiency solutions in Vietnam, the Philippines, Thailand, and Cambodia.
With a favorable economic outlook, strong policy support, and the pressing need to address climate change, SARA is set to become a pivotal platform driving Southeast Asia’s green energy transition. Strategic investments from BII, FMO, and SUSI Partners will not only help the region reach its sustainability goals but also unlock numerous opportunities for businesses and investors in the renewable energy sector.