Dutch bank to pump $30 million in renewables in Southeast Asia
1 July 2024According to a disclosure on June 27, FMO will co-invest alongside SUSI Asia Energy Transition Fund in order to build a renewable energy company, active mainly in Vietnam and the Philippines.
SARA is a greenfield renewable energy platform under SUSI, a fund that invests in renewable energy and energy efficiency solutions in Southeast Asia and managed by SUSI Partners.
Accordingly, SARA will focus on ready-to-build utility-scale wind and solar assets in Vietnam and the Philippines. The aim is to create an operational portfolio of 200-300MW in the coming years, and FMO’s capital will mainly be used to fund the equity needed to construct these projects.
SARA will provide clean energy to the grid in countries with a need for additional power and a diversification of their energy matrix. Investments will support the reduction of carbon emissions in Southeast Asia by reducing the reliance on fossil fuel-based sources of power. The investment will be fully green as it involves the financing of wind and solar energy generation.
SARA is committed to sustainable development and to ensure that the environment and society at large benefit from their projects, and to assure that potential biodiversity impacts are systematically assessed and mitigated.
Related
-
Brazil solar curtailment hits 20% as renewables strain grid infrastructure
13 September 2025
-
Hyundai Rotem keen on developing high-speed railways in Vietnam
12 September 2025
-
Hanoi approved plan to build the fifth metro line
12 September 2025
-
Vingroup to develop 20 GW of renewable energy in central Vietnam
10 September 2025
-
Mitsubishi Power to supply gas turbines to O Mon 4 Power Plant in Vietnam
10 September 2025
-
Romania considers launching new wind auctions
30 August 2025