Our investment
Description of the investment.
Description of the investment.
Our investment in SUSI Asia Energy Transition Fund aims to deliver renewable energy, energy efficiency and energy storage infrastructure in South East Asia to meet the region's climate and sustainable development goals.
The fund's investments are expected to: contribute to global climate change mitigation goals through clean energy solutions; increase the supply of reliable and affordable electricity for businesses and consumers; and enable access to clean energy solutions in underserved areas.
Impact information
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
What?
| Impact |
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How?
| How? |
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Who?
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Planet |
Global |
N/A |
| Consumers |
Southeast Asia |
N/A |
| Employees |
Southeast Asia |
N/A |
How much?
| Scale | Depth/Duration |
|---|---|
|
Potential to be large-scale given the types of enabling technologies and business models the fund targets, which in turn will impact many actors if proven successful. |
The climate mitigation impact is expected to be deep, especially for coal-dependent economies. The impact on economic opportunities is expected to be deeper in countries with higher poverty and unemployment levels. |
Contribution/additionality
| Contribution/additionality |
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Risk
Execution RiskWe recognise that targeted investments by the fund may not generate material impact to consumers and businesses in those countries where access to energy is high and those investments involving the acquisition of existing assets. |
Impact score
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Impact score (at point of investment)
The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. You can find out more here. The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party. |
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5 |
Environmental and social information
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Environmental and social summary
A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
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Environmental and social risk
A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.
Environmental and social summary
We have included ESAP items to enhance SUSI’s supply chain risk management framework and gender-based violence and harassment policies and procedures.
Environmental and social risk
Medium-High
Reporting and Complaints Mechanism
The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.
For any other general enquiries contact us at enquiries@bii.co.uk
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Key facts
- Last updated
:
When the last quarterly update of the website database occurred.
- December 2024
- Project number
:
An identifier number shared by investments in the same project.
- D5110
- Status
:
The current status of the investment (green flag for active and red flag for exited).
- Active
- Region
:
The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.
- Rest of the World
- Sector
:
We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.
- Infrastructure
- Investment type :
- Fund
- Start date :
- March 2023
- Amount :
- $15m
- Currency of investment :
- USD
- Fund manager:
- SUSI Partners Asia Pte. Ltd
- Domicile
:
The company or investment fund’s place of incorporation.
- Luxembourg
We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.
For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.
For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.
For direct equity investments, this is the date at which British International Investment exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.
For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.
The currency in which the investment was made.
- Climate finance
:
Indicates whether the investment is climate finance qualified or partially climate finance qualified and the type of climate finance (adaptation, mitigation or both). We define climate finance using the multilateral development bank (MDB) and the International Development Finance Club (IDFC) Common Principles climate finance methodology. See Common Principles for Climate Mitigation Finance Tracking and Common Principles for Climate Change Adaptation Finance Tracking. We provide the climate finance qualification and type for commitments from 2020 onwards, which is when we launched our Climate Change Strategy.
- Fully qualified
- Energy type
:
‘Renewable’ includes energy sources with very low lifecycle emissions such as solar, wind and tidal or those meeting a certain criteria such as hydro power, biomass or geothermal. ‘Fossil fuel’ includes coal, oil and gas. Investments labelled as ‘Mixed’ support a combination of renewable and fossil fuel assets.
- Renewable
- Last updated
Related investments made by BII into this fund:
| Investment name | Commitment | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Investment 01 | $15m | Rest of the World | Infrastructure | September 2024 | Active |
Investments made by this fund into companies:
For further information about these companies, visit https://www.susi-partners.com/
| Investment name | Country | Region | Sector | Energy Type | Start date | Status |
|---|---|---|---|---|---|---|
| Alba Renewables Philippines Pvt. Ltd | Philippines | Rest of the World | Infrastructure | June 2024 | Active | |
| Asia Clean Capital Vietnam | Vietnam | Rest of the World | Infrastructure | Renewable | June 2023 | Active |
| BayWa r.e | Vietnam | Rest of the World | Infrastructure | Renewable | October 2023 | Active |
| Canopy Power | Singapore | Rest of the World | Infrastructure | June 2023 | Exited | |
| Entoria Energy Platform | Singapore | Rest of the World | Infrastructure | Renewable | June 2023 | Active |
| Invest Energy Platform | Malaysia | Rest of the World | Infrastructure | Renewable | June 2023 | Active |
| Northern BioGas Ltd | Thailand | Rest of the World | Infrastructure | October 2023 | Exited | |
| Pacific Impact Development | Philippines | Rest of the World | Infrastructure | Renewable | July 2023 | Active |
