SUSI Asia Energy Transition Fund SC (FMO-58723)

Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Hold
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Nov 25, 2020

Disclosed by Bank Oct 16, 2020


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Project Description

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.

 

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

*Project contacts not provided at the time of disclosure.*

 

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

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