Original disclosure @ FMO website
Updated in EWS Nov 25, 2020
Disclosed by Bank Oct 16, 2020
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SUSI Southeast Asia Energy Transition Fund (SAETF) is a private equity fund that will invest in renewable energy and energy efficiency solutions in Southeast Asia. The fund has a target size of 250MM and is managed by SUSI Partners (SUSI), a Swiss fund manager with a strong track record focused on energy transition investments in Europe and global OECD markets. SAETF is SUSI's first emerging markets fund and will be anchored by four DFIs, including two other European DFIs.
SAETF plans to make majority/controlling investments in energy transition infrastructure assets and companies. The portfolio will contain a balance of investments in energy efficiency, microgrids, commercial & industrial (C&I) energy solutions, and energy storage, alongside utility scale renewable energy generation projects. The fund will invest in developers, platforms, and joint ventures that may hold a mix of construction and/or operational assets alongside a pipeline of development stage assets.
*Project contacts not provided at the time of disclosure.*
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ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism