Gresham House – whose Energy Transition division now incorporates the strategies and teams of recently acquired SUSI Partners – has signed an agreement to acquire Vietnamese on-site renewable energy developer Asia Clean Capital Vietnam Pte. Ltd. (“ACCV”). Previously invested in ACCV, the transaction will see the SUSI Asia Energy Transition Fund (“SAETF”) become the sole equity owner of the company.

Founded in 2020, ACCV has grown into one of Vietnam’s leading commercial and industrial (“C&I”) renewable energy developers. The company has built an extensive portfolio of operating assets, a robust development pipeline and long-term partnerships with leading multinational manufacturers, supported by rising electricity demand and accelerating decarbonisation initiatives, including the rollout of Direct Power Purchase Agreements (DPPA) and the integration of battery energy storage systems.

The transaction marks further progress in Gresham House’s strategy to consolidate and scale its platforms within the SAETF portfolio, with ACCV expected to become a key component of the fund’s Southeast Asian C&I renewable energy platform, OASIS. Other key platforms in the fund include SARA, a utility-scale renewable energy company established in partnership with British International Investment and FMO, and Sustainable Energy Solutions Partners (SESP), a waste-to-energy biogas platform in Thailand. To date, the fund has invested in projects in Vietnam, the Philippines, Thailand and Cambodia.

Following Gresham House’s acquisition of SUSI Partners, SAETF continues to be managed by the same Singapore-based team led by Wymen Chan, now Gresham House’s Head of Energy Transition, Asia. The Energy Transition division’s Asia strategy works with local developers and partners across Southeast Asia aiming to scale their businesses from the ground up, applying an active platform-building approach supported by the team’s longstanding regional sector expertise.