Swiss fund manager SUSI Partners has teamed up with German clean energy developer BayWa r.e. to collaborate on the development, construction, and operation of commercial and industrial (C&I) solar photovoltaic (PV) projects across Southeast Asia.
The parties said on Tuesday that they have signed a framework agreement to target opportunities in Malaysia, Thailand, Vietnam, the Philippines, and Indonesia, with a focus on larger-scale rooftop PV projects, potentially reaching up to 20 MWp in capacity. SUSI Partners’ Southeast Asia-focused energy transition fund SAETF, which represents the company in this deal, will put up capital for the projects.
Under the agreement, BayWa r.e will be responsible for the project development, execution, client relationships and asset management. SUSI Partners will then acquire ready-to-build projects once power purchase agreements (PPAs) are secured.
The companies will aim to close PPAs with established corporate entities.
An initial portfolio with a capacity exceeding 20 MWp has already been identified for acquisition. This partnership extends the existing relationship between SUSI and BayWa r.e., which had previously concentrated on renewable energy projects in Europe.
