Private Equity
This acquisition has been routed through SUSI Asia Energy Transition Fund (SAETF).
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Deals
SARA will focus on wind and solar assets in Vietnam and the Philippines.
The investment has been routed through SUSI Asia Energy Transition Fund.
The fund reached the first close at $81m in 2021 and final close at $120m in May 2023.
The fund prioritises Indonesia, Thailand, Vietnam and the Philippines as its focus markets.
This marks BII's first funding in SE Asia under the current 2022-2026 investment strategy.
The marks SUSI's first investment in an emerging market economy.
AIIB agreed to make a $75-million capital commitment to CITIC Capital Pan Eurasia Fund.
The fund invests in renewable energy, energy efficiency, energy storage, and microgrid projects in developing Asia.
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