SUSI will work closely with BayWa r.e. during the project development process and eventually fully acquire ready-to-build projects once a power purchase agreement has been secured. An initial portfolio with a capacity of over 20 MWp has been earmarked for acquisition. The agreement builds on a longstanding relationship between SUSI and BayWa r.e., previously focused on renewables in Europe and carries it over to the fast-growing C&I solar PV market in the emerging markets of Southeast Asia.
The transaction further expands SAETF’s energy transition infrastructure portfolio, which now consists of five portfolio companies across utility-scale renewable energy generation, energy efficiency, and distributed solar PV solutions for C&I end customers across Southeast Asia.