SUSI Partners raises close to EUR 150 million for its second energy efficiency fund

Zug/Zurich, 23 July 2019 – SUSI Partners is pleased to announce that its SUSI Energy Efficiency Fund II (SEEF II) has raised EUR 148.6 million in investor commitments as of 19 July 2019. The vehicle continues the SUSI energy efficiency platform following the SUSI Energy Efficiency Fund I (SEEF I), benefiting from the predecessor’s strong track record and extensive partnership network.

To ensure uninterrupted investments with partners, a first closing at EUR 45.4 million was held in January 2019, shortly after full deployment of SEEF I. Building on this successful start, an additional EUR 103.2 million have now been raised for a second closing. The Fund aims to raise a minimum of EUR 300 million and remains open to institutional investors at least until the end of 2019.

While significant investments in energy efficiency projects are needed to achieve the objectives of the Paris Climate Agreement, private and public infrastructure owners and operators often lack the financial resources to adopt the necessary technologies. Through SEEF II, SUSI Partners offers an innovative off-balance sheet financing solution with the Fund financing necessary investments in return for part of the energy savings.

Since January 2019, SEEF II has made seven investments across seven European countries, including Light-as-a-Service (LaaS) projects in Germany, Poland and Italy; energetic refurbishments of private apartments and public buildings in Italy and Slovenia, respectively; and streetlighting retrofits in Spain. Furthermore, a close and growing cooperation with the leading lighting company Signify (formerly Philips Lighting), which implements LaaS projects across various countries in Europe, continues to provide attractive investment opportunities. Overall, the Fund has already deployed approximately EUR 30 million to date. CO2 savings achieved through its investments amount to approximately 140,000 tonnes.

Dr Tobias Reichmuth, Chief Executive Officer and Founder of SUSI Partners, comments: “Energy efficiency solutions are the most effective measure in delivering CO2 emissions reductions, thus making a strong contribution to achieving global climate goals. This is why they form an integral part of our holistic approach to financing the energy transition.”

Alexander Hunzinger, Managing Director responsible for SEEF II, says: “We have a healthy pipeline of projects in place for the rest of the year and will continue to invest in energy efficiency measures across private and public infrastructure, benefiting the environment and broader society as well as our investors.”