SUSI Partners, through its Asia Energy Transition Fund (SAETF), has joined forces with Singapore-based microgrid technology provider Canopy Power to bring clean power solutions to off-grid locations across Southeast Asia.

Under the agreement with Canopy Power, SAETF will fund microgrid projects combining solar photovoltaics with battery storage and energy management technology to replace emissions intensive diesel generators in locations underserved by or disconnected from utility grids.

Canopy Power will contribute their engineering, procurement, and construction expertise to deliver the projects to customers across the tourism, agriculture, mining and fishery industries, among others, and to serve remote communities.

SUSI Partners, for SAETF, targets sustainable energy infrastructure investments across Southeast Asia.

For its first closing in late May 2021, SAETF received capital commitments from development banks AIIB and FMO, Nordic DFIs Norfund and Swedfund, as well as private institutional investors from Germany and Singapore.

Fundraising continues with final closing of the fund expected to occur in 2022.