SUSI Partners invests in Vietnamese solar company

06 April 2023 11:41

Zurich CCGreater ZurichSwiss Business Hub ASEAN

Zug/Ho Chi Minh City - SUSI Partners has reached an agreement with the Vietnamese project developer ACCV for the development of solar power systems. The investment is structured as a convertible loan and contains sustainability criteria.

SUSI Partners is investing in the project developer Asia Clean Capital Vietnam (ACCV) via the SUSI Partners’ Asia Energy Transition Fund (SAETF). According to a press release, ACCV is a rapidly growing developer and operator of rooftop and ground-mounted solar power systems in Vietnam. The agreement between the Zug-based investment manager and ACCV focuses on the development of commercial and industrial solar photovoltaic (PV) systems.

According to the press release, SUSI Partners’ involvement aims to meet sustainability criteria. For instance, the investment is structured as a convertible loan and has a mechanism that ties the interest rate to advances in solar panel procurement transparency. The investment in Vietnam is adding to the SAETF portfolio. The fund invests in sustainable energy infrastructure in South-East Asia.

The Vietnamese market is a popular production location, including for multinational corporations. The pressure on companies to operate in a more environmentally friendly manner across the entire value chain is greatly increasing demand for industrial and commercial solar PV solutions in Vietnam.

SUSI Partners’ new partner, ACCV, is an independent platform launched by Asia Clean Capital, a company specializing in sustainable energy solutions. It has years of experience and established networks in the region. For its projects, ACCV has long-term offtake contracts with established industrial and commercial clients in the rapidly growing Vietnamese market.

SUSI Partners is an investment manager specializing in the energy revolution. It was founded in 2009 and has 1.9 billion euros in capital commitments from institutional investors. To date, it has concluded more than 140 transactions in over 20 countries. gba 

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