British International Investment (BII) has announced a commitment of $95 million to advance climate action in South-East Asia.
This includes a USD70 million investment through a top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA has been established jointly with BII, FMO, and SUSI under SAETF. It aims to develop a 500 MW portfolio of greenfield renewable energy projects across selected South-East Asian markets by the end of the fund’s life. Furthermore, with additional contributions from new and existing investors, SUSI has increased the size of its Southeast Asia-focused strategy from USD120 million to USD259 million, including direct co-investments. These funds are dedicated exclusively to sustainable energy infrastructure projects in the region.