According to the bank document, the SUSI Asia Energy Transition Fund (“SAETF”) is a private equity fund established to provide institutional investors with the opportunity to take advantage of the energy transition trend in developing Asia and invest in renewable energy, energy efficiency, energy storage and microgrid projects in the region. The target fund size is US$250 million. The first closing date is expected in Q1 2020, whereas the final closing date will be up to 18 months from the first closing date.
The objective is to mobilize private capital investments for the energy sector by investing in renewable energy, energy efficiency, energy storage and microgrid projects in selected AIIB members within developing Asia via a fund.
Fund commitment of up to USD50 million and co-investments of up to USD50 million in total
1/ AIIB Contact:
Name: Thomas Walenta
Title: Senior Investment Officer
2/ SUSI Partners Asia Pte Ltd Contact:
Name: Wymen Chan
Title: Managing Director
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.