SUSI Partners’ Asia fund has entered a partnership with the Seed Capital Assistance Facility (SCAF), an initiative of the United Nations (UN) Environment Programme, to accelerate the transition towards clean, secure, and affordable energy systems in Southeast Asia.
SUSI’s Asia Energy Transition Fund (SAETF) invests in sustainable energy infrastructure across Southeast Asia targeting greenfield investments through long-term partnerships with well-established developers in the region. The endorsement by SCAF is a testament to SUSI’s efforts in contributing towards climate change mitigation in an economically growing region still largely underserved by private capital.
SCAF will support SAETF’s activities by co-funding development activities necessary for the advancement of utility-scale renewable energy and other clean energy opportunities thereby helping to accelerate the deployment of SAETF capital into viable projects. This mid-term collaboration illustrates the importance of private and public organisations joining forces to realise a sustainable future in otherwise underserved markets.
The Seed Capital Assistance Facility’s (SCAF) vision is to increase the availability of investment for early-stage development of low-carbon projects in developing countries contributing to sustainable development, economic growth, poverty reduction and climate change mitigation. SCAF addresses fund managers as well as development companies active in the low-carbon sector in Southeast Asia and Sub Saharan Africa. SCAF is jointly implemented by the United Nations Environment Programme (UNEP), Frankfurt School FS-UNEP Collaborating Centre and FS Impact Finance. The donors behind SCAF are UK Aid and the German Federal Ministry for Economic Affairs and Climate Action (BMWK).
To learn more about SCAF’s activities, visit their website at: www.scaf-energy.org