British International Investment (BII) has joined a slew of development finance institutions — including AIIB, FMO, Swedfund, Norfund and OeEB — as well as private investors, in backing the SUSI Asia Energy Transition Fund (SAETF).
BII has committed $15 million to SAETF, a Southeast Asia–focused energy-transition infrastructure fund managed by SUSI Partners. SAETF targets infrastructure investments across the energy-transition spectrum, including renewable-energy, energy-efficiency and energy-storage projects. The fund focuses on emerging economies in Southeast Asia, including the Philippines.
The vehicle aims to contribute to global climate mitigation goals and the Paris Agreement by financing clean energy solutions, increasing the supply of reliable and affordable electricity for businesses and consumers, and enabling access to clean energy solutions in underserved areas.
This mark’s BII’s first commitment in Southeast Asia, in line with its plan to
