SUSI Partners has agreed to acquire the 39-megawatt Dam Nai wind farm, located in the Vietnam province of Ninh Thuận, from Norwegian renewable-energy company Scatec ASA.
SUSI Partners is making the acquisition on behalf of its SUSI Asia Energy Transition Fund (SAETF), which closed in June 2023 with $120 million of total commitments. SAETF invests in sustainable energy infrastructure projects in Southeast Asia. Its current portfolio consists of seven investments in Vietnam, the Philippines, Thailand and Cambodia, with a focus on utility-scale renewable-energy projects and distributed generation projects on commercial and industrial sites.
As part of the transaction, SAETF also will take over Scatec’s Vietnam-based operating company to facilitate a further expansion in Vietnam.
The Dam Nai wind farm will become a cornerstone asset of SAETF’s utility-scale renewable-
