SUSI Partners has joined with BayWa r.e. for the development, construction and operation of commercial and industrial (C&I) solar PV projects in Malaysia, Thailand, Vietnam, the Philippines and Indonesia.
SUSI said the partnership is geared towards a larger-size segment of the C&I sector, with target projects reaching sizes of up to 20 megawatts power (MWp) and deriving revenue from long-term electricity offtake agreements with larger, well-established corporations. This builds on a long-standing relationship between SUSI and BayWa r.e., which previously focused on renewables in Europe.
SUSI will work closely with BayWa r.e. during the project development process and eventually fully acquire ready-to-build projects after a power-purchase agreement has been secured. An initial portfolio with a capacity of more than 20 MWp has been earmarked for acquisition.
The agreement was made via SUSI’s Asia Energy Transition Fund (SAETF), expanding the vehicle’s